The United Nations Conference on Trade and Development (UNCTAD) has released its latest Review of Maritime Transport, which aims to foster the transparency of maritime markets and analysing relevant developments.
This year’s report discusses the multifaceted challenges facing maritime transport today. It provides insights into current trends and the outlook for maritime transport and trade. It discusses how maritime trade is being upended by disruptions including in maritime chokepoints. It examines the implications for the shipping fleet which delivers international trade and is at the front line of vessel rerouting. It analyses the implications of soaring shipping rates on consumer prices, and how this particularly affects the GDP of SIDS and LDCs.
Additionally, it outlines how port performance monitoring, measurement and reporting can gauge the pulse of the maritime sector and support the Sustainable Development Goals, including those related to gender equality and women’s empowerment. The importance of transport and trade facilitation across ports and hinterland connections for sustainability, efficiency and resilience is emphasized.
Read the report: Review of Maritime Transport 2024