Besides continued low rates, other factors set to influence 2024 are interest rates, environmental regulations and geopolitical uncertainty.
Besides continued low rates, other factors set to influence 2024 are interest rates, environmental regulations and geopolitical uncertainty.
The shipping industry in 2023 is characterized by cautious consumer spending and sluggish container demand growth, coupled with the looming risks of oversupply
Shipping continues to navigate COVID-19 post-pandemic trends, the legacies of the 2021–2022 crunch in global supply chains, a softening in the container shipping market and shifts in shipping and trading patterns arising from the conflict in Ukraine.
From 2023-2025, sea freight operations will see improvements due to a better global and Thai economy, sustained income from freight charges, and slow growth in new ship supply.
The weakened balance of supply and demand poses complex challenges for container ship carriers.
In 2021, the EU exported €223 billion of goods to China and imported goods worth €472 billion. China is thereby Europe’s foremost trading partner when it comes to imports of goods, of which a substantial part passes through EU ports, in particular maritime ports.