Recently, the United Nations Conference on Trade and development (UNCTAD) released its latest global maritime development report, review of maritime transport 2019, which reviews the supply and demand, macro external factors, port performance, emerging technology impact and other aspects of each branch market of shipping, as well as the future development of shipping industry Hope.
This year’s most authoritative and comprehensive report mentioned in particular that due to the conflict of trade policies, geopolitics and sanctions, environmental problems, fuel economy and other reasons, the growth of global commodity trade slowed down. This further makes the global maritime transport face a difficult situation of declining growth of maritime trade.
Global maritime trade growth slows down in 2018
In 2018, the growth of international maritime trade shows a weak state, which also reflects the current situation of insufficient power in the world economy and trade activities. The volume of trade in 2018 increased from 4.1% in 2017 to 2.7%. The slowdown has affected almost all related industries, and the growth rate of containerized global port throughput has dropped to 4.7% from 6.7% in 2017.
The total volume of trade is the highest in history
Of course, despite the slowdown in growth, the absolute value of global maritime trade in 2018 still rose, reaching a record 11 billion tons. Of course, many positive factors also ease the pressure of the above-mentioned maritime trade
Maritime trade will be reshaped
The slowdown in global economic and trade growth is likely to make the slowdown in maritime trade a “new normal”. The trends brought by this new normal include: trade regionalization reshapes supply chain, science and technology and services occupy a more important position in value chain and logistics, natural disasters and climate related impacts are more frequent, and the accelerated implementation of environmental sustainability policies under the influence of global climate warming, etc., all of which reflect that the industry is actively responding to changes.
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