Global shipping growth at risk from economic gloom, UNCTAD says
  • Trang chủ
  • News
  • 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
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.

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.

Shipping costs gone down to pre-pandemic level

Shipping costs gone down to pre-pandemic level

Freighters have even started accepting small orders at low prices in the hope they may be able to pool them together to make a trip worthwhile.

Laos strengthens regional links, connecting East-West Logistics corridors

Laos strengthens regional links, connecting East-West Logistics corridors

VOV. VN - Attending the workshop were representatives of relevant ministries, departments and agencies, as well as more than 80 enterprises and investors from Vietnam, Laos and Thailand.

Global logistics activities in 2022 and implications for Vietnam

Global logistics activities in 2022 and implications for Vietnam

In the first months of 2022, the global logistics market continues to recover and enters a new phase with the expectation of bringing significant growth for both 2022 and the next period. However, in the face of risks from the Russian-Ukrainian war tensions, the outbreak of the disease in China... is raising the risk of global supply chain disruptions, affecting logistics activities. In the face of complicated developments on a global scale, there are still many difficulties in the short term, requiring logistics businesses and shippers to continue to adjust supply chain and logistics models.

Terms on the bill of lading to know

Terms on the bill of lading to know

Bill of lading (B/L) refers to bill of lading as a freight bill of lading, which is considered as a...

Efficiency advances in logistics only accessible with digitalisation

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.

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...

Logistics industry held back by poor infrastructure, technology

Logistics industry held back by poor infrastructure, technology

Despite its great potential for growth, poor transport infrastructure and high costs are holding back the logistics industry, insiders said.

Local logistics industry aims for green development

Local logistics industry aims for green development

Việt Nam needs solutions to develop green logistics to take advantage of free trade agreements (FTAs), especially new generation FTAs to help the industry develop, support market expansion and promote exports.