What the Ship (Ep 90) | Review of Maritime Transport 2023

TL;DR

The United Nations Conference on Trade and Development has released its annual review of maritime transport for 2023, discussing trends and developments in the shipping industry.

Transcript

on this week's what the ship the United Nations conference on trade and development has issued their annual review of Maritime transport 2023. I'm your host Sal Mercado welcome to today's episode so this week we're looking at the review of Maritime transport 2023. it was just World Maritime day I can't think of any way better to celebrate World Mar... Read More

Key Insights

• ™️ Maritime trade is contracting in 2022 due to the impact of COVID-19.
• 🅰️ Dry bulk is the most common type of goods shipped by tonnage, followed by oil and containers.
• 🛢️ The distance traveled by sea for refined oil products, crude oil, and grain has increased.
• 🇨🇳 China, Japan, and Korea are dominating shipbuilding, with China on the rise.
• ⬛ Liberia is the largest registry in the world, while Greece is the largest ship owner.
• 👟 Asia is leading in cargo handling performance and container port connectivity.
• 😠 The shipping industry is facing challenges with decarbonization and regulatory measures.
• ⛽ Alternative fuels, such as LNG, are being increasingly adopted by the shipping industry.

Questions & Answers

Q: What is the current trend in international maritime trade?

Currently, there is a contraction in international maritime trade, with a decrease in the amount of goods being shipped globally, mainly due to the impact of COVID-19.

Q: What are the most common goods shipped by tonnage?

Dry bulk, including grain and ore, is the most common type of goods shipped by tonnage. This is followed by oil, containers, and other dry goods like gas and chemicals.

Q: Why is the distance traveled by sea for refined oil products, crude oil, and grain increasing?

The distance traveled by sea for these goods is increasing due to factors such as increased production in different regions and the use of larger bulk carriers. This trend has been ongoing since the early 2000s.

Q: How is the containerized trade sector performing?

The containerized trade sector saw a slight dip in 2022, but it is projected to recover and see moderate growth in 2023. However, the growth rate is slower compared to the early 2000s and immediate post-recession period.

Key Insights:

• Maritime trade is contracting in 2022 due to the impact of COVID-19.
• Dry bulk is the most common type of goods shipped by tonnage, followed by oil and containers.
• The distance traveled by sea for refined oil products, crude oil, and grain has increased.
• China, Japan, and Korea are dominating shipbuilding, with China on the rise.
• Liberia is the largest registry in the world, while Greece is the largest ship owner.
• Asia is leading in cargo handling performance and container port connectivity.
• The shipping industry is facing challenges with decarbonization and regulatory measures.
• Alternative fuels, such as LNG, are being increasingly adopted by the shipping industry.

Overall, the annual review of maritime transport provides a comprehensive analysis of trends and developments in the shipping industry, covering various aspects such as trade, fleet, ports, and regulatory issues. It highlights the impact of COVID-19, the growth of certain sectors, and the challenges and opportunities facing the industry in the future.

Summary & Key Takeaways

• International maritime trade is contracting in 2022, with a decrease in the amount of goods being shipped globally, largely due to the impact of COVID-19.

• Dry bulk is the most common type of goods shipped by tonnage, followed by oil, containers, and other dry goods like gas and chemicals.

• The distance traveled by sea for refined oil products, crude oil, and grain has increased, indicating a trend of shipping goods over longer distances.