Ocean carriers the 'outright financial winners' in a year of unpredictability
2024-12-10 12:12

Ocean carriers the 'outright financial winners' in a year of unpredictability

by Destine Ozuygur
Ocean carriers the 'outright financial winners' in a year of unpredictability

"Indeed, chief analyst at Xeneta Peter Sand told The Loadstar Podcast the “clear outright financial winners” this year had been ocean carriers.

'They went from a disastrous outlook, with loss-making freight rates, to a dream outlook, with subsequent massively high freight rates,' he explained. 

...2024 has so far been a year of steady growth for demand, according to Ti. Global container volumes rose 8.3% year on year in Q3, with North America leading the charge with an 18.2% increase.  

But while North American demand remains strong, European import and export activity has been more subdued, weighed down by the struggles of key European economies."

Read the original story at: The Loadstar

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Source: The Loadstar