Container trade and traffic report – June 2023

After a historical high for container shipping in 2022 which saw unprecedented peaks, we now see declines in double digits in the year-on-year comparisons. Be it carriers reporting their Q1 profits or the US ports reporting about their plummeting import volumes. And now with recession in Germany, we anticipate reduced economic activity as consumer demand for goods and services is expected to drop too. This can lead to decreased imports in Europe, consequently affecting export-dependent economies. Which means, it can result in a slowdown in global trade and contribute to a broader economic downturn. In this report we explore these […]