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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.

The main sea freight index of the Baltic Exchange, which measures prices for ships transporting dry bulk commodities, dropped 0.3% to 1,762 points on Friday, capping four sessions of gains that had sent the index to its highest level in more than three weeks. The panamax index, which typically transports between 60,000 and 70,000 tons of grain or coal cargo, fell 2.1% to 1,414 points, marking the 19th consecutive session of declines. In the meantime, the supramax index rose 5 points to 1,318 points, and the capesize index, which normally carries 150,000-ton loads like coal and iron ore, advanced 4 points to 2,851 points. The benchmark index increased 4.2% for the week, marking the best weekly gain since mid-May.

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.