Shipping faces ‘stormy seas’ as trade slows and costs rise

Shipping faces ‘stormy seas’ as trade slows and costs rise

After firm expansion last year, seaborne trade volumes are forecast to rise by just 0.5 per cent in 2025, the slowest pace in years, according to the agency’s Review of Maritime Transport 2025, launched in Geneva. The slowdown comes as geopolitical tensions, new trade barriers and climate pressures reshape shipping routes, push up costs and […]

UN chief calls for major reforms to cut costs and improve efficiency

UN chief calls for major reforms to cut costs and improve efficiency

Briefing Member States in New York on Monday Mr. Guterres outlined wide-ranging effort to revamp how the UN system operates – cutting costs, streamlining operations, and modernizing its approach to peace and security, development and human rights. “These are times of peril,” he said, “but they are also times of profound opportunity and obligation. The […]