❖ The Review of Maritime Transport 2024 has been released by the UN Trade and Development (UNCTAD).

❖ Maritime trade, which grew by 2.4% in 2023 to reach 12,292 million tons, had begun to recover after a contraction in 2022.

❖ The report noted that Container trade, which grew by just 0.3% in 2023, is expected to rebound by 3.5% in 2024.

❖ The supply of container ship capacity grew by 8.2% in 2023.

❖ Global ton-miles rose by 4.2% in 2023, driving up costs and emissions.

❖ Key maritime chokepoints, like the Suez and Panama Canals faced unsettling disruptions