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Review of Maritime Transport 2017

image of Review of Maritime Transport 2017

With over 80 per cent of global trade by volume and more than 70 per cent of its value being carried on board ships and handled by seaports worldwide, the importance of maritime transport for trade and development cannot be overemphasized. The 2017 Review of Maritime Transport presents and discusses key developments in the world economy and international trade and related impacts on shipping demand and supply, freight and charter markets, as well as seaports and the regulatory and legal framework. In addition to relevant developments in 2016 and the first half of 2017, this year’s edition of the Review also features a special chapter on maritime transport connectivity, reflecting the prominence of physical and electronic connectivity as a priority area in the trade and development policy agenda.

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Developments in international seaborne trade

In 2016, the maritime transport sector continued to face the prolonged effects of the economic downturn of 2009. Seaborne trade remained under pressure owing to continued weak global demand and heightened uncertainty stemming from factors such as trade policy and low commodity and oil prices. Moreover, several trends with relevant implications for maritime transport continued to gradually unfold and raise attention, in particular digitalization, the rapid expansion of electronic commerce (e-commerce) and growing concentration in the liner shipping market.

English

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