Container transport demand is increasing, a bigger part of the idled fleet is being used, the third quarter this year will be good, and the orderbook is shrinking. All good news for the industry, where after several years of overcapacity - which is still weighing the industry down - there are now also signs of demand that could exceed the supply on several routes.
"The winter weakness in the US and still-sluggish demand in Europe has been offset by continued strong demand on North-South trades in the Atlantic basin and improving conditions on the ever-strong intra-Asian trading lanes. Demand-side growth is outstripping supply-side growth now, which is something that improves the fundamental balance in the market. This difference is 1-2 percent, not a landslide change from one day to the next, but a most welcome move in the right direction," says Bimco.
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