Quarter 1 – 2021
Whilst the outlook is looking more positive than it has been for some years, recent improvements in market activity are not purely the result of MPP demand growth. Disruption caused materially by the container trades temporarily leaning in on MPP supply availability has created a period of distortion. Carriers therefore on the one hand are enjoying the fruits of new demand, but on the other hand remain cautious of its durability.
The Market Sentiment Index: