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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 Wednesday, November 21, 2012

Shapiro names Starr CFO

   Baltimore-based freight forwarder and customs broker Samuel Shapiro & Company has appointed C. Walter Starr as its chief financial officer.    Starr joins Shapiro with more than 25 years […]

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Chris Gillis Tuesday, November 20, 2012

Avianca orders 3 more B787s

   Avianca Airlines, Colombia’s flagship airline, has ordered three Boeing 787 Dreamliners, valued at $620 million.    The order brings Avianca’s total 787 order count to 15 Dreamliners, which includes […]

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Chris Dupin Monday, November 19, 2012

Rare case

   Aqua Marine (AM) is a corporation on Nevis in the West Indies that supplies bunker fuel. It initiated arbitration against Garanti Finansal Kiralama (GFK), demanding to be paid for […]

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Chris Dupin Monday, November 19, 2012

Hot commodity

U.S. chemical and plastic exports should expect boost from shale gas.    By Chris Dupin       The boom in U.S. natural gas production is expected to help boost exports […]

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Chris Gillis Friday, November 16, 2012

WorldWide Alliance’s iPad app

   The WorldWide Alliance, a network of neutral non-vessel-operating common carriers, has launched WWA 2.0, its second-generation iPad application.    The upgraded version features a new design and enhanced navigation. […]

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Chris Gillis Wednesday, November 14, 2012

OIA Global acquires ITS

OIA said the acquisition will expand its footprint in the Ohio region and allow for enhanced opportunities for import and export forwarding services, and warehousing and distribution services for its […]

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Chris Dupin Tuesday, November 13, 2012

Riverside acquires MNX

   The private equity firm Riverside Co. has acquired MNX, a provider of expedited transportation and logistics services.    The companies said the change “will provide MNX the ability to […]

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Chris Gillis Tuesday, November 13, 2012

Coolboxx becomes reefer box rental

   Samskip Multimodal Container Logistics, Visbeen Transport Group and Post-Kogeko Logistics said this week that refrigerated container provider Coolboxx has become a rental company.    Coolboxx will exclusively rent 45-foot reefers […]

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Chris Gillis Monday, November 12, 2012

Xpress expands in Mexico

   Chattanooga, Tenn.-based trucking company U.S. Xpress Enterprises will significantly expand its U.S./Mexican cross-border services via two deals.    First, U.S. Xpress will purchase a 90-percent interest in Xpress Internacional. […]

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Chris Dupin Monday, November 12, 2012

Roadrunner buying A&A

   Roadrunner Transportation Systems said Monday that it has acquired A&A Express, a provider primarily of refrigerated truckload services based in Brandon, S.D.    Cudahy, Wis.-based Roadrunner is paying about […]

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