Shipping Volumes Around The Globe Ex-USA Increase

22 Oct Shipping Volumes Around The Globe Ex-USA Increase

Global container shipping volumes are showing unexpectedly strong growth, suggesting that the year may be better than many speculated, with global container volumes reaching 16 million TEU in four consecutive months.

This sustained high volume is indicative of underlying strength in global demand and trade flows, as global container volumes have increased in all markets excluding the US where volumes are declining.

Whilst this volume underpins optimism about global trade strength and resilience in the shipping sector, if the US slowdown continues and import demand further weakens, this could dampen global momentum, raising the importance that businesses remain cautious of any over-reliance on US demand.

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