TNPSC Thervupettagam

Maritime Transport 2023

February 27 , 2024 334 days 529 0
  • The United Nations Conference on Trade and Development (UNCTAD) has released the Review of Maritime Transport 2023.
  • Greenhouse Gas (GHG) emissions from international shipping were 20% higher in 2023 compared to a decade ago.
  • The shipping industry contributes to over 80% of the world’s trade volume and nearly 3% of global GHG emissions.
  • 8% of the global fleet uses conventional fuels like heavy fuel oil, light fuel oil, and diesel/gas oil.
  • Only 1.2% are using alternative fuels, mainly LNG, LPG, methanol, and to a lesser extent, battery/hybrid.
  • Containerized trade is expected to grow by 1.2% in 2023 and further by 3% between 2024-2028.
  • Oil and gas trade volumes showed vigorous growth in 2022.
  • Early in January 2023, commercial ships were on average 22.2 years old and more than half of the world’s fleet was over 15 years old.

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