🌟10 Must-Know from Container Shipping Outlook H1-2024
🌐 Maritime Industry: Navigating Growth and Expansion in 2024
🌟Follow us: Substack / YouTube / LinkedIn / Instagram / X-Twitter
🔥Greeting Maritime Mavericks,
🚢 The container shipping industry is poised for a strong rebound in 2024. 📈With global container transport volumes projected to rise by 4%, the sector is gearing up for widespread growth across all submarkets. ⚓From fleet expansions to a surge in vessel deliveries, the industry's momentum is undeniable.
🌍As we witness these transformative changes, let's dive in and explore what lies ahead for shipping in 2024! 🚀
🌟Here are the 10 most important takeaways from current sector outlook:
📉 Global Container transport grew by 6.7% in 2021 but dropped sharply to -4.1% in 2022.
🌍 After a slow recovery in 2023, global container transport is expected to grow by 4.0% in 2024, up from 0.5% in 2023.
🚢 In 2025, the growth rate is expected to be 3.1%.
📈 All submarkets within the maritime industry are forecasted to experience growth in 2024
⚓️ The tonnage of container ships on order decreased to 5.3 million TEU by June 2024, down from 7.0 million TEU in June 2023.
📊 The order book-to-current fleet ratio is now at 18.2%, significantly lower than the 2007 peak of 61%.
🚚 A high number of vessel deliveries is expected again in 2024, continuing the trend seen in 2023.
🌐 The global container ship fleet is anticipated to grow by 3.1 million TEU in 2024.
📦 This represents an 11.1% increase in the global container fleet compared to the previous year.
🛠️ Postponed deliveries and scrapping activities will contribute significantly to the fleet expansion in 2024.
For more, become Maritime Analytica 🪙Gold Member for full access to newsletters & exclusive market reports outlined below. Stay with us, stay ahead!
🔮Help shape us! Take our 2-question survey in under 10 seconds! via Survey 🙏
🌐For Industry Reports, Online Courses, Sponsorships, Ads and All Others, e-mail us via info@maritimeanalytica.com