Container Shipping Market Overview & Outlook

In 2023, third quarter volumes performed better than previously predicted. In particular, back-haul and regional trades performed better, so expectations have lifted for the fourth quarter as a consequence of this. The forecast for total full year volumes has therefore risen by 0.5 percentage points. While the growth forecast for all trades in 2024 remains unchanged at between 3% and 4%, we have lowered our forecast for head-haul and regional trades by 0.5 percentage points to between 3% and 4%. Source: BIMCO