International trends of ocean shipping
- Author Thi Cam Huyen Nguyen
- Co-Author Thieu Sang Ha, Manh Hung Nguyen
- Country : Vietnam
- Subject : Transport
The World Bank forecasts that global gross domestic product (GDP) will grow by 2.9% in 2018. The average economic growth rate for the 2017-2020 period of the US will reach level 2. , 95%, EU 28 region is 1.97% and Eurozone 1.74%, China slows down in the following years, to 2020 is only 6.61%, emerging economies are above 4. % led by the world economy and the Indian economy. World trade is forecast to grow at 4.98% in the period of 2017-2020. Global maritime trade is forecast to increase to over 15,000 million tons by 2035, of which the total volume of dry cargo transport by sea will grow to 6,000 million tons, container output will reach 3,100 million tons and output oil transport by sea increased by 1.8%. The market is expected to gradually recover thanks to the narrowing of the supply-demand gap. Transport demand is expected to continue to grow from 2.5-3% to 2020, of which the highest proportion is still coal and ore, mainly due to China's steel imports. . Cereal products also saw steady growth during this period, reaching an average of 2-3% per year, mainly from the US and Russia.