Maritime Trade in Transition
Trade patterns will be redefined over the next decade as the combined effects of the fourth industrial revolution (artificial intelligence, robotics, the internet of things, 3D printing and digitalisation), shifting global demographics, emerging non-OECD middle class, decarbonisation of industry, climate change and many other factors disrupt everything we know about economic growth, from labour markets to trade relations.
Latest From Political and Trade, Political Risk and Trade, Market Outlooks, Annual Outlook & Mid-Year outlook
The International Maritime Organization will likely finalise its short-term GHG emissions measure in 2021; but it is the European Commission that will step forward with a market-based measure proposal that could alter maritime regulations as we know them
The coronavirus pandemic has exposed shipping market weaknesses, yet resilience within each sector reveals an industry inching its way towards new solutions
The coronavirus disruption means major decisions have been put off or delayed — and the rest of the year is unlikely to change that
Current economic developments will have a major impact on seaborne trade, with volumes in 2020 forecast to fall by 3% compared with 2019, representing the first year-on-year decline since 2009
The implementation of the sulphur cap and an impending decabronisation measure — either from London or Brussels — will dominate next year
The macro trends driving our data forecast point to geo-political and environmental challenges in the short term, but more energy commodities to ship in the short-to-medium term
Will a period of uncertainty and volatility in 2019 force the industry get back to basics and manage risk more effectively in the coming year?
More than half of the respondents in a survey that prefaced the Outlook Forum said fuel technology will be a greater challenge over the next five years than regulatory, supply chain digitalisation and change management issues
With strong supply-demand signals, external factors such as Washington’s policy preferences have become the strongest risks to shipping markets
New rulings on the Hague Rules and time-barring of claims for awaiting orders could have profound implications in future shipping operations
A year and a half before the sulphur cap, attention needs to focus on enforcement
Owners face obstacles on the journey to freight recovery as trade growth remains lacklustre
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