Comment / Is the swell in box demand here to stay?

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Yesterday’s release of benchmark Container Trade Statistics (CTS) figures for October suggests something of a bull run in container demand.

That, in turn, indicates the ocean trade enjoys momentum still. Whether it’s set to last or not, it’s a different matter.

Let’s look.

A total of 15.8m teu was transported in October, on the cusp of the traditional peak season, representing a 3.8% increase compared to September’s deflated volume of 15.2m teu. However, it was down 3.6% on October 2023.

Despite the month-on-month increase, ...