World’s largest shipping company MSC is betting on global economy rebound

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Written By Jennifer Joslyn

🚢 World’s largest shipping company MSC is betting on global economy rebound.

Often viewed as a barometer for global trade, Mediterranean Shipping Company is claiming that it expects the ocean container market to grow in late-2023. This claim seems to hang on the view that signs of China’s revamped economy is promising regardless of drop-offs in America and Europe. Inventories are still high in both markets, driving down trade volumes. MSC expects that once inventory cools, freight orders will begin to rebound after the summer months.

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Jennifer Joslyn
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