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UNCTAD’s Maritime Connectivity vie For Positions

Logistic News - Published on Fri, 19 Jul 2019

Image Source: News Chronicle
UNCTAD’s liner shipping connectivity index for 2019 is out, showing countries that have improved or worsened their positions in maritime transport networks. China has retained its lead as the country best connected to others by sea, the index shows. The country’s LSCI has increased by 51% since 2006. Mr Jan Hoffmann, UNCTAD’s chief of trade logistics, said that “A country’s position in the global container shipping network – its connectivity - is an important determinant of its trade costs and competitiveness.”

According to the index’s metrics, five of the top 10 best connected economies in 2019 are in Asia, with Singapore, Korea, Hong Kong (China), and Malaysia rounding out the top-five list, each with a score of more than 100. At the other end of the table, small islands developing states have hardly seen any improvement, meaning trade in shipped goods remains problematic in those countries, with knock-on economic effects.

Mr Hoffmann said that “We observe a ‘connectivity divide’ – a growing difference – between the best and worst connected countries.”

However, the LSCI covers 178 countries and shows maritime connectivity trends from 2006 to 2019. It is calculated from data on the world’s container ship deployment and released annually. This year UNCTAD has expanded the time series in collaboration with MDS Transmodal to cover more countries, including several SIDS.

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Posted By : Sanju Moirangthem on Fri, 19 Jul 2019
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