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Regional liner shipping connectivity falls amid Red Sea disruptions
Jordan + Israel were particularly hard hit
Globalization has not gone into reverse, DHL report says
GCC states buoyed regional performance
Should global economies concentrate trade or diversify?
Shifting trade patterns are expected to converge on two potential pathways, trade concentration vs. trade diversification
Red Sea disruptions increasings risks to global trade, UNCTAD says
Some 586 container vessels have been rerouted away from the Suez Canal in the first half of February
Middle East firms look to boost trade, supply chain resilience, and non-oil economy in 2024
The region is leveraging non-alignment to boost trade with all blocs
Disruptions along major trade routes are rattling the ins. and shipping markets, and risking inflation
Marine ins. are factoring added risk, and shipping rates have increased multiple times along affected routes
Maritime trade volumes set to recover in 2023, UNCTAD says
The sector still needs to meet decarbonization targets, and handle challenges like rising geopolitical tensions and heightened trade policies
Shipping has been on the decline this year, and 2024 doesn’t look much better
Container trade is witnessing a decline in 2023, and is set to inch up 3% y-o-y in 2024
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