Sea Transportation: Development Trends in the World and Georgian Economy

Abstract

The relevance of the chosen topic is explained by the dependence of Georgian maritime transport on the growth rate of the world economy and international trade, which requires identifying trends in their development to predict cargo turnover and the volume of port facilities in Georgia. The article identifies trends in the development of international maritime transport. In 2023, the growth rate of world trade was lower than the growth rate of the global economy, which led to a slowdown in the growth rate of international maritime transport. Developing countries hold a high share in international maritime transport; Asian ports retain leading positions in terms of cargo turnover. The growth rate of cargo turnover at Georgian seaports is higher than the world average. The devaluation of the national currency has changed the structure of cargo turnover of Georgian ports. The continued high role of Asian countries in world trade and international maritime transport creates the prerequisites for the implementation of the innovative scenario of the Strategy for the Development of Georgia’s Sea Port Infrastructure until 2030.