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World seaborne trade declines

The world seaborne trade, which came to an abrupt halt in 2001, is not expected to recover this year, according to a new report from the United Nations Conference on Trade and Development.
 
In its Review of Maritime Transport, 2002, Unctad says seaborne trade fell to 5.83 billion tons in 2001 from 5.89 billion tons the previous year, ending 15 years of consecutive growth.
 
The decline of 1 per cent contrasts sharply with the healthy 3.9 per cent increase registered in 2000 and was mainly attributed to the economic downturn in the US, Japan and to a lesser extent Europe.
 
And for the year 2002 the report is predicting that global maritime trade growth will remain flat.
 
On the supply-side however, worldwide fleet expansion continued at a pace of 2.1 per cent in 2001, reaching 825.6m dwt at the beginning of this year.
 
New ships built were up 1.8 per cent at 45.2m dwt, while tonnage scroppaed and lost was down 27.7 per cent to 27.9m dwt, leaving a net gain of 17.3m dwt.
 
Oil tankers and dry bulk carriers comprised 70.3 per cent of the world fleet.
 
Containerships rose by 11.4 per cent to 77.1m dwt, or 9.3 per cent of the world fleet while containers handled worldwide rose to by 15 per cent to 225 million TEUs.
 
The report noted that Asian countries had the biggest share (36.8 per cent) of world seaborne exports, owing in large part to exports of crude oil from western Asia and of manufactured goods from east and Southeast Asia.
 
Europe accounted for 25.5 per cent of world tonnage loaded, most of it originating within the EU.
 
Some 20.9 per cent of world export tonnage was contributed by industrialised countries in North America and the developing countries of Latin America and the Caribbean, whose considerable exports of crude oil, iron ore, coal and grains constituted about two thirds of the hemisphere's total tonnage.
 
Africa and Oceania represented 9.4 per cent and 7.4 per cent respectively of world tonnage exported.
 
Unctad statistics indicate that developing countries' overall share of world seaborne trade rose slightly in 2001 - to 50.5 per cent from 49.6 per cent - due to an increase in goods loaded. Oil and other commodities comprised a large proportion of loaded goods.
 
But developing countries experienced a fractional decline in their share of the world fleet from 19.4 per cent to 19.3 per cent although, in terms of absolute capacity, their fleet increased by 2 million dwt to 159 million dwt at the start of this year.

              

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