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BIMCO: Container Shipping Market Overview & Outlook December 2024

Supply/demand balance Despite the fastest growth in supply and the fleet since 2010, the supply/demand balance tightened in 2024. Ship demand has increased as 90% of the capacity that normally transits the Suez Canal has instead been sailing via the Cape of Good Hope, significantly increasing both average sailing distance and ship demand. However, fleet …

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Container sector spearheads a bullish year for global shipping

The last 12 months has seen values rise to near-record levels across several sectors of the shipping industry, fuelled by the post-covid shipping boom and a strong newbuild market according to Veson Nautical’s ‘2024 End- Of-Year-Report’. The report states that the newbuild market experienced continued growth, with a notable rise in orders, particularly in the …

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