UNCTAD : Red Sea conflict adds insult to global trade’s injuries
LONDON : UNCTAD has raised profound concerns over escalating disruptions to global trade. The Intergovernmental Body noted that recent attacks on ships in the Red Sea, combined with
India’s ambitious plans to boost Shipyard capacity declared at GMIS 2023
NEW DELHI : Shipowners seeking additional shipyard capacity should take note of India’s ambitious plans. Although currently outside the top 10 shipbuilding nations with a market share of
HE Al-Jasser lauds Kingdom’s rise in UN Maritime Index
RIYADH : The Saudi maritime sector has recorded a significant uptick in the Q3 update of the UNCTAD’s Liner Shipping Connectivity Index (LSCI), scoring 77.66 points in comparison
Maritime sector at pivotal decarbonisation moment, says UNCTAD
GENEVA : Shipping has reached a decisive moment in the green transition process with the UN trade body UNCTAD calling on the industry to establish a global regulatory
Global trade slows, but ‘Green Goods’ grow: UNCTAD
GENEVA : Global trade was worth a record US$32 trillion in 2022, but amid deteriorating economic conditions and rising uncertainties, growth turned negative in the last half of
New trade route to link Jubail Commercial Port to 6 Global Ports
RIYADH : The Saudi Ports Authority (Mawani) has revealed the addition of Jubail Commercial Port to the India Gulf Service 1 (IG1) shipping route by ocean carrier Hapag-Lloyd.
Saudi Arabia boosts its Maritime Connectivity with LSCI Jump
RIYADH : The Kingdom of Saudi Arabia has registered a significant improvement in the UNCTAD’s Liner Shipping Connectivity Index (LSCI) for Q4 2022, scoring 71.33 points in comparison
Positivity flows around trade prospects
Maritime trade is predicted to increase by 4.3% in 2021 and the medium-term outlook is positive, according to the latest annual UNCTAD Review of Maritime Transport. However, the