Oversupply vs stagnant trade

Oversupply vs stagnant trade
According to industry analysts BIMCO and Drewry, the fundamental issues of oversupply of capacity and weak trade are persisting, even though there have been some small signs and symptoms of development these days.

Drewry mentioned that global container throughput grew simply 0.5 percentage in the first sector of the yr, and did no longer grow at all in Chinese ports. Demand stepped forward a bit in Q2, selecting up to 3.2 percentage boom in China, and a pair of percent on a worldwide basis, however as BIMCO talked about, “international field call for is still struggling to attain a GDP-to-alternate multiplier of 1.”