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You are here: Home → Archive → 2009 → December → Weekly Edition 17th December 2009 → All-time high of 2008 gives way to uncertain times for ocean trade

All-time high of 2008 gives way to uncertain times for ocean trade

by David Osler, London — last modified Dec 18, 2009 11:16 AM

SEABORNE trade reached an all-time high last year as activity in the sector seemingly shrugged off the credit crunch and the banking crisis, according to an annual survey from the United Nations Conference on Trade and Development.

However, at 3.6%, the rate of growth in 2008 was weaker than that seen in 2007, Unctad’s Review of Maritime Transport reports.
The agency is predicting challenging times ahead for the shipping industry as further turbulence lies ahead for the...

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