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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 Monday, September 30, 2013

Delamode buys John Shirley

   Delamode, a U.K.-based logistics and freight forwarding company, said Friday it has acquired John Shirley Ltd., a specialist freight forwarder in the West Balkans region.     John Shirley has more […]

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Chris Gillis Friday, September 27, 2013

DOT gives $63 million for research

   The U.S. Transportation Department’s Research and Innovative Technology Administration (RITA) has released about $63 million in grants to 33 University Transportation Centers (UTCs) to advance research and education programs […]

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Chris Dupin Wednesday, September 25, 2013

Tubular logistics

   The stainless steel tubing manufactured by the Finnish company Stalatube is used for a variety of applications, such as building structures and facades, machinery to manufacture food and pharmaceuticals, […]

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Chris Dupin Wednesday, September 25, 2013

Scrubbing away high cost fuel

New technology helps shipowners use bunker and still meet sulfur emission reductions.    As 2015 approaches, shipping companies face the possibility of sharply higher fuel costs as regulations require the maximum […]

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Chris Dupin Wednesday, September 25, 2013

Steel and shipping

   When the most recent round of TIGER grants was announced in September, Duluth Seaway Port Authority in Minnesota received $10 million to increase general cargo handling capacity by improving the […]

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Chris Gillis Wednesday, September 25, 2013

Waterfront risk management

   The time is now for American shippers, especially those bringing significant volumes of goods in containers through West Coast ports from Asia, to consider contingency plans if the International […]

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Chris Dupin Wednesday, September 25, 2013

Sweet load gone sour

   Aboiler, manufactured by Babcock & Wilcox for the Indonesian sugar refiner Jawamanis Rafinasi, was shipped by railcar to Coastal Cargo Co. in New Orleans where the plan was to […]

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Chris Dupin Wednesday, September 25, 2013

CSAV raises $330 million

Oscar Hasbún, CEO of the liner carrier, said he was satisfied with the results of the capitalization and noted “it provides strong support for the company from its shareholders and the […]

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Chris Dupin Monday, September 23, 2013

Hapag-Lloyd sells bonds

   Hapag-Lloyd said it had raised 250 million euros (about $337 million) through the sale of bonds to institutional investors.    The bond, which has a maturity of five years, has a […]

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Chris Dupin Wednesday, September 18, 2013

Costa Concordia righted

   Salvage crews righted the  wrecked cruise ship Costa Concordia on Tuesday, more than 20 months after it capsized off the coast of Italy’s Giglio Island.    Crowley Maritime’s Titan Salvage is […]

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Chris Dupin Wednesday, September 11, 2013

ILA to remain in AFL-CIO

The International Longshoremen’s Association will remain an affiliate of the AFL-CIO, and the dockworkers’ union president, Harold J. Daggett, will join four new vice presidents on the federation’s executive council.

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Chris Dupin Tuesday, September 3, 2013

Hapag-Lloyd to Tango

   Hapag-Lloyd said its Brazil Express Loop 1 (BX1) service is being replaced with a new South America East Coast Service (SEC) that will use slots on the so-called “Tango” […]

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