Watch Now

Shipping

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 Friday, December 21, 2012

TSA fighting rate erosion

TSA Executive Administrator Brian M. Conrad said the 15 liner shipping companies that are part of the discussion agreement “cannot afford another year in which expiring contracts and seasonally weak […]

Read More »
Chris Gillis Friday, December 21, 2012

SDV expands in Norway

   Third party logistics services provider SDV has set up a subsidiary in Norway extending its network to Scandinavia.    “SDV Norway AS is fully integrated into SDV’s global network […]

Read More »
Chris Dupin Friday, December 21, 2012

Two-way street?

   Carriers want a single transpacific discussion agreement. The major container shipping companies in the transpacific want to create a single organization in which they can discuss both U.S. exports and […]

Read More »
Chris Dupin Friday, December 21, 2012

Niche of niches

   Langh develops specialized container for the steel industry. The success of containerization and intermodalism is based on the fact that there are millions of identical shipping containers which can be easily […]

Read More »
Chris Dupin Friday, December 21, 2012

Ups and downs

Weak economy, oversupply of ships, other challenges make 2013 a bumpy year for shippers.    By Chris Dupin       Aweak global economy and continuous deliveries of large new containerships seem […]

Read More »
Chris Gillis Monday, December 17, 2012

Vanguard opens in Myanmar

   Non-vessel-operating common carrier Vanguard Logistics Services has started servicing Yangon, Myanmar.    Vanguard Myanmar, opened with partner Global Consolidators Ltd., has a dedicated Vanguard staff to oversee all aspects of […]

Read More »