Expect higher trade costs, slower growth and more volatility, says Unctad
- Seaborne trade is slowing and set to grow just 0.5% this year, then 2% annually until 2030
- Geopolitics is reshaping routes, adding costs and increasing volatility
- IMO Net-Zero Framework has the power to reshape the industry, but it remains unclear whether it will be adopted
Unctad’s annual assessment of maritime trades argues that the shipping sector has entered unchartered waters and should expect years of volatility, disruption and higher costs, driven by geopolitical instability and trade policy uncertainty
