Analysis: Today’s Global Economy vs. Global Container Shipping
MTS Logistics
SEPTEMBER 8, 2023
For example: The global GDP growth rate for 2021 was 6.02%, a 9.1% This competition can result in landslide of freight rates, making it challenging for shipping companies to maintain profitability. Considering higher capacity, with reduced demand, these tools have barely any impact. increase from 2020.
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