
Pandemic looks set to change course for maritime industry
COVID-19 has sent shockwaves through global maritime transport and laid the foundations for a transformed industry and associated supply chains.
COVID-19 has sent shockwaves through global maritime transport and laid the foundations for a transformed industry and associated supply chains.
UNCTAD reiterates its call to authorities to designate seafarers as key workers exempted from COVID-19 travel restrictions.
COVID-19 hit world trade after an already weak 2019, in which global maritime trade lost further momentum as trade tensions continued to bite.
UNCTAD expects maritime trade growth to return to a positive territory and expand by 4.8% in 2021, assuming world economic output recovers.
Generous grant from the Netherlands to UNCTAD’s work on e-commerce and the digital economy will boost Africa-wide ambitions.
UNCTAD estimates show a 5% drop in world trade in Q3 2020 compared to 2019, an improvement from the 19% decline in Q2 but insufficient to pull trade out of the red.
UNCTAD forecasts a 7% to 9% year-on-year drop in the value of global trade for 2020, despite signs of a rebound in the third quarter.
The pandemic has accelerated the shift towards a more digital world. Changes in online shopping behaviors are likely to have lasting effects.
The coronavirus pandemic dealt a severe blow to global merchandise trade. Data from weekly port calls by container ships show early but uneven signs of recovery, according to UNCTAD.
FDI to developing economies in Asia, hit hard by the economic downturn caused by the pandemic, are projected to decline by up to 45% in 2020.
Here's what you can expect from us:
*Maritime Fairtrade newsletter is 100% free, and you can always unsubscribe with one click.