Tuesday, April 9, 2013

Seaborne Trade to Double by 2030

Global seaborne trade will more than double by 2030 as China’s expanding economy drives demand for commodities from crude oil to iron ore, a study showed.
Cargoes will rise to between 19 billion and 24 billion metric tons, Lloyd’s Register, Qinetiq and the Glasgow, Scotland-based University of Strathclyde said today in a report titled Global Marine Trends 2030. That compares with 9 billion tons now, it showed.