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

cnl transport logistics news blog

Có thể bạn sẽ quan tâm

Chu Lai port strongly develops bulk import and export services

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.

Long An develops border trade infrastructure

Long An develops border trade infrastructure

Enterprises believe that there should be mechanisms and policies to promote investment in border areas; At the same time, it is necessary to focus on investing in the development of transport infrastructure and smooth connectivity for trade.

Hanoi establishes Logistics Association

Hanoi establishes Logistics Association

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

LC (letter of credit) method - payment by letter of credit

LC (letter of credit) method - payment by letter of credit

The content of the article was expertly advised by Mr. Hoang Thi Le Huyen - Master of Economics of Toulonvar...

CNL delivered Pet Chip to the USA via two breakbulk vessels.

CNL delivered Pet Chip to the USA via two breakbulk vessels.

In april of this year 2022, with trust from customers, CNL Transport handled two shipments of Pet Chip for delivery to the United States.

Warehouses in high demand towards year end

Warehouses in high demand towards year end

Retailers have begun to fill their warehouses ahead of end of year peak sales.

By 2025, the ICD could handle up to 8.7 million tons of cargo.

By 2025, the ICD could handle up to 8.7 million tons of cargo.

By 2025, develop a dry port system capable of approving about 20% - 30% of the demand for import and export container transport with a total capacity of about 6 - 8.7 million Teu / year.

Facilitating exports

Facilitating exports

Quang Ninh province has a developed transportation system, which is a great favorable factor for businesses to expand their markets and promote exports.

Automated palletising system stream lines process

Automated palletising system stream lines process

Tectra Automation has successfully designed, supplied, installed and commissioned a turnkey solution that has simplified the palletising process while increasing...

Opportunities for businesses to increase food exports to Africa

Opportunities for businesses to increase food exports to Africa

Through the implementation of trade promotion activities, most African countries highly appreciate and trust the quality of many food products of Vietnam.