2018 Sep – UNCTAD – Digital Data Sharing: The Ignored Opportunity for Making Global Maritime Transport Chains More Efficient
The economic significance of maritime transport chains. Since the beginning of civilization, maritime transport for the exchange of goods has been the backbone of economic prosperity. According to UNCTAD, over 80% of the world’s trade is transported by sea, which is, by far, the most cost-effective way to move raw materials and finished goods around the world. Shipping is the engine of the global economy.