Destabilised maritime chain brought spiral of reactions: UNCTAD
COVID-19’s destabilising effect on maritime supply chains brought a “spiral of reactions” that particularly affected small island developing States (SIDS) and led to global container blacklogs, according to an UNCTAD report.
Gary Howard | Jun 15, 2022
The United Nations Conference on Trade and Development (UNCTAD) published the report “COVID-19 and Maritime Transport” to highlight the challenges faced by the transport and logistics sectors due to the pandemic, measures implemented to cope, and lessons to be learned.
The report details the impact of COVID-19 on various shipping markets, from the initial contraction of trade in early 2020 through the upswing later that year and the longer-term demand recovery thereafter.
Related posts
-
High load Factors Indicate Tight Air Cargo Capacity
Shippers are advised to secure space and create contingency plans due to anticipated air cargo capacity shortages from...
-
New Houthi attacks likely eliminates hope of shipping returning to Red Sea this year
With no attacks on shipping off the Yemeni coast since December — that is, until two strikes over...
-
Global ocean volume in Q3 beat pandemic record: Blue Alpha Capital
Global container shipping hit a record in Q3 2024, moving 47 million TEUs which is 2% higher than...
