According to the World Shipping Council’s report, over $7 trillion worth of goods are transported annually via international liner ship operators, who offer more than 2,000 regularly scheduled services. The Washington DC-based organization highlighted these findings on its website.
The seas witness the transportation of 241 million containers annually, carrying goods valued at over $7 trillion. With intense competition in this market, more than 100 international liner ship operators offer over 2,000 regularly scheduled services, facilitating global trade between nations on a weekly basis.
The COVID-19 pandemic strained supply chains, causing unpredictable demand and resulting in increased shipping rates. However, as the world moves towards normalcy, the global supply network is stabilizing, and both rates and reliability are returning to pre-pandemic levels, as mentioned in the report.
The World Shipping Council (WSC) reported a significant drop in container losses at sea in 2022, with only 661 containers lost. This decline is primarily attributed to fewer substantial losses compared to previous years.
The council emphasized that the loss of 661 containers represents a mere 0.00026% of the total volume of cargoes shipped worldwide each year, indicating a significantly low loss rate.
Furthermore, the report highlighted an increase in the average number of containers lost annually between 2020 and 2022, with 2,301 containers lost on average during this period. This figure represents a substantial rise compared to the previous three years, which averaged 779 containers lost per year.The World Shipping Council acknowledged that the reported number of container losses reflects the industry’s efforts in enhancing container safety. However, it also emphasized that this figure serves as a reminder of the ongoing need for constant vigilance to protect the well-being of crews, safeguard valuable cargo, and preserve the environment.