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China has become the world's leading country for maritime connections(Shipping agent in China)

Aug 08 2019

The United Nations Conference on Trade and Development (UNCTAD), one of the permanent organs of the UN General Assembly, recently announced that the UNCTAD Liner Shipping Connectivity Index (LSCI) shows that China has become the world's leading country for maritime connections.

     LSCI calculates based on the world's container ship deployment data and releases it annually, covering 178 countries. This release shows trends in maritime connectivity from 2006 to 2019. Among them, the 2019 LSCI index shows that some countries have improved or deteriorated their position in the world's shipping network. China's LSCI index has increased by 51% since 2006. It is reported that the 2019 Shipping Connectivity Index has expanded global coverage and added new components for countries that do not require transshipment.

     "The connectivity status of a country in the global container transport network is an important determinant of its trade costs and competitiveness," said Jan Hoffmann, UNCTAD logistics director.

     According to this indicator, five of the top 10 best connected economies in 2019 are located in Asia, and China, Singapore, South Korea, Hong Kong, China and Malaysia are among the top five, each with a score of over 100.Shipping agent in China

     At the other end of the table, small island developing states (SIDS) have shown little improvement, which means that there is still a problem with trade in goods in these countries, which has an impact on the economy.

      Hoffmann noted, "We have observed 'connectivity differences' between the best and worst countries, and the gap is growing."

Studies have shown that regular direct flights can help reduce trade costs and increase trade volume. The lack of direct connectivity is associated with a 42% reduction in the value of bilateral exports.

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