Clarkson sees 3.1pc world container growth in 2009
London's Clarkson Research became less optimistic in February, making cuts in its earlier container shipping growth projections, which resulted in an estimated supply and demand differential of a "highly significant" 9.2 per cent for 2009.
Clarkson said the world container trade grew 5.1 per cent in 2008. After a bad fourth quarter, deeper cuts have been forecast for 2009, with trade expected to expand 3.1 per cent.
This downward revision reflects recently revised global economic projections from the International Monetary Fund, which sees world GDP growth of 0.5 per cent in 2009, down from its earlier estimate of 2.2 per cent.
"With high levels of delivery over 2009, liner supply growth is projected to have reached 12.3 per cent, taking the fleet to 16.1 million TEU. The fully cellular fleet is expected to expand 13.4 per cent to reach 13.8 million TEU at the start of 2010. Liner growth in 2010 is projected to reach 11.7 per cent," said a Clarkson statement.
Clarkson said the world container trade grew 5.1 per cent in 2008. After a bad fourth quarter, deeper cuts have been forecast for 2009, with trade expected to expand 3.1 per cent.
This downward revision reflects recently revised global economic projections from the International Monetary Fund, which sees world GDP growth of 0.5 per cent in 2009, down from its earlier estimate of 2.2 per cent.
"With high levels of delivery over 2009, liner supply growth is projected to have reached 12.3 per cent, taking the fleet to 16.1 million TEU. The fully cellular fleet is expected to expand 13.4 per cent to reach 13.8 million TEU at the start of 2010. Liner growth in 2010 is projected to reach 11.7 per cent," said a Clarkson statement.