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 […]

World News in Brief: Global growth slows, deadly Ukraine attacks, Haiti hurricane hunger risk, legal migration for refugees

World News in Brief: Global growth slows, deadly Ukraine attacks, Haiti hurricane hunger risk, legal migration for refugees

Growth is projected to weaken to 2.3 per cent, or nearly half a percentage point lower than expected at the start of the year, according to the Global Economic Prospects report. “The global outlook is predicated on tariff rates close to those of late May prevailing,” it said. “Accordingly, pauses to previously announced tariff hikes […]