UN: Shipping Industry Recovery to Take More Time

The United Nations notes in newly released report that a recovery of global shipping industry will take more time. “While the hard-pressed shipping industry is recovering from recent declines, it is still being hindered by fragile global economic conditions as well as depressed freight rates and an oversupply of vessels”, the report says.

The study also notes that the global recovery is uneven, slower than the recoveries that have followed previous recessions, and subject to numerous uncertainties and to the fragile global economic conditions.

Create Content With AI

Risk Our Money Not Yours | Get 50% Off Any Account

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.