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Review of Maritime Transport 2014

image of Review of Maritime Transport 2014

As in previous issues since 1968, the 2014 Review of Maritime Transport contains a wealth of analysis and unique data. The Review is the renowned United Nations source of statistics and analysis on seaborne trade, the world fleet, freight costs, port traffic and the latest trends in the legal and regulatory environment for international maritime transport. This year’s Review includes a special chapter on maritime transport challenges for Small Island Developing States (SIDS), covering issues such as the impact of climate change, port investment, shipping connectivity and transport costs.

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Maritime transport in small island developing states

Small island developing States are small in area, in population and in economy. Smallness is a factor of vulnerability in different ways. It very often implies a small domestic market and a narrow resource base for export opportunities, with limited agricultural or mineral production or manufactures, leading to a high share of imports in GDP. Transport costs of SIDS trade are comparatively high because small volumes of trade have to travel long and indirect routes to reach distant markets. As open and small economies, SIDS are also vulnerable to global economic and financial shocks. Furthermore, most SIDS are vulnerable to natural hazards, because they are located unfavourably in relation to global weather systems and in areas prone to strong weather events, including those associated with the foreseeable impacts of climate change.

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