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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 Sunday, March 2, 2014

Folding containers

   Many container trades are lopsided, with great numbers of loaded boxes moving in one direction but not the other.    Such imbalance has led some companies to investigate the […]

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Chris Dupin Sunday, March 2, 2014

New life for old name

SeaLand will be Maersk’s intra-Americas brand.    Earlier this year, Maersk Line announced it would spin off its intra-Americas service into a new independent unit and operate it under the […]

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Chris Gillis Sunday, March 2, 2014

Righting routed exports

BIS wants to clearly define responsibilities for these transactions.    Navigating U.S. export control regulations has always been a tricky task and it’s not uncommon for exporters and their freight […]

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Chris Dupin Sunday, March 2, 2014

Tackling a big case

   Plano Molding designs and manufactures plastic storage boxes, including tackle boxes for fishermen. When it needed steel molds for its Illinois factory it contracted with CMT International, a company […]

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Chris Gillis Thursday, February 27, 2014

Echo buys Comcar Logistics

   Echo Global Logistics has acquired Comcar Logistics, a non-asset-based truckload brokerage based in Jacksonville, Fla.    Founded in 2011, Comcar provides truckload brokerage to a range of customers, primarily […]

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Chris Dupin Friday, February 21, 2014

Contingency planning

Avoiding a supply chain meltdown if West Coast dock labor negotiations sour.    Negotiations between the Pacific Maritime Association (PMA) and International Longshore Workers Union (ILWU) on a contract that […]

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Chris Dupin Sunday, February 16, 2014

Raising hackles

Ocean transportation intermediaries question FMC’s push for new regulations.    The U.S. Federal Maritime Commission is continuing its review of proposed changes for regulating ocean freight forwarders and non-vessel-operating common […]

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Chris Dupin Sunday, February 16, 2014

All for one, one for all

   In December, Jim Newsome, president and chief executive officer of the South Carolina State Ports Authority, suggested ports may respond to the planned P3 Network of Maersk, Mediterranean Shipping […]

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Chris Dupin Thursday, February 6, 2014

Ports America refinances

   Ports America Companies said it had refinanced debt facilities of both Ports America, Inc., (PAI) and MTC Holdings, Inc., (MTC) into a single, unified capital structure.    The refinancing […]

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