From 2023-2025, sea freight operations will see improvements due to a better global and Thai economy, sustained income from freight charges, and slow growth in new ship supply.
In April, China’s industrial output grew by 3.9 per cent, retail sales fell by 7.5 per cent and fixed asset investment fell by 10.3 per cent, suggesting an uneven recovery. Data suggests demand weaknesses remain, while for industrial engine overseas shutdowns will hamper growth before long.