Global shipping growth at risk from economic gloom, UNCTAD says

Global shipping growth at risk from economic gloom, UNCTAD says

LONDON: The pace of global shipping activity is set to lose steam next year as economic turmoil, conflict in Ukraine and the impact of the pandemic weaken the outlook for trade, U.N. agency UNCTAD said on Tuesday.

The world's largest investment banks expect global economic growth to slow further in 2023 following a year roiled by Russia's invasion of Ukraine soaring inflation.

This compares with estimated growth of 3.2% in 2021 and overall shipment volume of 11 billion tonnes, versus a 3.8% decline in 2020.

For the overall 2023-2027 period, growth is predicted at an annual average of 2.1%, a slower rate than the previous three-decade average of 3.3%, UNCTAD said, adding that "downside risks are weighing heavily on this forecast".

"The recovery in maritime transport and logistics is now at risk from the war in Ukraine, the continued grip of the pandem ..


 
Ý kiến bạn đọc
Chủ đề liên quan
Có thể bạn sẽ quan tâm

FM Logistic to manage warehouse operations for gro24/7

Third-party logistics provider FM Logistic recently announced a partnership with gro24/7, one of the largest B2B e-commerce platforms in Việt Nam, to provide warehousing and urban logistics services.

Global 3PL logistics growth rate reaches 9%

The global third-party logistics (3PL) market size is expected to grow from $900 billion (2021) to $990 billion this year at a 9.4% CAGR, according to Business Research Company.

Hanoi establishes Logistics Association

On 12/11, Hanoi Logistics Association held the first Congress for the term 2022-2025.

What is FCL/LCL?

An FCL/LCL contract is a mode of shipment by ocean freight, also called “pier/house”. The charger takes the packages in a container and delivers a cargo which is destined for several different recipients. On arrival to the port destination, the packages are separated. They are then put at the disposal of the different recipients or delivered to them.

ProPak Vietnam, Vietwater expos open in HCM City

The 15th Việt Nam International Processing and Packaging Exhibition (ProPak Vietnam) and the 13th Việt Nam International Water Supply, Sanitation, Water Resources and Purification Exhibition (Vietwater) opened on November 9 at the Sài Gòn Exhibition and Convention Centre.

Chu Lai port strongly develops bulk import and export services

After the pandemic, the wave of supply chain shift to Vietnam is opening up opportunities to develop large production areas across the country, including the Central - Central Highlands, leading to great demand for logistics in this region.

Import and export of goods in 2022 may exceed 700 billion USD

The latest statistics of the General Department of Customs show that, by the end of 11 months, the scale of import and export turnover of goods reached approximately 674 billion USD.

Efficiency advances in logistics only accessible with digitalisation

With Vietnam’s logistics industry estimated at $80 billion and with an increase of 14-16 per cent annually, the adoption of digital transformation and automation is expected to drive more efficiency in the sector.

VIMC plans to divest from big seaports

CMSC recommended that VIMC divest capital in seaport enterprises, but only to a 65 per cent ownership rate.

CNL Handled a MAIN TANK about 64 tons to Taiwan.

In November 2022, CNL's Hanoi branch handled a consignment including a MAIN TANK without oil weighing approximately 64 tons. Because this cargo is extremely huge, it is challenging to transport and load the vessel. Besides that, it had shipped 2 containers of OIL LIBRA. The shipment was delivered from a shipper in Hanoi, Vietnam to be consigned to Taiwan on CIF terms. The commodities were loaded on board the vessel from Hai Phong, Vietnam to Kaohsiung seaport, Taiwan.