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Demand

We forecast that cargo volumes will grow 4-5% in 2024 and 3-4% in 2025. Volumes in head-haul trades are expected to grow slightly faster than the average. We have lowered our cargo volume growth forecast for 2024 by 1 percentage point as second quarter volumes for some back-haul trades disappointed... Please follow the link to continue reading.

Supply

Our forecast for fleet growth in 2023 has been adjusted downwards as it appears that more ships planned for delivery in 2023 than expected have been delayed until 2024. In addition, recycling has progressed more slowly than we expected. We now forecast fleet growth of 7.0% in 2023. On the other han... Please follow the link to continue reading.

Supply/demand

So far this year, the fleet and market demand has developed in line with our previous expectations. Recently, time charter rates and freight rates for Chinese exports have, however, shown some upward momentum that we did not expect. The Shanghai Containerized Freight Index (SCFI) covering export spo... Please follow the link to continue reading.

Supply

We forecast that the average monthly fleet will grow 10.1% in 2024 and another 6.7% in 2025. Due to the longer sailing distances around the Cape of Good Hope, average sailing speeds have increased during 2024, and ship supply is therefore growing faster than the fleet. In 2025, our base scenario... Please follow the link to continue reading.

Supply

We have made a minor change to our fleet forecast, as ship recycling has got off to a slower than expected start in 2023. This has changed our fleet growth forecast to 7.3% and 8.0% for 2023 and 2024 respectively. We expect the fleet to end 2024 with 29.8 million TEU after a total of 4.9 million ... Please follow the link to continue reading.