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Review of maritime transport 2023
October 4 , 2023
419 days
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- The “Review of Maritime Transport 2023” is the latest flagship report released by the UN Conference on Trade and Development (UNCTAD).
- Maritime trade is expected to grow 2.4% in 2023 and more than 2% between 2024 and 2028.
- The industry’s greenhouse gas emissions, which account for 3% of the global total, have increased by 20% over the last decade.
- Without action, emissions could reach 130% of their 2008 levels by 2050.
- The report forecasts a 2.4% growth in the maritime shipping industry for the year 2023.
- Containerized trade is expected to grow by 1.2% in 2023, with further growth projected at 3% between 2024 and 2028.
- Achieving full decarbonization could require annual investments ranging from $8 billion to $28 billion by 2050.
- The infrastructure needed for 100% carbon-neutral fuels may demand annual investments between $28 billion to $90 billion.
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