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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, September 18, 2012

Koller named CEO of AMI

   Air Menzies International (AMI) has appointed Stephen Koller as chief executive officer.    He will be responsible for growing the air freight wholesaler’s online activities and geographical reach.    […]

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Chris Gillis Monday, September 17, 2012

Watch your step

   Union Pacific Railroad has asked hunters to resist hunting on railroad property this season.    Wildlife will migrate and feed along the edges of freshly harvested fields, making these […]

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Chris Gillis Thursday, September 13, 2012

Inchcape expands in India

   Marine services provider Inchcape Shipping Services (ISS) has opened 10 new offices in India.    The offices are located in Ludhiana, Jaipur, Jodhpur, Nagpur, Kanpur, Ahmedabad, Vadodara, Indore, Hyderabad, […]

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Chris Gillis Monday, September 10, 2012

Rodick named CFO of UTi

   Third party logistics services provider UTi Worldwide has appointed Richard G. Rodick to executive vice president of finance and chief financial officer, effective Oct. 1.    Rodick succeeds Lawrence […]

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Chris Gillis Monday, August 27, 2012

CaroTrans makes appointments

   Non-vessel-operating common carrier CaroTrans has appointed Lueder Bitter to national import operations manager and John Lourmas as national commercial manager of imports.    Bitter is a 30-year veteran of […]

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Chris Dupin Sunday, August 26, 2012

America’s Cup logistics

To meet tight schedules and control costs, managers charter ships, use trains and trucks.    By Chris Dupin       The 2013 America’s Cup race may be the most spectator-friendly in history.    Both […]

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Chris Dupin Sunday, August 26, 2012

Nifty, thrifty ships

   Atlantic Container Line has long had a reputation for going its own way, one that looks to be enhanced with its order last month of five new combination container-roll-on/roll-off […]

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Chris Dupin Sunday, August 26, 2012

ABCs of transportation

   Claitor’s Publishing has recently issued a second edition of Daniel W. Raab’s Transportation Terms and Conditions.    A Miami-based attorney who specializes in transportation issues, Raab told us his […]

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Chris Gillis Sunday, August 26, 2012

Integrated forwarding

   FedEx is already known by shippers for its finely tuned express package service, but now the express giant seeks the same customer recognition for its burgeoning air and ocean […]

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