Higher shipping connectivity in most economies in first quarter of 2024
Annual change in liner shipping connectivity, percentage
UN Trade and Development, UNCTADstat and MDS Transmodal.
Change year-on-year in the Liner Shipping Connectivity Index from Q1 2023 to Q1 2024.
a Change of less than 5 per cent, year-on-year.
Liner shipping connectivity increased in more economies than it decreased in the first quarter of 2024 compared to the same period in 2023. The Liner Shipping Connectivity Index (LSCI) increased by a median of 1.7 per cent. Some economies with an LSCI calculated based on a single port, such as Liberia (+55 per cent) and Saint Kitts and Nevis (-47 per cent), saw major changes in connectivity. Among economies with five or more ports in the calculation, the Russian Federation, Nigeria, the Bolivarian Republic of Venezuela, Algeria and Peru all saw double digit annual growth rates. In Indonesia, shipping connectivity decreased by 9 per cent which parallels a reversal of a peak in the port liner shipping capacity index for Jakarta in the beginning of 2023.