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Pandemic cuts global maritime trade, transforms industry – new UNCTAD Report

Geneva, Switzerland, 9 November 2020

Global maritime trade will plunge in 2020 due to the unprecedented disruption caused by COVID-19, UNCTAD says in its Review of Maritime Transport 2020, to be released on 12 November.

The report warns that new waves of the pandemic that further disrupt supply chains and economies might cause a steeper decline and the short-term outlook for maritime trade is grim.

Predicting the pandemic’s longer-term impact as well as the timing and scale of the industry’s recovery is fraught with uncertainty.

The report outlines how COVID-19 has sent shockwaves through global maritime transport and laid the foundations for a transformed industry and associated supply chains.

It also provides highlights and figures on maritime transport in Africa, Asia-Pacific, Latin America and the Caribbean regions.

Journalists with access to the UNCTAD virtual newsroom may download the press releases and the new UNCTAD report.

Access to the virtual newsroom requires a password. To obtain one, please fill out this online form.

After the lifting of the embargo, documents related to the report will be available on the main UNCTAD website.

For further information or to request interviews with UNCTAD experts, please contact the UNCTAD Press Office (+41 22 917 5549/8038, + 41 79 502 43 11 or [email protected]).