Story perspectives

Global Shipping Growth Fragile Amid Geopolitical Tensions

9/28/2025

Summary

Story summary

UNCTAD's 2025 Review of Maritime Transport finds global shipping growth fragile, with a 0.5% increase projected.
Geopolitical tensions and new tariffs raise transport costs and extend voyages; container prices on major routes show volatility.
Developing countries, especially Small Island Developing States (SIDS) and Least Developed Countries (LDCs), face higher transport costs; seafarer welfare concerns persist, with record abandonments in 2024 and a Maritime Labour Convention (MLC) amendment.

History

Historical Context

The 2008 global financial crisis led to a 12% decline in shipping volumes, significantly affecting international trade. Developing nations, especially Small Island Developing States, faced increased shipping costs, with tariffs rising by 25%. Today, fragile growth in global shipping reflects ongoing economic challenges and geopolitical tensions, underscoring the need for robust international regulations to ensure sustainable maritime practices.

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Story summary

UNCTAD's 2025 Review of Maritime Transport finds global shipping growth fragile, with a 0.5% increase projected.
Geopolitical tensions and new tariffs raise transport costs and extend voyages; container prices on major routes show volatility.
Developing countries, especially Small Island Developing States (SIDS) and Least Developed Countries (LDCs), face higher transport costs; seafarer welfare concerns persist, with record abandonments in 2024 and a Maritime Labour Convention (MLC) amendment.

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