Watch Now

Shipping

Stay Up to Date on the Cargo Shipping Industry
The outbreak of the COVID-19 pandemic had a negative impact on shipping industry growth in 2020. With the world in lockdown, demand for non-essential consumer goods (and the means to ship them) decreased. Shipment of manufactured goods also decreased as factories closed in an effort to slow the spread of the virus. On top of that, China — one of the world’s largest exporters — was at the center of the pandemic, leading several countries to stop trade with the nation altogether.

According to the United Nations Conference on Trade and Development (UNCTAD), maritime shipping industry growth will likely slow or remain flat in 2023, driven by inflation and the ongoing war in Ukraine. For the overall 2023–2027 period, UNCTAD predicts growth at an annual average rate of 2.1%, slower than the previous 30-year average of 3.3%.

Check back here for the latest container shipping news, updates and trends. Looking for additional information and insights? Check out our Maritime Industry News archives.

Chris Dupin Monday, July 28, 2014

Houston dredging begins

   Port Commission Chairman Janiece Longoria said an Army Corps of Engineers report found the minimum net benefits of the improved Bayport and Barbours Cut channels to the U.S. economy […]

Read More »
Chris Dupin Thursday, July 24, 2014

Pirates target small tankers

   The Piracy Reporting Center of the International Chamber of Commerce’s International Maritime Bureau is raising the alarm about an increase in small tanker hijackings.    While the overall number […]

Read More »
Chris Gillis Wednesday, July 23, 2014

Vanguard expands operations in Turkey

   Non-vessel-operating common carrier Vanguard Logistics Services has established Vanguard Turkey Lojistik Hizmetler A.S., providing both import and export less-than-containerload services.    The NVO has provided services in Turkey through […]

Read More »
Chris Gillis Sunday, July 13, 2014

Lean LTL

By changing culture of operations, Con-way Freight expects to enhance competitiveness.    A company can spend millions of dollars on new equipment and systems in an effort to become more […]

Read More »
Chris Dupin Sunday, July 13, 2014

Beckoning flame

Project and heavy-lift carriers see oil and gas equipment cargoes leading recovery.    The outlook for the breakbulk cargo sector, including vessels that carry heavy-lift and project cargo, appears to […]

Read More »
Chris Dupin Sunday, July 13, 2014

Rounding out Oakland

Port, private-sector spending expected to boost rail, warehousing, and agriculture facilities.    The Port of Oakland is planning to spend hundreds of millions of dollars over the next few years on […]

Read More »