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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.

For the third day in a row, the Baltic Exchange's primary marine freight index—which measures prices for ships transporting dry bulk commodities—saw a decline, falling almost 4.6% to 1,354 points, its lowest level since January 17. The panamax index, which typically carries 60,000-70,000 tons of coal or grain cargo, dropped for the 11th session to a 16-month low of 1,018 points, while the capesize index, which typically transports 150,000-ton cargoes like iron ore and coal, dropped 179 points to a low of 2,133 points over three weeks. The supramax index decreased 9 points to 980 points among smaller vessels. The benchmark index fell 2.4% on a monthly basis and lost almost 12% on a weekly basis.

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.