Global shipping continues to navigate choppy waters: Global maritime trade review 2023

Maritime trade is projected to grow by 2.4% this year and over 2% from 2024 to 2028. Shipping continues to navigate COVID-19 post-pandemic trends, the legacies of the 2021–2022 crunch in global supply chains, a softening in the container shipping market and shifts in shipping and trading patterns arising from the war in Ukraine. Global shipping continues to confront multiple challenges, including heightened trade policy and geopolitical tensions and is dealing with changes in globalization patterns. Additionally, shipping must transition to a more sustainable future, decarbonize and embrace digitalization. Being at the intersection of these forces will influence how the […]

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