UNCTAD, MarineTraffic Join Forces on Global Trade Analysis

UNCTAD, MarineTraffic Join Forces on Global Trade AnalysiszoomImage Courtesy: MOL

Ship tracking intelligence company MarineTraffic and the United Nations Conference on Trade & Development (UNCTAD) have signed a Memorandum of Understanding in an effort to provide more accurate analysis of global trade and shipping trends.

Under the agreement, signed on May 16, 2017, UNCTAD and MarineTraffic will be sharing information and data that will enable the organisations to enhance their services.

“MarineTraffic provides accurate data on the trading patterns of the world’s commercial shipping fleet. Building their data into our research, datasets and analysis will deliver a level of both granular and big picture accuracy that will enable us to strengthen our support for developing countries and help us reach our goal of delivering a fairer globalised economy,” Jan Hoffmann, Chief of UNCTAD’s Trade Logistics Branch, said.

“Intelligence driven by AIS already enables the shipping industry to optimise port calls and vessel flows, minimise fuel consumption and the impact of shipping on the environment,” Argyris Stasinakis, Partner of MarineTraffic, said.

MarineTraffic will be offering its reporting and data mining services to UNCTAD as it plays a role “in building a fairer and more efficient world.”