Review of Maritime Transport 2018

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The Review of Maritime Transport is an UNCTAD flagship publication, published annually since 1968 with 2018 marking the 50 year anniversary. Around 80 per cent of the volume of international trade in goods is carried by sea, and the percentage is even higher for most developing countries. The Review of Maritime Transport provides an analysis of structural and cyclical changes affecting seaborne trade, ports and shipping, as well as an extensive collection of statistical information.



Structure, ownership and registration of the world fleet

After five years of decelerating growth, world fleet expansion increased slightly in 2017. A total of 42 million gross tons were added to the global tonnage in 2017, equivalent to a modest 3.3 per cent growth rate. This performance reflects both a slight upturn in new deliveries and a decrease in demolition activity, resulting from optimistic views among shipowners given positive developments in demand and freight rates. The expansion in ship supply capacity was surpassed by faster growth in demand and seaborne trade volumes, altering the market balance and supporting improved freight rates and earnings.


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