Review of Maritime Transport 2018
Seaborne trade expanded by four percent in 2017, the fastest growth in five years, according to its Review of Maritime Transport 2018. Volumes across all segments are set to grow in 2018, with containerized and dry bulk commodities expected to record the fastest growth at the expense of tanker volumes. The 2018 edition of the UNCTAD Review of Maritime Transport comes with a warning: While the prospects for seaborne trade are positive, these are threatened by the outbreak of trade wars and increased inward-looking policies. Escalating protectionism and tit-for-tat tariff battles will potentially disrupt the global trading system which underpins demand for maritime transport.