United Nations Conference on Trade and Development (UNCTAD)

Global trade records US$7.7 trillion in 2022 first quarter

The value of global trade increased by approximately US$1 trillion in the first quarter of the year, reaching US$7.7 trillion compared to the same period last year, according to United Nations Conference on Trade and Development (UNCTAD).

The growth, which represents an increase of about US$250 million from the immediately preceding quarter, is driven by higher commodity prices as trade volumes have increased to a much lesser extent.

UNCTAD said that though expected to remain positive, trade...

https://container-news.com/global-trade-records-us7-7-trillion-in-2022-first-quarter/

United Nations organisations call for further action to address seafarer crisis

Four United Nations (UN) bodies including the International Labour Organization (ILO), the International Maritime Organization (IMO), the United Nations Conference on Trade and Development (UNCTAD) and the World Health Organization (WHO) have called for continued global collaboration in order to end the seafarer crisis that at times during the Covid-19 pandemic has left more than 400,000 of them stranded at sea.

In a joint statement issued on 28 February, the four organisations stated that new...

https://container-news.com/united-nations-organisations-call-for-further-action-to-address-seafarer-crisis/

Digitalisation to support shipping industry in accidents decrease and investigation

As the digital transformation of the shipping industry is no more a theory, but a reality, it is important to see how new technologies and digital systems have helped in reducing the number and the severity of shipping accidents, as well as the post-incident investigation processes.

“The optimisation of transport operations has been shown to lead to a decline in accidents at ports and at sea, reduce pollution and emissions and generally help minimise negative externalities and streamline the...

https://container-news.com/digitalisation-to-support-shipping-industry-in-accidents-decrease-and-investigation/

UNCTAD relegates climate change in global trade report

The United Nations Conference on Trade and Development (UNCTAD) believes that the Covid-19 pandemic has exposed the fault lines in global supply chains and has called for co-ordinated action to meet the new challenges. But the report fails to recognise climate change as a critical issue that will require co-ordinated cross-border efforts to deal with global warming.

Instead, climate change is relegated to UNCTAD’s sixth policy measure for preparing for major supply chain disruptions. In its...

https://container-news.com/unctad-relegates-climate-change-in-global-trade-report/

How Covid-19 is changing the world: A statistical perspective

The coronavirus pandemic cut global trade values by 3% in the first quarter of this year, according to the latest United Nations Conference on Trade and Development (UNCTAD) data published in a joint report by 36 international organisations.

The downturn is expected to accelerate in the second quarter, with global trade projected to record a quarter-on-quarter decline of 27%, according to the report by the Committee for the Coordination of Statistical Activities (CCSA).

The report is a product of...

https://container-news.com/how-covid-19-is-changing-the-world-a-statistical-perspective/

UNCTAD says maritime transport crucial in battle against Covid-19

As the world battles the coronavirus pandemic, the global maritime transport industry is playing a critical role in the response to the virus, according to United Nations Conference on Trade and Development (UNCTAD).

The International Chamber of Shipping (ICS) sent a letter-call to all governments on 19 March to keep maritime trade moving and UNCTAD marks the high importance of that in the fight against Covid-19.

Dr. Mukhisa Kituyi, Secretary-General of UNCTAD, says “it is more important than...

https://container-news.com/unctad-maritime-transport-industry-covid-19-fight/

Chinese ports dominate the global shipping

The United Nations Conference on Trade and Development (UNCTAD) recently announced the top 10 ports by container volume in a report on global shipping in 2017. The Chinese ports include Shanghai (number 1), Shenzhen (number 3), and 5 more, all in the top 10. Singapore (number 2) and Busan (number 5) were high on the list as well, making it clear that Asian ports are the “core” of global shipping.

The overall volume of containers processed in 2017 increased by 4% in comparison with 2016 and...

http://container-news.com/chinese-ports-dominate-global-shipping/

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