The limited increase in ship supply driven by the new International Maritime Organization (IMO) regulations is expected to contribute to the recovery of the shipping freight market in the medium and long term, according to S&P Global Market Intelligence.
The analysis shows that while freight rates are expected to return to the pre-pandemic level in 2023, limited active supply growth driven by regulations (demolitions and speed) will likely help the market to recover from 2024 onwards.
“Freight...
https://container-news.com/νew-imo-regulations-to-support-container-freight-market-recovery/