SHIPPERS BRACE FOR MARKET BOUNCE
Posted on 3rd April 2023 at 18:39
SHIPPERS BRACE FOR MARKET BOUNCE
Containerised cargo volumes moved in the deep-sea container shipping market fell a further 2.5% during the final quarter of 2022, marking the traditionally busiest period of the year as the ‘peak season without a peak’.
Volumes have fallen steadily in the early weeks of 2023 and world trade continues to stumble as economies grapple with persistent inflation and high energy prices, suppressing consumer demand for goods across nearly all economic sectors.
On the demand side, many carriers and service providers are anticipating a recovery in demand in the second half of the year
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