![]() ![]() As per United Nations Conference on Trade and Development (UNCTAD), the global maritime commerce is expected to increase at an average annual growth rate of 3.5% during 2019-2024 (the forecast period specified in the report), and the projected growth would be mainly driven by an increase in containerized, dry bulk, and gas cargoes.Ĭommercial shipping is crucial for the global and domestic coastal trade of any country. ![]() These government agencies are responsible for national security, marine safety, vessel traffic management, waterway maintenance, and environmental protection. ![]() Government agencies, such as the US Army Corps of Engineers, NOAA, US Department of Transportation (DOT), US Coast Guard, US Customs and Border Protection, and Environmental Protection Agency (EPA) regulate marine commerce and transportation.
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