Maritime Containerization: A Global Strategic Business Report
San Jose, CA (Vocus/PRWEB) April 06, 2011
Maritime transport is crucial to the movement of goods in national and global supply as well as distribution chains. Maritime transport has very high significance for world economy, given that almost 90% of goods traded across borders are transported on the oceans and seas of the world. Growth in the worldwide maritime container throughput is credited to a number of factors including volume of merchandise trade transported via containers, rising trade with Asian trading partners, and the rising importance of merchandise trade to global economic activity.
The maritime containerization sector is sensitive to economic cycles, as international globalization and trade is economically driven. Economic conditions, rate of GDP growth, level of inflation, exchange rate fluctuations, debt/interest rates, rise in consumer purchasing power, and the overall health of the manufacturing and trading industry traditionally influence market for maritime containerization. At times of recession, consumers across the world announce sharp output cuts in response to contracting demand and plunging prices, causing world exports to plummet and container traffic to nosedive.
Growth in the container shipping industry went through a rough patch during the years 2008 and 2009 as the icy chill of the worldwide recession spread across all industrial sectors. Declines in containerized trade volume started in mid-2008, and intensified in 2009. Global trade barometer, the Baltic Dry Index (BDI), which provides a price assessment of transporting major raw materials by sea, reached its peak in May 2008 and declined drastically in December 2008, demonstrating negative implications for intermodal traffic. By the end of 2008, shipping times were increased noticeably through a strategy, called slow-steaming, wherein shipping lines slow the pace of sailing on many of their routes to save money on fuel. However, tightness in credit markets restricted the ability to load cargoes for departure at major ports. Also, debt load of new ship construction was a major setback for shipping companies, causing major implications and bankruptcies for shipyards. This, coupled with the high price volatility of raw commodities resulted in a perfect storm for the worldwide marine commerce. One of the steepest declines in container traffic was observed on the trans-Pacific route between Asia and the US West Coast.
As stated by the new market research report, Asia-Pacific and Europe accounts for a major share of the global maritime containerization market. The recovery of economy and favorable merchandise imports-exports scenario will cause a resurgence of container throughput at worldwide seaports. The green shoots of recovery are expected to become more prominent in the year 2011. Container shipping in emerging nations such as China and India showcases a stabilized picture, and promises a quick rebound in terms of container throughput, and new builds. In fact, exports from Far East to Europe and North America have already rebounded as importers started to restock their depleted inventories and attempt to deal with renewed sales growth. The maritime container throughput posts positive growth patterns for the upcoming years, backed largely by increasing use of containerization for shipping bulk cargo, use of cutting edge technology such as automated handling, and satellite tracking for speed and efficiency in operation, key partnerships among terminal operators, and incremental advancements in technologies governing alternative fuels, and pollution control systems. The growing awareness of energy efficient and environment friendly products among the shippers and consumers along with the government initiatives and legislation are set to generate more opportunities in the market.
Major players in the global marketplace include ACC Logistics Ltd, Agility Logistics, American Stevedoring Incorporated, Amerijet International Inc, A.P. Moller-Maersk Group, APL Limited, Dubai Ports World Limited, CMA CGM SA, China Ocean Shipping (Group) Company (COSCO), China Shipping Container Lines Company Limited, Evergreen Marine Corp Ltd, Evergreen Shipping Agency Corp, Exel PLC, Gati Ltd, Hanjin Shipping Co. Ltd, Hapag-Lloyd AG, Hutchison Port Holdings, Mediterranean Shipping Company S.A., Metropolitan Stevedore Company, Nippon Yusen Kabushiki Kaisha (NYK LINE), PSA International Pte Ltd, SSA Marine Inc, Transport Corporation of India Ltd, among others.
The research report titled “Maritime Containerization: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The single-segment report provides market estimates and projections (in Thousand TEUs) for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Singapore, Hong Kong, South Korea, Malaysia, Taiwan, India, Rest of Asia-Pacific), Latin America (Argentina, Brazil, Chile, Mexico, Rest of Latin America), and Rest of World.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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