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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 Monday, February 6, 2017

Commentary: All that glitters

Chris Dupin, maritime and intermodal editor of American Shipper, examined the importance of protecting high-value parcel deliveries, using the outcome of Golden Hawk Metallurgical’s case against FedEx for the loss […]

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Chris Gillis Monday, February 6, 2017

FMC reviews 7 OTI license applications

   The U.S. Federal Maritime Commission has received seven ocean transportation intermediary license applications and changes for review.    The FMC received a non-vessel-operating common carrier/ocean freight forwarder license application from U.S.A. […]

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Chris Gillis Monday, February 6, 2017

FMC reviews 7 OTI license applications

   The U.S. Federal Maritime Commission has received seven ocean transportation intermediary license applications and changes for review.    The FMC received non-vessel-operating common carrier/ocean freight forwarder license applications from […]

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FreightWaves Staff Friday, February 3, 2017

SCFI falls 0.6%

The Shanghai Containerized Freight Index, an estimate of spot rates published each Friday from Shanghai to 15 regions around the world, fell 0.6 percent since last Friday to a reading […]

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