Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Global seaborne trade expanding at improved 4% rate: UNCTAD

Seaborne trade is expected to grow by 4% this year, the same as in 2017, which was the fastest rate for five years, according to the 2018 edition of the UNCTAD Review of Maritime Transport.

Volumes across all segments are set to grow, with containerised and bulk commodities outpacing tanker volumes, says the report, partly because of ongoing supply-demand improvements.

UNCTAD projects an average annual growth rate in total volumes of 3.8% up to 2023.

“While the prospects for seaborne trade are positive, these are threatened by the outbreak of trade wars and increased inward-looking policies, warned Mukhisa Kituyi, secretary-general of the United Nations Conference on Trade and Development. “Escalating protectionism and tit-for-tat tariff battles will potentially disrupt the global trading system which underpins demand for maritime transport.”

Meanwhile, liner shipping consolidation, technological advances, and climate change policy are key drivers of change in global shipping, says the annual UNCTAD report, a repository of voluminous statistics and now marking its 50th year of publication.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

Category-Promo-ST1088TMSR Web Banners-05.png