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 […]
Morocco and Sierra Leone joined the list of States ratifying on Friday, becoming the 60th and 61st parties to the pact. The treaty, formally known as the Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction (BBNJ […]
Keeping sea routes safe today while also addressing emerging challenges was the focus of a debate in the UN Security Council on Monday which was convened by Panama, president for the month of August. Arsenio Dominguez, Secretary-General of the International Maritime Organization (IMO), told the Council that last year, a workforce of just 1.9 million […]