Tag: UNCTAD

Global trade is set to reach a record $33 trillion in 2024, according to the latest Global Trade Update by UN Trade and Development (UNCTAD).

In its latest report, UNCTAD refers to the current multifaceted challenges facing maritime transport and discusses how maritime trade is being upended by disruptions, including in maritime chokepoints.

Global maritime trade grew by 2.4% in 2023, recovering from a 2022 contraction, but the recovery remains fragile, the United Nations Conference on Trade and Development (UNCTAD) notes in its latest ‘’Review of Maritime Transport 2024 report’’.

In its latest Review of Maritime Transport, UNCTAD explores the current state of supply chain disruptions, the outlook for maritime trade, and presents policy recommendations. 

The United Nations Conference on Trade and Development  (UNCTAD) has published its Review of Maritime Transport 2024 report, exploring key trends that shape the global maritime trade. 

Using datasets from the International Maritime Organization’s (IMO) Comprehensive Impact Assessment (CIA) of mid-term measures, UCL Energy Institute’s Shipping and Oceans Research group has released a new tool which allows users to quickly and easily plot the results for countries of their choice. 

At the world’s first Global Supply Chain Forum (21-24 May), organized by UN Trade and Development (UNCTAD) and the Government of Barbados in Bridgetown, IMO Secretary-General, Arsenio Dominguez, identified decarbonization and geopolitics as key challenges for the maritime industry.

The Legal Committee (LEG) met in person for its 111th session at IMO Headquarters in London (with hybrid participation) from 22 to 26 April 2024. The Committee deals with all legal matters within the scope of IMO, including issues relating to liability and compensation, fair treatment of seafarers and the fraudulent registration of ships. 

According to United Nations Conference on Trade and Development (UNCTAD), success stories from countries like Jamaica, Vanuatu, Rwanda, and Timor-Leste, showcase the diverse benefits, including streamlined processes, cost savings, and environmental sustainability, achieved through the adoption of electronic single windows.

During the 2023 SAFETY4SEA Singapore Forum, Capt. Hari Subramaniam, Regional Head – Business Relations of The Shipowners’ Club, reminded us that the clock is ticking as the industry continues to hurtle towards 2030 where the first waypoint of the IMO GHG strategy will be reached.