THE global shipping industry should achieve a more balanced supply and demand environment across the global shipping market entering Q4, AP Moeller-Maersk said in its latest Asia Pacific market update, reports New York's Seeking Alpha.

The report cautioned that "the overall situation is still fragile with potential disruptions from a looming US port strike and the continued Red Sea situation."
Maersk said global container volumes rose 6.6 per cent Y/Y in Q2, highlighted by import gains of 10.5 per cent and 15.6 per cent to North America and Latin America, respectively, while Intra-Asia trade increased 9.6 per cent.
Exports from the Far East region improved 8.6 per cent, while outbound traffic from the US and Europe lagged at 2.4 per cent and 0.4 per cent, respectively.
Separately, Maersk said it is experiencing substantial delays in vessel schedules between East Asia and the Mediterranean due to significant port terminal congestion.
"These congestions have resulted in extended waiting times at various ports, impacting our ability to maintain regular schedules," the company said in an advisory to customers," the company said.

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