The global shipping industry has been suffering from headwinds like inflationary pressures, resultant high interest rates, increased fuel price and supply-chain disruptions. Despite headwinds, this crucial industry stands to benefit from favorable factors such as the reopening of the Chinese economy since early 2023 and an improvement in the demand for goods and commodities compared to the lows experienced during the pandemic. Global Sea to Sky Cargo Index tracks the performance of marine shipping, air freight and courier, and port and harbour operating companies.