Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Shamika N Sirimanne News

07 Aug 2019

Shanghai Ports Tops in Connectivity

The Shanghai port has topped UNCTAD’s 2019 ranking of the world’s best-connected ports, released yesterday (7 August).The Chinese port garnered a connectivity score of 134 points, followed by the ports of Singapore (124.63 points), Pusan (114.45 points) in Korea and Ningbo (114.35 points), also in China. The index is set at 100 for the best-connected port in 2006, which was Hong Kong, China.Besides the Asian ports, the other ports on the top 10 list are those of Antwerp (94 points) in Belgium and Rotterdam (93 points) in the Netherlands. None of the ports in the top 20 list are from Africa, Latin America, North America or Australasia.“A container port’s performance is a critical factor that can determine transport costs and…

18 Nov 2018

UNCTAD to Push Sustainability into Freight Transport Systems

The United Nations Conference on Trade and Development (UNCTAD) convenes meeting on ways to build sustainability into freight transport systems, including shipping, to boost trade with and between developing countries.According to UNCTAD, governments, shipping companies and trading industries will need to balance economic, social and environmental concerns to achieve sustainability in maritime transport, experts will say at an UNCTAD meeting in Geneva, Switzerland, on 21–23 November.Multi-year Expert Meeting on Transport, Trade Logistics and Trade Facilitation comes just months after the International Maritime Organization (IMO), a United Nations specialized agency responsible for the safety…

26 Oct 2017

Overcapacity Still Weighs on Shipping Industry -Report

Global demand for maritime shipping picked up last year, but the pace was still below the historical 3 percent average and continued to lag behind supply, keeping freight rates and earnings low in most segments, a new UNCTAD report says. The Review of Maritime Transport 2017 says that seaborne trade grew by 2.6 percent in 2016, reaching 10.3 billion tons. Although this was a welcome improvement to the 1.8 percent growth recorded in 2015, the boost in demand was offset by a 3.2 percent increase in the industry's carrying capacity, which reached 1.86 billion dead-weight tons earlier this year. A supply-demand imbalance continued therefore to weigh down industry profits, with the container shipping market, the largest in terms of value, reporting a collective operating loss of US$3.5 billion.

08 Nov 2016

UNCTAD: Seaborne Shipments Reach Record

Seaborne shipments passed 10 billion tons for the first time ever in 2015, up 2.1 per cent from 9.8 billion tons the year before, the UNCTAD Review of Maritime Transport 2016 says, noting that this is the slowest pace of growth in the industry since 2009 and that future growth looks uncertain. Shipping carried more than 80 per cent of the world's goods by volume in 2015, and its slow growth reflects sluggish global trade, albeit with variations in the different sectors. Shipping of oil recorded its best performance since 2008, thanks to low oil prices, ample supply and stable demand. But shipping's overall growth was dragged down by the limited growth of dry bulk commodity trade…