With the June 2023 demand figures released by Container Trade Statistics (CTS), this is now the 4th month where the global collapse in demand growth can be said to have halted. From a supply chain perspective however, we also need to account for the travelled distances, hence why we prefer to measure demand in TEU*Miles. Even though the demand collapse in TEU*Miles halted in February 2023, it cannot be said to have rebounded, as the growth rate is essentially hovering around zero. (....)