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Maritime Transport 2023
February 27 , 2024
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- 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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