# Asia: Shipping capacity remains strong despite global shocks | UN Trade and Development (UNCTAD)

> UNCTAD's Review of Maritime Transport reports Asian economies retain top positions in the Liner Shipping Connectivity Index, with China first, followed by Korea and Singapore. China, Japan and Korea account for about 95% of global shipbuilding output. The release notes Red Sea conflict has disrupted Suez transit and congested ports elsewhere in Asia.

- Date: 2024-10-22 · published 2024-10-22T12:00:00.000Z
- Category: logistics · region Asia · magnitude low
- Page: https://feedsoft.ai/events/16992-asia-shipping-capacity-remains-strong-despite-global-shocks-un-trade-and
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Persistent Red Sea rerouting and port congestion raise freight costs and transit times for grain and meal cargoes into Asian importers, supporting delivered feed prices even as connectivity strengthens.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- unctad.org: https://unctad.org/press-material/asia-shipping-capacity-remains-strong-despite-global-shocks

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.