Global shipping: The challenges of climate, COVID recovery, and China


August 16, 2023, 9:00 AM to 10:00 AM EDT
Virtual Event

Cecilia Malmström (PIIE), Nina Calvo (JAS Worldwide) and Jens Eskelund (EU Chamber of Commerce in China; Maersk China Ltd)

Event Summary

The shipping industry moves more than 80 percent of global trade of commodities. This key sector for supply chains faces several challenges. First, during the COVID-19 pandemic, many harbors were closed, and staff worldwide were in lockdown; has the sector recovered? Second, shipping is responsible for around 3 percent of global emissions caused by human activities. New legislation to reduce emissions is on its way, and recently the International Maritime Organization (IMO) committed to the ambitious goal of zero net emissions for the sector by 2050; how is the green transition going? Finally, China's relatively poor economic recovery is affecting shipping as well, leading to cancellations at the biggest ports; what can we expect in the coming years?


Cecilia Malmström
Nonresident Senior Fellow, Peterson Institute for International Economics (PIIE)


Nina Calvo
Business Implementation Manager, JAS Worldwide, Sweden

Jens Eskelund
President, EU Chamber of Commerce in China; Managing Director, Maersk China Ltd



About This Series

Trade Winds is a monthly virtual event series hosted by Cecilia Malmström that explores the future of global commerce, including ways that international cooperation on trade can accelerate the recovery from the COVID-19 pandemic.