Merchant Shipping: A Global Outlook
San Jose, California (PRWEB) February 13, 2012
Follow us on LinkedIn – Maritime transport holds high significance for world economy, given that almost 90% of goods traded across borders are transported on the oceans and seas. Elimination of trade barriers encouraged international trade, driving nations, particularly the developing ones to upgrade their existing transport infrastructure including airports, roads and seaports. Apart from the ability to store and transport heavy shipment, factors driving maritime shipping market include multi-modal transport services, specialized systems, containerization, latest marine engineering technology as well as computerization. Safety and sustainability are the key issues affecting the merchant shipping industry.
The global shipbuilding industry received a major blow due to the financial crisis that began in the year 2008. After years of unprecedented growth, the industry witnessed a slump in new orders and order cancellations from buyers, owing to difficulty in raising capital for funding ship purchases. Bulk shipping companies with smaller fleet and lower debt leverage fared better than companies with a larger fleet and high debt leverage. The economic recession profoundly affected the tanker vessels market, although impact on vessel owners has been relatively milder than that endured by owners in the other two key shipping sectors, bulk carriers and container vessels. Most of the companies in this sector are relatively mature with strong balance sheets. Despite large orders placed earlier by the companies in this sector, they are comparatively lower than the orders placed by companies in bulk and container segments. However, the issue of excess capacity remains a key concern in the tanker market, as in case of other two sectors.
Asia-Pacific region promises higher growth than compared to the Western countries, which are presently bearing the brunt of the subdued world economic climate. Small tanker trade, due to increase in chemicals and oil transport to developing regions, is expected to witness better future in the long term. Container shipping in emerging nations such as China and India offers a stabilized picture, and promises a quick rebound in terms of container throughput and new builds. The maritime container throughput is expected to post positive growth patterns in the upcoming years, backed 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. Growing awareness about energy efficient and environment friendly products among shippers and consumers along with the government initiatives and legislations are set to generate more opportunities in the market.
The research report titled “Merchant Shipping: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global merchant shipping industry, identifies major short to medium term market challenges, and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include United States, Denmark, UK, Belgium, France, Greece, China, India, and Brazil, among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
For more details about this comprehensive industry report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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