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, April 28, 2014

Neovia sale being explored

   Reuters is reporting that Neovia Logistics, formerly Caterpillar Logistic Services, is exploring a sale “that could value the company at more than $1 billion.”    Reuters cites “people familiar […]

Read More »
Chris Gillis Monday, April 7, 2014

OIA Global expands in Brazil

   OIA Global, a Portland, Ore.-based logistics services provider, has opened a new office in Sao Paulo, Brazil.    “Consistent with last year’s acquisition of Bellville Rodair International, OIA Global […]

Read More »
Chris Dupin Sunday, April 6, 2014

TRAC’s drayage foray

CEO Lovetro says chassis pool operator “intent on providing a broader suite of services.”    TRAC Intermodal, the largest chassis leasing company in North America, is looking to enter the […]

Read More »
Chris Gillis Sunday, April 6, 2014

The right call

   The U.S. Federal Maritime Commission made the right call in late March not to block the P3 Network, which Maersk Line, Mediterranean Shipping Co. and CMA CGM plan to […]

Read More »
Chris Dupin Sunday, April 6, 2014

Bigger catch?

Singapore has bold plan to relocate container terminals.    Port planning doesn’t get more audacious than this.    Singapore, home to the world’s second largest container port, is simultaneously undertaking a […]

Read More »
Chris Dupin Sunday, April 6, 2014

Freight first

MarAd’s acting chief says “cargo will create a demand for ships, and ships create a demand for mariners.”      A year after taking charge of the U.S. Maritime Administration, […]

Read More »