Macroeconomic forecasts are cautiously optimistic for 2013, although global growth will continue to be concentrated in emerging
economies
– Containerized trade growth is expected to increase from between 1.5% and 3.6% in 2012E to between 4.5% and 6.1% in 2013F
– Most robust growth is likely to be in the non-mainline East / West, North-South and intra-Asian trades, which collectively
represent ~70% of global containerized trade (without adjustments for the TEU-mile effect); these trades tend to be served by
mid-size and smaller containerships