I'm looking at the preliminary figures for Q1 2026, and we're seeing a roughly 2.5% increase in global container throughput compared to Q1 2025. This isn't a massive boom, but it's a steady recovery, particularly driven by a stronger-than-expected rebound in consumer demand across Europe.
Trans-Pacific routes also showed consistent activity, although growth was slightly tempered by ongoing inventory adjustments in some North American retail sectors. What's promising is the resilience of intra-Asia trade, which continues to be a bedrock of stability. We're expecting this positive, albeit modest, trajectory to continue into Q2, barring any unforeseen geopolitical shifts or significant economic downturns.