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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, October 2, 2012

Brand given IBIA helm

   The International Bunker Industry Association (IBIA) has appointed Capt. Cliff Brand as its new chief executive, effective Oct. 24.    A former head of the Gibraltar Maritime Administration, Brand’s […]

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Chris Dupin Friday, September 28, 2012

Crowley christens new ATB

   Crowley Maritime Corp. christened the 16,000-horsepower tugboat Legend and 330,000-barrel tank barge 750-2 in Tampa, Fla. on Thursday.    The articulated-tug-barge (ATB) will be used to transport petroleum products between […]

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Chris Dupin Thursday, September 27, 2012

All points on the compass

With new intermodal yard  in Decatur, ADM can move containers efficiently in the U.S. and Canada.    By Chris Dupin       Archer Daniels Midland Co., the agriculture giant that advertises itself as “supermarket […]

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Chris Dupin Thursday, September 27, 2012

Delay is not a loss

   In this lawsuit (Channel Fabrics, Inc. v. Hartford Fire Insurance Company. U.S. District Court, S.D. New York.  No. 11 Civ. 3483. Aug. 13.), Channel Fabrics alleged Hartford had improperly […]

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Chris Gillis Thursday, September 27, 2012

Vanguard opens in Danang

   Non-vessel-operating common carrier Vanguard Logistics Services has opened a new office in Danang, Vietnam.    Vanguard Danang was set up with partner, KMG, and will provide freight forwarders with […]

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Chris Gillis Monday, September 24, 2012

Landmark adds management

   Landmark Global, a North American cross-border parcel handler, has appointed Mike Graham to director of business development.    Before joining the firm, Graham held positions at DHL Global Mail […]

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