Further, we will see authorities initiate regulatory changes. The work done by the US administration on a new Ocean Shipping Reform Act is a leading indicator of this trend. We will see regulatory initiatives implemented in various countries, although there is a high risk that such initiatives might have limited effect on the current problems except that they might cause negative side-effects in the medium to long term. Moreover, we will see increased activity among carriers in ordering vessels propelled by carbon- neutral electro fuels. However, the new vessels will only be delivered from 2024 onwards and will continue to have marginal impact in the short term. Finally, we will see MSC become the world's largest carrier ahead of Maersk. Whilst this will certainly draw headlines, it will not have any actual impact as such on the market. Is there anything to be optimistic about if you are a shipper? In one word: Yes. Rates will decline – though not as much as you might want, and not as soon as you might want. We will continue to see new record high levels of cargo being moved globally. Reliability will improve – though not as much as you might want.
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