Australia, Victoria, Melbourne - Miscellaneous
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Macro environment
Houthi attacks on ships in the Red Sea continue and many shipowners therefore continue to avoid the area. As no resolution to the conflict is in sight, we assume that the attacks may impact shipping throughout 2024 and that ships may be able to return to normal routings in 2025. According to the In... Please follow the link to continue reading.
Demand
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.
Macro environment
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.
Egypt, Suez Canal - Pilotage
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Denmark, Aabenraa - Harbour
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Denmark, Gulfhavn - Harbour
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Container spot rates drop 43% in Q3, worst development in non-COVID year
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Strong dry bulk market fuels 42% drop in ship recycling
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Peru, Port of San Nicolas - Entrance
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