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

8 Golden rules when loading and transporting goods by container

8 Golden rules when loading and transporting goods by container

PRINCIPLE 1: CLEAN THE CONTAINER, DEODORIZE BEFORE LOADING THE CONTAINER There are many items that are smelly, and a lot...

Bringing logistics to a position worthy of development potential

Bringing logistics to a position worthy of development potential

With a special geographical position located in the dynamic development region of the world, where the flow of goods is very strong, Vietnam is considered to have geoeconomic strengths that are very favorable to promote production, export and logistics services.

Vietnam Report publishes research on Vietnam's logistics market

Vietnam Report publishes research on Vietnam's logistics market

The ranking of Top 10 prestigious logistics companies in 2022 is built on scientific and objective principles.

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...

Global 3PL logistics growth rate reaches 9%

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.

Logistics and fintech combine to solve Africa’s transport challenges

Logistics and fintech combine to solve Africa’s transport challenges

Key to unlocking value chains, especially in the tech start-up space is the ability of large established corporates to work effectively with small agile start-ups.

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.

Increase the competitiveness of goods from logistics services

Increase the competitiveness of goods from logistics services

The Mekong Delta is the rice, fishery and fruit bowl of the whole country. Therefore, developing a worthy logistics system and improving the competitiveness of key goods of the region in the direction of efficiency and sustainability is essential.

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

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.

Proposal to invest in dry ports in the form of PPP

Proposal to invest in dry ports in the form of PPP

As a later type of development than seaports, but currently dry ports are interested in investing in areas and transport corridors with large container cargo traffic.