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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 Tuesday, May 21, 2013

Sea Star names Nolan VP

   Ocean carrier Sea Star Line has appointed Tim Nolan to executive vice president.    Nolan has an extensive background in liner shipping, including management experience in Chile, as well as […]

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Chris Dupin Sunday, May 19, 2013

Crusaders or pirates?

   In late April, six Greenpeace protesters boarded the vessel Meister, which was carrying coal from northern Queensland, Australia to South Korea.    “Right now there is no political solution […]

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Chris Dupin Sunday, May 19, 2013

Problem pallets

U.S., Canadian shippers struggle to meet anti-bug rules for cargo platform. By Chris Dupin    Wood packaging material, such as pallets, crates, and dunnage, used to secure freight has been subject […]

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Chris Dupin Sunday, May 19, 2013

Latin attraction

United States expects to bolster trade with South America, hastening liner carrier service changes. By Chris Dupin    In the past month, the Obama administration has been drawing renewed attention to […]

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Chris Gillis Thursday, May 9, 2013

Courier group changes name

   The Messenger Courier Association of America (MCAA) has changed its name to the Customized Logistics & Delivery Association (CLDA).    The rebranding effort was announced today by CLDA president, […]

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Chris Gillis Thursday, May 9, 2013

FMC review 6 OTI license applications

   The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review.    The FMC received non-vessel-operating common carrier license applications from Jolaco International Procurement, […]

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Chris Gillis Wednesday, May 8, 2013

C.R. England adds 2 COOs

   C.R. England has promoted Brandon Harrison and Zach England to the position of chief operating officers.    Harrison will oversee the trucking company’s national, regional, and Mexico divisions and […]

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Chris Gillis Tuesday, May 7, 2013

Catapult opens Hamburg office

   In response to increased demand from Europe, logistics software provider Catapult International has opened an office in Hamburg, Germany.    This expansion complements Catapult’s other offices located throughout the […]

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Chris Dupin Monday, May 6, 2013

Zim adds call in Norfolk

Speaking during a reception for customers held in Elizabeth, N.J., Lea Bogatch-Genossar, president of Zim America, said the company’s Zim Container Service Pacific (ZCP) is adding the Virginia port with […]

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Chris Dupin Monday, May 6, 2013

ACL ship damaged in fire

Atlantic Cartier, one of the combination container-roll-on/roll-off ships operated by Atlantic Container Line in its transatlantic liner service, was damaged last week during a fire in Hamburg. Two hundred firefighters […]

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