Maritime and the Global Economy

Thu, 30 Jun 2022 12:00:00 GMT

The bloodstream of the Global Economy

Shipping is the bloodstream of the Global Economy and supports several important markets, maintaining its status through the law of supply and demand

Shipping has the ability to offer economic and efficient long-distance transport and allows countries to access raw materials, essential for the development of their economies, enables the manufacture and export of affordable goods and products, and has the lowest environmental footprint in the transport segment on a per-ton basis.

As of 2019, the seaborne trade total value of the annual world shipping trade had reached more than 14 trillion US Dollars . This is expected to grow to c. 17 trillion US Dollars by 2030.

- c1 billion tons of goods are transported by ship each year. This represents an impressive 1.5 tons per person based on the current global population.

- For the EU, shipping account s for c. 80% of total exports and imports by volume, and c. 50% by value

Source: International Chamber of Shipping

Industry Insight

test@looka.com — Mon, 19 Jul 2021 11:12:42 GMT

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Maritime and the Global Economy

The bloodstream of the Global Economy

Industry Insight