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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 Tuesday, December 11, 2012

Panama Canal 3?

There may be a need for further improvements to the Panama Canal even after the waterway completes its current expansion in 2015, said Alberto Alemán Zubieta, former administrator of the […]

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Chris Dupin Monday, December 10, 2012

ILA-USMX talks resume today

   Contract talks resume today between the International Longshoremen’s Association (ILA) and its employers, represented by the U.S. Maritime Alliance (USMX), in Delray Beach, Fla.    Shipper groups are urging the two […]

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Chris Gillis Thursday, December 6, 2012

Crowley shuffles management

The Jacksonville, Fla.-based carrier made several changes to the senior management in its shipping and logistics businesses and consolidated its commercial marketing, sales, customer care and pricing activities.

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Chris Dupin Wednesday, November 28, 2012

TSA modifies bunker surcharge

The discussion agreement said a consolidated charge will dramatically simplify how inland intermodal fuel surcharges are assessed and collected, and provide customers with greater clarity in forecasting their total freight costs.

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Chris Gillis Tuesday, November 27, 2012

SEKO expands in Africa

   SEKO, a logistics services provider, has opened offices in Uganda and Ethiopia.    The company said this expansion is driven by the strong energy, mining and technology industries in […]

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