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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 Gillis Sunday, October 20, 2013

Weights and measures

   Shippers are a diverse group, and they can’t be expected to agree on everything.    Still, we are surprised by the reception a proposal by the International Maritime Organization […]

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Chris Dupin Sunday, October 20, 2013

New ‘Class A’ real estate

Proximity to transportation hubs prime criteria for CenterPoint.    Paul Fisher, chief executive officer of real estate development company CenterPoint Properties, recalls traditionally his peers would look at a new 33-foot […]

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Chris Dupin Sunday, October 20, 2013

RoadOne accelerates

Intemodal firm sees growing demand for drayage services from shippers.    RoadOne IntermodaLogistics, formed earlier this year through the purchase of the former RoadLink transportation division, sees increased demand for drayage […]

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Chris Dupin Sunday, October 20, 2013

Elephant in the room

By Tom Nightingale    The great management scholar Peter F. Drucker wisely stated, “The purpose of business is to create and keep a customer.” There are two equally important sides […]

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Chris Dupin Sunday, October 20, 2013

Offshore ports

   Ports worldwide — including those in the developing markets with their vast mineral resources to export — have a need to accommodate larger ships. However, the cost to build […]

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Chris Gillis Thursday, October 17, 2013

Green Marine, AAPA collaborate

   Green Marine, a voluntary marine industry environmental improvement initiative, and the American Association of Port Authorities signed a memorandum of understanding underscoring a new collaboration to advance the environmental […]

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Chris Dupin Thursday, October 10, 2013

Unifeeder to use Eurogate as hub

   Unifeeder, a major European feeder and short-sea operator, will consolidate its short-sea transport operations through the Eurogate terminal in the Waltershof section of Hamburg, Germany.    “Many of Unifeeder’s customers, […]

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Chris Dupin Wednesday, October 9, 2013

ARC expands in Atlantic

   American Roll-on Roll-off Carrier (ARC) said it is expanding its Atlantic Service through the addition of a fifth U.S.-flag ro-ro vessel, Freedom.    ARC said it will add regular […]

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Chris Dupin Monday, October 7, 2013

UASC ship design optimized

   DNV-GL, the classification society formed last month through the merger of Det Norske Veritas and Germanischer Lloyd, said its FutureShip has collaborated with Hyundai Heavy Industry to optimize the […]

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