Commodity: bdi_asia

The container shipping market is expected to grow by 4.3% during the period (2021-2026). According to industry reports, shipping will remain the largest ton-kilometer contributor globally. Ships will account for more than three-quarters of all freight movement by 2050. Sea voyages account for the bulk of long-distance freight movement, which will continue in the coming years. The current demand curve projects that maritime freight will grow at a compound annual growth rate of 3.6% through 2050. This will nearly triple the volume of maritime trade in 2050.

The Baltic Dry Index (BDI) Asia, which gauges the cost of carrying products around Asia. On the 3rd week of Aug’24, increased by +0.52% compare to the closing index of previous week.

The shipping container market is consolidated. The top 3 companies hold more than 70% market share. Top shipping container suppliers include China International Marine Containers (Group) Ltd (CIMC), Dong Fang International Container (Hong Kong) Co. Ltd, and Maersk Container Industry USA.