The inflationary pressure, rising interest rates, and the fears of a possible recession have led to a continued fall in freight rates. However, the shipping industry is poised for long-term growth, particularly in emerging and developing economies.
The S&P Global Market Intelligence expects dry bulk rates to remain stable with limited supply and stable trade growth in the upcoming years. The container shipping market is expected to be valued at $11.40 billion by 2027, growing at a CAGR of 8.6%.
