Seaborne trade: volumes set for significant decline

A new report by analysts by analysts suggests that seaborne trades will decline through to 2050 and the age-old correlation with global GDP growth is increasingly redundant. Signs are that seaborne trade volumes will likely shrink between the 2030s and 2050, and that they will primarily consist of cargo that is more feasible to transport than to produce locally. This suggests a decoupling of seaborne trade volumes and global economic growth