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Demand
In our base case scenario, we predict that global container volumes will grow by between 0.5% and 1.5% in 2023, and by between 5.5% and 6.5% in 2024. They will thus reach approximately 185 million TEU in 2024. Volumes in the first half of 2023 will show negative growth as head-haul and regional tr... Please follow the link to continue reading.
Supply/demand
Head-haul and regional trade volumes fell 4.9% y/y during the first half of 2023, 8.0% in the first quarter and 2% in the second. We forecast volume growth of 6.1% y/y during the second half as we do not expect that the markets will see the same unseasonably strong decline as in 2022. Full year volu... Please follow the link to continue reading.
Macro environment
Houthis have continued to attack ships in the Red Sea and the Gulf of Aden. At the time of writing, 62 ships have been attacked and the ship capacity transitting the Suez Canal is 90% lower than last year. The combined volume via the Suez Canal and the Cape of Good Hope is, however, on par with last... Please follow the link to continue reading.
XSI Public Indices - August 2019
XSI Public Indices - January 2023
XSI Public Indices - March 2024
Macro environment
Houthi attacks on ships in the Red Sea continue to severely impact trade lanes that normally transit the Red Sea and the Suez Canal. Transits of the Suez Canal remain 90-95% lower than at the same time last year. Though no resolution is in sight, we have in our base scenario chosen to assume that s... Please follow the link to continue reading.
