Global shipping outlook

Global shipping outlook. Global container shipping rates have, on average, increased to four to five times their 2019 levels Jul 7, 2022 · After the resilience and then strong recovery of recent years, it has been another exceptional half year for shipping with our cross-segment ClarkSea* for shipping cargo transportation averaging $38,844/day, up 7% on 2H 2021 and 157% on the 10-yr average. 5% in 2024. Register here. Dec 4, 2023 · Fitch Ratings has maintained its deteriorating outlook for global container shipping, reflecting the continued challenges facing the sector. Jan 4, 2016 · 2016 Outlook: Global Shipping Fitch Ratings-London-10 December 2015: Fitch Ratings has revised the global shipping sector outlook for 2016 to negative from stable in 2015. 2% MoM. Feb 27, 2019 · IMO 2020 regulations could cost the container shipping business as much as $10B globally - and that cost could increase significantly in 2020. AlixPartners has been surveying online shoppers all over the world since 2014, uncovering trends that help online retailers and their home-delivery logistics providers craft smarter strategies for succeeding in each market. The forecast for total full year volumes has therefore risen by 0. This makes capacity discipline paramount for container liners, but that won’t be easy with increasing competitive Dec 7, 2020 · Here is my analysis below: 1. 1% in 2024, despite potential risk from Red Sea crisis • Germany experienced recession in 2023 and faces potential recession in 2024 • US inventory-to-sales ratio declining, driven by wholesalers reducing inventories. In September 2021, the contract market Xeneta Shipping Index (XSI®) revealed a monthly increase of 3. Deutsche Bank predicts the two carriers’ average freight rates will be up 30% this year versus 2021. Now 2021 has come to a close, and our Jul 26, 2021 · The COVID-19 crisis has exerted a profound impact on the shipping industry. The global transport and logistics sector recovery is entering a new phase, and we're expecting substantial growth in 2022 – despite the war in. Feb 2, 2022 · In its January global ocean fleet statistics, Alphaliner reported that Mediterranean Shipping Company (MSC) has surpassed Maersk as the world’s biggest container line. Jan 6, 2023 · What 2023 holds for the global shipping industry. 5% and 0. This article is a copy of the original article on Think. Logistics & Automotive. Specifically, total shipments saw a 4. Fitch Ratings has revised its outlook for shipping to deteriorating from neutral, reflecting the challenges facing Global oil usage is expected to grow more than 2% year-on-year in 2023, and having recovered from the pandemic global jet fuel consumption soared about 30% in the first half of this year. The development followed a 2. Jun 13, 2022 · Related Fitch Ratings Content: Global Container Shipping Update Fitch Ratings-London-13 June 2022: Container shipping is poised for another very strong year in 2022, but Fitch Ratings expects challenges in 2023, which could result in a test of the industry’s discipline or whether companies are better placed than in the last downturn, given the high cash balances, more consolidated market The global shipping outlook remains mixed. fitchratings. And, as you've probably already seen, it's also had a massive impact on the international shipping industry. Our final edition of the spring series of Leadership Insights Live returns to review the global trade outlook for 2021 as recovery from the pandemic begins to gather pace. Global trade has also entered a period of lower growth due to geopolitical concerns, protectionism, and supply chain Mar 14, 2023 · Outlook. A shipping container is a container with strength suitable to withstand shipment, storage, and handling. Perhaps the most defining characteristic of the Container Shipping market will be a continuation of the large scale disruptions that the industry has witnessed since 2020 when Covid wreaked havoc across global supply chains. CMA CGM has teamed up with newcomer Saudi container line Folk Maritime on an upgraded service between Jeddah and the North Red Oct 24, 2023 · In Q3 2023, fuel prices rose dramatically, and that has been passed down to major ocean shipping lines. Dec 13, 2021 · Fitch Ratings-London-13 December 2021: Fitch Ratings maintains its neutral outlook on the global shipping sector due to continued strong market conditions in the container shipping and dry bulk segments, and expectations that the tanker segment could improve after a weak 2021. By 2023, rates are expected to slowly stabilize but at far 2024 is set to be a record-breaking year again with an estimated 3 million TEUs of new capacity entering the market. Jan 5, 2024 · Marcus Hand | Jan 05, 2024. The global shipping containers market was valued at $8. The shipping industry is full of diversity, comprising various segments such as container shipping, tankers, and dry bulk. A look at strong cargo growth and macroeconomic challenges for shipping in 2023. End: 7 July 2021 11:00 BST. From 1 January 2024, ship operators will need to purchase carbon credits on the EU Emissions Trading System (EU ETS), where the ship calls in at least one EU port. With COVID-19 disruptions, port congestions, strong demand, and maxed-out capacity, a series of events have worsened the global supply chain Nov 29, 2022 · The pace of global shipping activity is set to lose steam next year as economic turmoil, conflict in Ukraine and the impact of the pandemic weaken the outlook for trade, U. We forecast that global container volumes will grow between 0% and 1% in 2023, and between 3% and 4% in both 2024 and 2025. Jan 2, 2024 · The Global Shipping Outlook 2024 is marked by significant technological advancements in the container shipping market. 5% in 2023, and by between 3. The tide is turning for container shipping. Beijing’s on-and-off COVID lockdowns created serious challenges for shipping in 2022, and even though pandemic-era controls have eased Jun 28, 2023 · Global container shipping outlook: pressure mounts amid flood of new capacity. Photo: AdobeStock. Supply-demand balance and a massive influx of additional capacity in the market. This means that the amount of ships and containers in the world is not a major problem. One of the notable innovations is blockchain technology. com or by clicking on the link above. H. Jun 28, 2023 · Global container shipping outlook: pressure mounts amid flood of new capacity | articles | ING Think. 4% in 2023 with recovery in iron ore and coal shipments, settling at 2. 3, the lowest Drewry Supply/Demand Score ever reported. 6 billion, up 43% from 2021, and that Hapag-Lloyd’s 2022 Market outlook for shipping volume weakens as war weighs on economy Uncertainty around the unfolding war in Ukraine is significant and is clearly impacting the global economy and world trade Dec 1, 2023 · Global Shipping Outlook 2024. The ship demolition activity is also centered in South East Asia, with Bangladesh Third-party logistics study shows 5% decline in total shipments. Search the MarineTraffic ships database of more than 550000 active and decommissioned vessels. Port congestion will continue well into 2022 from port closures on short notice due to local COVID-19 outbreaks. The outlook for shipping remains mixed. Jun 29, 2023 · Global oil usage is expected to grow more than 2% year-on-year in 2023, and having recovered from the pandemic global jet fuel consumption soared about 30% in the first half of this year. The market is bracing for a massive inflow of new capacity amid slowing demand and resolved congestion. May 12, 2022 · A global shipping industry that’s experiencing the strongest and most turbulent market in memory faces a potential slowdown later this year. We expect muted global Container shipping outlook 2023. Analyst Insight: Resilience has been a main theme since the pandemic revealed risk in supply chains that weren’t properly diversified, leaving them vulnerable to disruption and delays. High Dec 8, 2023 · On that basis, we expect global container shipping demand, as measured by boxes shipped, to increase marginally, if at all, over 2023, and subsequently expand at a low-single-digit rate in 2024-2025. Dec 1, 2023 · The ‘Global Shipping Outlook 2024’ is available at fitchratings. Mar 21, 2024. Global shipping outlook 2022. ferry services and the cruise industry (Jenelius & Cebecauer 2020; Urbanyi-Popiolek 2020; Renaud 2020). We forecast that Tankers and Dry Bulk will remain stable, with the former the most likely to perform well. Find locations of ports and ships using the near Real Time ships map. These containers range from large reusable steel boxes Nov 10, 2021 · <p>Short-term disruption has defined shipping’s fortunes this year, but the mid-term outlook is riddled with uncertainty and risk. S. With limited orderbook, annual dry bulk fleet growth will slow to 2. Rico Luman, Oleksiy Soroka, CFA and Inga Fechner. Container fleet continues to grow at about Jan 23, 2024 · B. 5% and 4. Articles 28 June 2023 12 min read. Our clients require expertise and analysis that looks at the big picture. ”. Contact: Raman Singla. While many shippers have made great strides Feb 6, 2023 · International shipping CO2 emissions outlook worldwide 2019-2070. View vessel details and ship photos. Perhaps the most common concern in the container shipping industry has been the massive influx of new capacity that is expected to inundate the market in 2024 (and 2025 as well). Discover information and vessel positions for vessels around the world. This combination of excessive available capacity and low demand are pointing to an extreme overcapacity in the market. DHL Ocean Freight Market Update Outlook 2022-2024. Even at the best of times, ship demand would not see similar growth. Robinson. Read the results from our annual survey and other insights from our industry experts. Apr 26, 2022 · The shipping sector faces another extraordinary year, with ongoing supply chain frictions and the reshaping of routes in dry and liquid bulk markets following the war in Ukraine. Sector Outlook: Deteriorating and Stable Segments. The period from mid-2020 to the fourth quarter of 2022 was a high-water mark for the container shipping industry, and with it came unprecedented turmoil, disruption, and prosperity. Ocean carriers published record profits in 2020 after so many years. 4% in 2021. 3 billion by 2027, exhibiting a CAGR of 8. 04 July 2023 11 min read. The impact of geopolitical events, supply chain issues, health crises, and a changing climate is never confined to a single sector or market. Unwinding the disruption will take months. February 5, 2024. In this context, S&P Global Freight Rate Forecast (FRF) models predict the Baltic Dry Index (BDI) to rebound from average 800 points in the first two months of 2023 to average about 1,400-1,600 points in 2023-24, while we assume container freight rates will continue to decline to average about $1,000-2,000 per box (FEU) in 2023-24 from Dec 1, 2022 · Dec 1, 2022, 2:00 PM EST. 65/MMBtu on January 12, 2021, a new daily high by far. A continued global economic recovery is key for all shipping Jun 28, 2023 · Global trade is changing and so is shipping. This report provides a summary of the key issues that affected shipping markets in 2021 and what we are expecting to see in 2022. In this five-part report Seatrade FLNG technology can tap into gas resources from underwater gas fields previously too challenging to reach. Start: 7 July 2021 10:00 BST. 5% a week. This latest third-party logistics report outlines a decline in shipments, invoice amount per shipment, and total revenue compared to the previous quarter. 90/MMBtu in June 2020. 7% quarter-over-quarter decrease and an 8. It forecasts that Maersk’s 2022 EBITDA will be $34. The industry is also known as the world's largest employer, especially its freight segment. Mike Short, President, Global Forwarding at C. This is in line with our projected global GDP growth of 3. Apr 26, 2022 · Transport and logistics sector enters new phase of recovery – but there are headwinds. N. Combined, head-haul and regional trade volumes are faring slightly better. Fitch’s Sector Outlook: Deteriorating Fitch Ratings has revised its outlook for shipping to deteriorating from neutral, reflecting the challenges facing Container Shipping. Uncertainty around the unfolding war in Ukraine is significant and is clearly impacting the global economy and world trade Feb 8, 2024 · Faced with an especially uncertain outlook, Maersk said it would be scrapping the fifth part of a share buyback plan, worth $1. ‘Global Shipping Outlook 2023’ is available at www. Uncertainty around the unfolding war in Ukraine is significant and is clearly impacting the global economy and world trade. Trends and Factors impacting the Container Shipping industry in 2024. The Global Shipping Industry - Forecast and Analysis 2023 is a comprehensive and invaluable resource for industry professionals, investors, and stakeholders. agency UNCTAD said on Dec 8, 2023 · US-based capital markets information company S&P Global has released its Global Shipping Report which analysed the 2024 outlook for the shipping industry and investigated some key causes of the industry’s breakdowns. We forecast that tankers and dry bulk will remain Mar 14, 2022 · Global supply chains have seen unprecedented disruption, and container freight rates are at record highs. However, there are risks that tilt toward the negative. Jan 1, 2023 · Published Jan 1, 2023 8:13 PM by The Maritime Executive. importers must navigate canal restrictions, diversions from the Red Sea, more canceled sailings and, possibly, a port strike. COVID-19 led to a boom in US containerized consumer goods demand, causing congestion, and reducing effective container logistics capacity. Facing one crisis after another – from Trump’s tariffs in 2018 to COVID-19 disruptions beginning in 2020 to resulting demand fluctuations, inflation, and congestion issues continuing Jun 20, 2023 · After declining by 0. Merged with recovered demand for oil and prolonged trade routes, there’s a tight market, resulting in extended higher rates and the need for innovative products such as a marine fuel bladder. Freight rates. Global trade slipped into contraction at the end of 2022, following the rationalisation of piled-up inventories and the economic and industrial stagnation in the US and Europe. Search for popular ships globally. Fitch Ratings maintains its deteriorating outlook for the shipping sector, mainly reflecting the continuing challenges for the container shipping, which could lead to year-on-year (yoy) worsening of the results. 3% in 2024, compared with 2. In particular, back-haul and regional trades performed better, so expectations have lifted for the fourth quarter as a consequence of this. As the inland logistics problems gradually gets resolved, the operations will come back to normal. August 24, 2023. The EU is planning to reduce CO2 emissions and to put taxes on Jul 7, 2023 · Global container shipping outlook: pressure mounts amid flood of new capacity. 8% in 2023 and 3. Concern continues to mount about the North American and global economy as multiple Jul 12, 2022 · Order books for both dry bulk carriers and tankers remain at historic lows, close to 7% for bulk and 4% for tankers of their vessel fleets. In 2023, third quarter volumes performed better than previously predicted. Due to increased demand and successful capacity management compared in December 2020 vs. Demand remains strong amidst limited capacity, with freight rates looking to stabilize much later in 2024. Fitch Ratings Ltd. Marcus Hand | Feb 21, 2023. Fitch Ratings, 30 North Colonnade, Canary Wharf, London, E14 5GN. Combined head-haul and regional trade volumes are expected to grow 0. We forecast that global container volumes will grow by between -0. The Covid-19 pandemic has significantly affected nearly every aspect of our lives, from how we travel to the way we socialise. Dec 1, 2023 · Global Shipping Outlook 2024. 3% per year and is comparable with Clarksons Research's outlook (see chart 2). This distributed ledger technology enables secure and transparent transactions, streamlines documentation processes, and reduces the risk of fraud. Demand. Dec 1, 2020 · Fitch Ratings 2021 Outlook: Global Shipping. In the second part of our 2024 shipping market outlook series we are focusing on the container sector with Maritime Strategies International (MSI) analyst Daniel Northeast Asian spot LNG prices for February 2021 delivery reached $33. Dec 21, 2023 · Rahul Kapoor, Head of Shipping Analytics and Research at S&P Global Commodity Insights, discusses the impact of Red Sea Attacks on global trade flows and shipping rates. 2% increase in August and an unprecedented 28. We forecast that tankers and dry bulk will remain stable yoy, with the Feb 2, 2023 · In October 2022, the International Chamber of Shipping (ICS) announced its goal of achieving climate-neutral shipping by 2050. With a profound understanding of market trends, growth potentials, and key players, readers are empowered to make informed decisions and capitalize on emerging opportunities in this May 20, 2022 · The global shipping container market reached a value of US$ 9. MSC now operates a fleet of 645 container ships with a total capacity of 4,284,728 TEU compared to Maersk’s 4,282,840 TEU (736 ships) and slipped into the pole position with . He speaks with Haidi Container Shipping Market Overview & Outlook. Prudent capacity management, particularly in Dec 7, 2022 · Global Shipping Outlook 2023. 9% in 2022 and 3. com or by clicking the link above. That period was, above all, a period of extremes: extreme rate rises, extreme container and labor shortages, extreme delays Feb 9, 2022 · Global demand in 2021 was only 5-6% higher than in 2019. 9% in 2022, dry bulk demand is expected to increase by 1. The International Monetary Fund (IMF) predicts global economic growth of 2. LEARN MORE. 9% year-over-year decline. Drewry Supply/Demand Index forecast for 2024 is 74. Director, Corporate Ratings. Cargo growth is weak, but capacity is currently the most important factor to watch. 3% for the forecast period 2020-2027. Parash Jain, Head of Shipping & Ports & Asia Transport Research Apr 11, 2022 · 1) Continued disruptions and Equipment and Space scarcity. Although 1H was not quite a record half year for the ClarkSea Index (1H 2008: $39,129/day Other languages. Looking forward, the market is projected to reach US$ 15. 0% and 1. The outlook of international shipping in 2022. These disruptions and consequent unreliability have manifested Global Shipping & Shipbuilding Markets Overview & Outlook. We predict growth of between 0. Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as industrial coal-to-gas switching gathers pace in China and South Asian and South-east Asian countries use more LNG to Global shipping outlook: rebalancing with reshaped routes The shipping sector faces another extraordinary year, with ongoing supply chain frictions and the reshaping of routes in dry and liquid bulk markets following the war in Ukraine. Singapore world-class port infrastructure, efficient logistics, and connectivity to major shipping routes continue to attract shipping companies and businesses involved in Nov 7, 2023 · The global shipping industry has been mired in a freight recession this year and the challenging economic conditions will continue into 2024, according to a new CNBC Supply Chain Survey. Get instant access to over 1,500 reports. 4% between 2023 and 2025. Feb 29, 2024 · NEW YORK (February 29, 2024) – The container shipping industry showed resilience in 2023 amid continued waves of disruption, with financial health strengthening even amid declining revenues, revenue pressure, geopolitical strife, and challenging capital markets, according to AlixPartners’ 2024 Container Shipping Outlook. That was among the messages from Hamburg-based Hapag Jun 28, 2023 · Global shipping outlook: It’s all about capacity as the tide turns. The pace of change promised by accelerating decarbonisation timelines will fundamentally alter the competitive landscape of shipping and spells significant risk for businesses currently assessing strategic investments</p> Feb 4, 2021 · The medium-term outlook for tanker shipping until 2025 looks promising with a more balanced demand-supply equation, support for demand activity and better earnings, according to a latest report by Apr 27, 2022 · Market outlook for shipping volume weakens as war weighs on the economy. The major problem is the port and hinterland congestion tying up these assets for far too long. A changing world requires new insights, new analysis, and new approaches. e. The outlook for the Singapore cargo shipping market remains promising, driven by its strategic location as a global trade hub and a key player in the maritime industry. Global emissions from international shipping are expected to reach 709 million metric tons of CO2 in 2025. The IMF additionally presents a worst-case Customer information. Despite continuing low freight rates, there should be a gradual improvement ahead as the world industrial growth picks up and the growth rate of the cargo fleet slows. In an interview with SCMR, Blaeser recommends that supply chain managers begin to consider this checklist before entering into new carrier negotiations: Negotiate freight rates using a clear, fair fuel Dec 18, 2023 · China alone received 49 percent of all shipbuilding orders in 2021, making it a global shipbuilding powerhouse. Jan 3, 2022 · According to Chu, 2021 was the best year for container shipping on record “but we think that 2022 will be materially better. 6bn, that it had announced in November. The two shipping sectors hit the hardest were those most directly concerned with personal mobility and cross-border movements, i. S&P Global warned there will be significant effects by 2024 as shippers will need to adjust to a significantly changed environment. Fitch’s Sector Outlook: Stable Fitch Ratings has revised its global shipping sector outlook to stable, reflecting improving fundamentals for container shipping and dry bulk, albeit a relatively weak tanker segment. To Oct 17, 2023 · The Global Shipping Industry - Demands, Challenges, and the Future Outlook. 0% in 2024. by Editor. In 2018, the International Maritime Organization (IMO) had already set the target of reducing emissions by 2050 to a level at least 50% lower than in 2008. 0% and 4. Jan 5, 2023 · In the second part of our 2023 shipping market outlook series we are focusing on the container sector with Maritime Strategies International (MSI) analyst Daniel Richards. Nov 28, 2023 · Container. com. Our forecast therefore predicts that the weakening that began in 2022 and took hold in 2023 will continue also in 2024 and 2025,” read the international shipping association’s report. +44 20 3530 1728. However, under the IEA Sep 5, 2022 · Now, we assume container freight rates will continue to decline to an average of $4,000-5,000 per box (FEU) in 2023 from an average of $7,000 per box (FEU) in 2021-2022. Global shipping outlook for 2023. 5 percentage points faster than the total volumes in both 2023 and 2025 but in line with total volumes in 2024. 1. Apr 26, 2022 · Market outlook for shipping volume weakens as war weighs on economy. Contacts: Raman Singla. Raman. Shell LNG Outlook 2024. But the Mar 4, 2024 · CMA CGM and Folk Maritime partner on upgraded service. 0% in 2024, which will continue to be a primary driver of container market demand. Moller-Maersk A/S expects shipping markets to remain tight at least into the first quarter with global container demand set to grow faster than previously expected. Dec 7, 2022 · Global Shipping Outlook 2023. P. 9% in 2023 and 2. Efficiency : We believe that much of the reduced mainland Chinese port congestion level in Panamax and Capesize, along with weaker cargo arrivals, was one of the major reasons Jul 7, 2021 · Global Trade Outlook 2021. Jul 4, 2023 · Global shipping outlook: It’s all about capacity as the tide turns. This report is for subscribers only Start with a FREE 30-day trial and then save up to 22% with an annual subscription. Feb 5, 2024 · A Global Logistics Outlook for 2024. 10, 2010 9:17 AM ET BALT-OLD, AMKAF, One of the main indices for shipping activity is the Baltic Dry Index (BDI), the “dry” here Oct 12, 2022 · Container freight rates are expected to hit a trough in mid-2023 forecasts HSBC Global Research as spot rates fall at 7. December 2019, ocean freight rates from Shanghai to USWC tripled from average $1,500/40hc levels to $4,500+ levels. Reading Time: 1 min read. Wed 07 Dec, 2022 - 8:09 AM ET. ing. Dec 8, 2023 · According to Fitch Ratings, an American credit rating agency, its "Global Shipping Outlook 2024" made similar predictions highlighting a “deteriorating outlook for the shipping sector”. Dec 4, 2023 · “Supply is forecasted to grow at an average annual rate of 8. When it comes to the global freight industry, the one thing that’s been predictable over the past few years is the lack of predictability. The increase was a significant surprise, especially as it came just a few months after LNG exports were lowered to balance the market in light global conditions, resulting in record lows of $1. Trade growth will be limited, but longer distances are a mitigating note and LNG shipping will benefit. The shipping industry encompassing the marine, air, railways, and freight is a significant contributor to the global trade arena for goods and services. 5 billion in 2021. The post Container shipping outlook 2024: Rising risk MarineTraffic Live Ships Map. 1% jump in July. While the revised emissions reduction targets recently announced by the International Maritime Organization (IMO) are now in line with the goals set out in the Paris Agreement, legally binding measures for the implementation of the revised strategy will be needed to steer the maritime shipping sector Comprehensive global outlook of near- and long-term trends including a specialized report on floating regasification; Shipping: Timely analysis of changing market conditions; Shipping Calculator: Interactive dashboard allows users to fully customize the assumptions to calculate round trip shipping rates for any combination of export and import Jul 31, 2023 · The demand for container shipping is closely linked to economic growth. This report examines factors that influenced shipping markets in 2022 and provide insights as to what we can expect over the next 11 months. 2 years ago. 0%-3. 08 billion by 2027, registering a CAGR of 4. Aug 29, 2023 · Understanding these dynamics is essential for businesses, policymakers, and stakeholders to navigate the complex landscape of global shipping. After more than two years of record-high freight rates and historic disruption driven by pent-up consumer demand during and in the wake of pandemic-related lockdowns, the ocean transportation market has taken another 180-degree turn. With Saudi Arabia and other OPEC+ countries having reduced global oil production, more Ocean Freight Market Outlook March 2024 Economic & Demand Outlook • According to IMF global economy projected to grow by 3. 12% during 2022 Sep 5, 2023 · DOWNLOAD THE HIGHLIGHTS AS A PDF. 5 percentage points. Trade growth will be limited, but longer distances are a mitigating note and LNG shipping will benefit Mar 14, 2024 · S&P Global Research Council. This makes capacity discipline paramount for container liners, but that won’t be easy with increasing competitive Jan 2, 2024 · EU Emissions Trading System. We expect shipping to post a stronger second half of 2023 once consumer spending on goods picks up alongside a normalisation of spending patterns and reduced Jan 31, 2024 · January 31, 2024. Fri 01 Dec, 2023 - 12:33 PM ET. signla@fitchratings. Apr 4, 2022 · As 2022 begins, the container shipping supply chain remains in the deepest crisis it has ever seen. He tells the Seatrade Feb 21, 2023 · Shipping outlook 2023 report. That is, cargo development is weak while capacity is presently the most significant facet to watch. 0% in 2023 and between 3. As the year begins, we remain in the midst of the most severe crisis in container supply chains going back to Malcom McLean, who founded the container shipping industry in the late 1950s. Mar 10, 2010 · The Global Shipping Outlook: Stormy Seas Ahead? Mar. Nov 2, 2021 · A. Dec 7, 2023 · Next year, U. Global container shipping outlook: pressure mounts amid flood of new capacity. After a double-digit bounce-back beyond pre-pandemic levels, we expect headwinds to leave trade growth limited between 1% and 2%, in our base case. After over two years of record-high freight rates and historic disruption, 2023 has began with most industry stakeholders expecting a mixed bag for the various shipping segments. Director, Corporates. Tue 01 Dec, 2020 - 5:22 AM ET. 70 billion in 2019, and is projected to reach $12. The container shipping In 2022 international shipping accounted for about 2% of global energy-related CO 2 emissions. wm cg vz lg xx fg yq yt tt bg