Shipping

Stay Up to Date on the Cargo Shipping Industry
The outbreak of the COVID-19 pandemic had a negative impact on shipping industry growth in 2020. With the world in lockdown, demand for non-essential consumer goods (and the means to ship them) decreased. Shipment of manufactured goods also decreased as factories closed in an effort to slow the spread of the virus. On top of that, China — one of the world’s largest exporters — was at the center of the pandemic, leading several countries to stop trade with the nation altogether.

According to the United Nations Conference on Trade and Development (UNCTAD), maritime shipping industry growth will likely slow or remain flat in 2023, driven by inflation and the ongoing war in Ukraine. For the overall 2023–2027 period, UNCTAD predicts growth at an annual average rate of 2.1%, slower than the previous 30-year average of 3.3%.

Check back here for the latest container shipping news, updates and trends. Looking for additional information and insights? Check out our Maritime Industry News archives.

Chris Gillis Thursday, February 4, 2016

12 member nations sign TPP

The trade ministers of Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam at a meeting in Auckland on Wednesday signed the Trans-Pacific Partnership agreement.

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Chris Dupin Tuesday, February 2, 2016

Comments and Letters: The NVO in Amazon

   A subsidiary of e-commerce company Amazon recently registered as a foreign-owned non-vessel-operating common carrier with the U.S. Federal Maritime Commission, a move that has sparked further speculation that the online retailer is expanding into the transportation business.    Beijing Century Joyo Courier Service Co., Ltd. filed for registration with the FMC on Nov. 9, 2015, […]

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Chris Dupin Tuesday, February 2, 2016

Ocean Transport: Among the anoraks

   I’ve been told train spotters and ship enthusiasts are sometimes called “anoraks” in the United Kingdom, after the coats they wear while waiting to snap photos. I could have used a warmer jacket myself on Dec. 31, the day I went over to the Port of Oakland to see the CMA CGM Benjamin Franklin […]

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Chris Dupin Tuesday, February 2, 2016

Shippers’ Law: $56,766 or $5.89M for lost shipment?

   This liability case emerged from the theft of a shipment of Sandoz pharmaceuticals in 2008.    Exel, Sandoz’s logistics provider, hired motor carrier Southern Refrigerated Transport (SRT) to transport the shipment, but the drugs were stolen in or near Dickson, Tenn.    Exel and SRT had executed a “Master Transportation Service Agreement” (MTSA).    The MTSA provided […]

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