UN eyes modest 2024 maritime trade growth, but future uncertain …C0NTINUE READING HERE >>>
Global maritime trade swelled 2.4 percent in 2023.
Photo: Peter PARKS / AFP
Source: AFP
Maritime trade should show modest growth this year, the UN said Tuesday, warning though that the geopolitical tensions, climate impacts and conflicts shaking global trade are threatening the functioning of maritime supply chains.
The United Nations’ trade and development agency, UNCTAD, highlighted in its annual report on maritime transport that the global economy, food security and energy supplies were at increasing risk due to vulnerabilities along key maritime routes.
“The sector is facing…
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