
The United Nations Conference on Trade and Development (UNCTAD) has published the Review of Maritime Transport 2019 study, presenting in it a fall in maritime trade growth. The report highlights trade policy crosscurrents, geopolitics and sanctions, environmental worries, fuel economics and tensions regarding the Strait of Hormuz, all of which have contributed to slower growth in merchandise trade.
World maritime trade lost its momentum in 2018 due to increased uncertainty, rising tariff tensions between the US and China, as well as concerns regarding other trade policy and political crosscurrents. These relate to a no-deal Brexit, which sent waves through global markets, according to UNCTAD’s Review of Maritime Continue reading “UNCTAD Review of Maritime Transport 2019 reveals a fall in maritime trade growth”