AJOT Newsroom
| June 12, 2023
| Maritime | Liner Shipping
• 69% of freight forwarders surveyed hopeful of container demand recovery in 2023, out of which only 18% expect demand to appear within 1-3 months
• 51% are “guestimating” without a clear outlook of timeline for container demand bounce back
• Average container prices plummet by up to 82% from 2021 at world’s busiest ports as shippers grapple with Sluggish Demand
• Eurozone inflation, US West Coast labour challenges and Panama Canal drought amongst key challenges for container logistics industry