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UN warns of dangerous situation in maritime trade
Infrastructure
- 29 November, 2022
- 06:48
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The share of the top 20 carriers in global maritime trade has increased to 91% in 25 years, which could lead to market abuse, the United Nations Conference on Trade and Development (UNCTAD) stated in a report on maritime transport for 2022, Report informs.
Over the past 25 years, the top 20 carriers have increased their market share from 48% to 91%.
The UNCTAD believes this is unjust with reduced supply and higher rates for shippers worldwide.
In addition, it is noted that about 80% of all goods sold are transported worldwide by sea. Between 2020 and 2021, carbon emissions from the global marine fleet increased by almost 5%, the UNCTAD says.
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