Second, given the abysmal year that was 2016, when shipping rates reached record lows, we wondered if we’d ever see that golden market that was 2014 rates again. It connects countries, markets, businesses and people, allowing them to buy and sell goods on a scale not previously possible. Statista. Sign up and be the first to know every time we release new content. Container shipping could lay claim to being the world's first truly global industry. Whilst it is encouraging that many (75%) companies have a maternity leave policy, the report also notes it is vital that the policies are robust and raises concerns over whether companies actively encourage diversity and inclusion amongst crews and staff. Chart. With many carriers reporting profit and also from the trend we see in our data, we have to put things in perspective and not call it too soon. As far as operational efficiencies are concerned, it is highly unlikely that the new alliances can have a better effect. When it comes to negotiating rates, there’s usually a reason why long term rates are the way to go. For many customers and the shipping industry in general, 2016 will always remain kind of a watershed year, mainly because of the sudden and quick demise of Hanjin Shipping. The global shipping industry sustained a second cyber attack within a week that’s raising concern about disruptions to supply chains already straining to move goods heading into the usual peak season for consumer demand. Press release - Market Growth Insight - Drop Shipping Software Market ? There are approximately 400 liner services, most sailing weekly, in operation today. Learn more about how this global industry seamlessly connects countries and their consumers with goods from around the world. According to ICS, the international shipping industry is responsible for the carriage of around 90 percent of world trade. There are three factors driving the shipping industry: Investors should be cognizant of these three factors when analyzing the industry. Global Trade. Investments in port infrastructure and the global supply-command cycle will have a positive impact on the shipping market. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Accessed November 12, 2020. https://www.statista.com/statistics/1097059/global-shipping-containers-market-size/, Statista. This is the third part of our series, The Biggest Stories From the Global Shipping Industry in 2017. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Learning from the Hanjin debacle, THE Alliance partners (it is important to read the name THE Alliance with the CAPS to differentiate) decided to create a monetary pool that could be drawn upon if any members of THE Alliance goes through insolvency or financial distress that could cause their collapse. While the industry experienced a brief recovery from 2010 to 2015, supply and demand concerns have put pressure on top- and bottom-line performance. How Beneficial Are Ocean Freight Industry Mergers? The global shipping containers market research study covers competitive landscape that includes market shares, revenues, growth strategies applied, product portfolio analysis, distribution channels, expansion in several geographies, marketing strategies, SWOT analysis, pricing analysis, etc., of the various key players in the global shipping containers market. The ideal entry-level account for individual users. Consolidation within the industry could also reduce price competition over time, which could help improve profitability and eliminate many of these concerns. Projected size of the global market for shipping containers 2016-2025. New, Everything you need to know about the industry development, Find studies from all around the internet. Click here to read part 2 and part 3. The ICS Diversity Study Report aims to outline where we are now and where we need to get to as an industry in the next few years. Compared to 20 odd container lines present 2-3 years ago, we may see as few as 5-6 main carriers in the coming decade.

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