- Significant weakening of the underlying supply/demand balance with more downsides than upsides.
- Freight rates, time charter rates, and second-ship values all under pressure throughout 2023 and 2024.
- Head-haul and regional trade demand growth of 1-2% in 2023 followed by 5-6% in 2024. Negative y/y growth through the first half of 2023 but return to growth thereafter.
- Risks remain and in our downside scenario we instead estimate growth of 0-1% and...
https://mfame.guru/supply-outpaces-demand-but-demand-recovers-in-2023s-second-half/