A UN organisation has blamed the use of increasingly large vessels for the shipping industry’s worst year since the financial crisis.
Seaborne shipments increased by 2.1% last year – the slowest growth in the industry since 2009 – according to the United Nations Conference on Trade and Development (UNCTAD), which has released its annual review of maritime transport.
UNCTAD’s secretary-general, Mukhisa Kituyi, said: “The push for ever larger ships is at the root of the industry’s problems. There’s just not enough cargo right now to fill the newly acquired, bigger vessels.”
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.