Containership report July 2023
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We forecast that container volumes will grow 3-4% in both 2024 and 2025 and thus slightly faster than the global economy. We expect head-haul and regional trades to grow marginally faster than the total. As volumes during the first half of 2023 were relatively weaker than normal, we expect the 2024... Please follow the link to continue reading.
The container ship fleet is forecast to grow 9.5% during 2024 and 4.9% during 2025, equal to 14.9% growth over the two years combined. The largest ships with capacities of 12,000 TEU or more, of which there are around 800, will contribute 75% of the total capacity growth as the order book remains l... Please follow the link to continue reading.
According to the International Monetary Fund’s (IMF) estimates, the global economy should grow 3.1% in 2024 and 3.2% in 2025, slightly higher than the 3.0% estimated for 2023. China is forecast to continue to suffer from its ongoing real estate sector crisis, seeing growth slow from 5.2% in 20... Please follow the link to continue reading.
Though container volume growth has obviously been lower than many had hoped, it is the supply side developments that are the market’s main challenges. Supply is forecasted to grow at an average annual rate of 8.4% between 2023 and 2025. Even at the best of times, ship demand would not see similar ... Please follow the link to continue reading.
We forecast that global container volumes will grow by between -0.5% and 0.5% in 2023, and by between 3.0% and 4.0% in 2024. Combined, head-haul and regional trade volumes are faring slightly better. We predict growth of between 0.0% and 1.0% in 2023 and between 3.5% and 4.5% in 2024. During the f... Please follow the link to continue reading.