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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.

After four sessions of declines, the Baltic Exchange's dry bulk sea freight index, which measures prices for ships transporting dry goods, increased 8 points to 1,643 on Friday. After declining for five sessions, the capesize index, which carries 150,000-ton loads like coal and iron ore, increased 6 points to 2,676. The panamax index, which is used for coal or grain cargoes weighing between 60,000 and 70,000 tons, increased by 18 points to 1,375. The supramax index increased 2 points to 1,012, a more than four-month high, among smaller vessels. The main index dropped 2% for the week, while capesize vessels sank almost 7%. The supramax index, meanwhile, increased 9% for the second straight 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.