This report provides an analysis of structural and cyclical changes affecting seaborne trade, ports, and shipping, as well as an extensive collection of statistics. In 2023, carbon emissions from international shipping were 20 per cent higher than ten years earlier. As the maritime industry embarks on this complex transformative journey towards decarbonization, it must do so while sustaining economic growth. At the same time, world shipping fleet growth is slowing down, and the average age of the world fleet is increasing. Alternative fuels are not yet available at scale and are more costly, and the ships that can use them […]