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UNCTAD’s Report on Maritime Transport

Published on December 02, 2022
Current Context: The United Nations Conference on Trade and Development (UNCTAD) published a report titled “Review of Maritime Transport-2022”.
UNCTAD’s Report on Maritime Transport
  • According to the Review of Maritime Transport-2022 report, the pace of global shipping activity will decrease in 2023.
  • The report estimated that the global maritime trade growth will be 1.4% in 2022 and remain at the same level in 2023.
  • The conflict between Russia and Ukraine, the high and volatile freight rates and the Covid-19 pandemic were cited as primary reasons behind it.
  • It also compared the global maritime trade growth of 3.2% in 2021 with the global maritime trade decline of 3.8% in 2020.
  • UNCTAD is an intergovernmental organization that was established in 1964 with its headquarters in Geneva, Switzerland. The current Secretary-General of the organization is Rebeca Grynspan.

Question:

Q.1 Who released the report titled “Review of Maritime Transport-2022”?
a. NITI Aayog
b. WTO
c. IMF
d. UNCTAD
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