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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 Thursday, April 25, 2013

Earth of the salt

   This case highlights the importance of clean equipment when carrying ingredients for moving food.    In 2006, Cargill and Ron Burge Trucking entered into a motor transport agreement that […]

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Chris Dupin Thursday, April 25, 2013

Shining on logistics

First Solar counts on carriers, 3PLs to deliver materials safely to project sites. By Chris Dupin    While clouds have been hanging over the solar energy industry in recent years due […]

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Chris Dupin Thursday, April 25, 2013

Chassis crunch

‘The transition continues and there is no turning back.’ By Chris Dupin    Container carriers are continuing the push to reduce the size of their U.S. chassis fleets, but their […]

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Chris Dupin Thursday, April 25, 2013

ECO ships worth it?

Ocean carriers are reaping big savings through slow steaming and using larger vessels, but a Germanischer Lloyd official said significant additional benefits can be realized through adopting improved technology.

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Chris Gillis Thursday, April 25, 2013

CenterPoint CEO to retire

   Paul Fisher, president and chief executive officer of industrial real estate developer CenterPoint Properties Trust, announced his retirement.    Fisher was one of the founders of the company in […]

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Chris Gillis Thursday, April 18, 2013

FMC reviews 5 OTI license applications

   The U.S. Federal Maritime Commission has received five ocean transportation intermediary license applications and changes for review.     The FMC received a non-vessel-operating common carrier license application from Blade Express, Hawthorn, Calif. […]

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Chris Dupin Monday, April 15, 2013

BDP forms Colombia joint venture

   The Philadelphia-based logistics company BDP International has taken an equity position in Interflex, based in Cartagena, Colombia.    The resulting joint venture will operate as BDP International Colombia under its […]

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