Shippers worldwide expect supply-chain disruptions this year due to fewer sailings, longer transit time, and strikes by workers in various transport segments, amidst demand-supply mismatches.
The global consumer sentiment is weak due to higher interest rates, tighter monetary conditions, higher energy prices and diversion of more funds for climate change mitigation and adaptation imperatives, higher military expenditure, refugee rehabilitation needs, coping with resurgence of Covid-19 virus, and so on. Any pick-up in the global economy later in the year may perk up the commodity prices but may not boost the demand for container shipping services significantly.
After two years of
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