Clarksons Research has come out with a positive read on global shipping trade this year as Chinese demand bolsters the market.
Analyst David Whittaker said: “After a challenging 2022 and despite ongoing economic headwinds, global seaborne trade has swung back into positive territory in 2023 and is continuing to take steps forward.
“China, shipping’s largest market, has been a key driver of firmer trends — by tonnes — this year, while shifting trade patterns at a global level are also boosting tonne-mile demand.”
