Over-inflated retail inventories could contribute to deflating freight markets
Freight markets are expected to soften – not least because of high inventory levels. According to ...
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Forecasting future container shipment volumes is set to get even harder after recent Sea-Intelligence Consulting calculations revealed that the much-venerated relationship between box traffic and GDP trends appears to have been utterly broken.
Reality
“As of August 2023, global demand has a shortfall of 6.8% compared to a growth pattern which would have followed global GDP growth. This is not good for the carriers, which are in the process of taking delivery of a sizeable orderbook,” Sea-Intelligence chief executive Alan Murphy wrote ...
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