Commodity: bdi_global

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.

With the help of the larger-size category, the Baltic Exchange's dry bulk sea freight index, which measures prices for ships carrying dry goods, increased for a second session on Friday, climbing almost 0.75% to 2,018 points. The supramax index increased by one point, or 0.1%, to 1,269 points, while the capesize index, which usually carries 150,000-ton loads like coal and iron ore, increased 1.8% to 3,296 points for a second day. Conversely, the panamax index, which typically transports 60,000–70,000 tons of grain or coal, dropped 0.9% to 1,644 points, its 13th straight session of fall. The benchmark index had a more than 10% drop for the week, marking its worst showing since June 16.

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.