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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, January 22, 2013

Transportation transformation

   For many companies, international transportation management has long been an isolated process — where products are shipped to, or received from, far-flung places overseas.    Each successful transportation manager […]

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Chris Dupin Tuesday, January 22, 2013

Akili heel

   The 2nd Circuit Court of Appeals affirmed a district court decision that found a vessel liable in rem for damage to pipe that was shipped in 2006 from China […]

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Chris Dupin Tuesday, January 22, 2013

German powerhouse?

If combined Hapag-Lloyd, Hamburg Süd would be fourth largest container carrier. By Chris Dupin    The two leading German liner carriers, Hapag-Lloyd and Hamburg Süd, said in December they’re discussing a […]

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Chris Dupin Tuesday, January 22, 2013

Nothing to waste

  While precautions having to do with the production of animal byproducts used in feed have increased and trade become more restrictive in recent years because of concerns about “mad cow […]

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Chris Dupin Tuesday, January 22, 2013

Feeding a global market

   Transportation is key ingredient for Fornazor International, an exporter of food products. Close attention to transportation and logistics has been one of the keys to the success of Fornazor International’s […]

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Chris Dupin Thursday, January 17, 2013

Global piracy down

   Piracy on the world’s seas has reached a five-year low, with 297 ships attacked in 2012, compared with 439 in 2011, the International Chamber of Commerce’s International Maritime Bureau […]

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Chris Gillis Tuesday, January 15, 2013

NAMA names new chairman

   The North American Millers’ Association (NAMA), a trade group representing the country’s largest flour shippers, said its vice chairman Jim Meyer has become chairman.    The announcement was made as the […]

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