Considering many importers accelerated the shipment of their spring products, there may be weak demand and rates. 0000002528 00000 n Exxon Valdez – A Major Oil Spill in the U.S. Three Impacts of COVID-19 on the Business Event Industry, Port of Shanghai Hits New Record High Container Volume in October, Maersk Faces Backlash Due to Integration of Damco. What’s in store for the maritime sector in 2018. Learn Where Your Knowledge of the Market Ends, How the Panama Canal Expansion Will Impact U.S. 0000001502 00000 n h�b```b``�c`e`�ba@ ���$��@��$��-����`@L\���"�i6�è[!�V�a^��~G�)��56��LOl|�X�XjR�-KP�Y. Reductions in asset turnover and market equity versus debt ratios drove the Z-score down versus the previous year. %%EOF 220 0 obj <> endobj Do you see any factors outside of the maritime industry’s control that could present challenges? 0000007538 00000 n In the years to 2023, 1,086 boxships will … “What gives us confidence of a better tomorrow is that despite weaker supply-demand fundamentals, carriers last year managed to secure marginally higher rates, proving themselves capable of exerting a greater degree of pricing discipline. Many BCOs realized cheap rates don’t mean anything, since at the first sign of a strong market, their cargo is the first to be left behind. A foggy outlook for container shipping, but a brighter tomorrow still likely . Especially labor-intensive products, such as textiles, apparels, footwear, and furniture, are the first industries that will leave China. Mathias Rusch: Heading into the year preceding the IMO 2020 global sulfur limit, we can assume that environmentally friendly shipping will remain a huge topic, with systems such as scrubbers and emissions monitoring systems gaining momentum and market growth—especially in the cruise sector. To study current and future market outlook in the developed and emerging markets, Analyzing various perspectives of the market, with the help of Porter’s five forces analysis, Detailed analysis of the segment that is expected to dominate the market, Regions that are expected to witness the fastest growth during the forecast period, Identify the latest developments, market shares, and strategies employed by the major market players, 3-month analyst’s support, along with the market estimate sheet (in excel). I think we can expect huge growth in the market for these technologies which could quite possibly become standard practice in the future. New forecasts suggest that the industry now faces the current oversupply situation for several more years. However, being further inland means more expensive freight rates and longer transit times, as barges must be used along with other means of transportation to connect coastal cities for mother vessel departures. Reasons to Purchase the Report. Is there an area in the industry you particularly look forward to seeing progress this year? We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. With strong trade growth along the Maritime Silk Road in and out of China and the US losing out, a change in global trade patterns is possible. Scrubbers in particular are on the uptake and likely to gain popularity in light of praises sung by the 25-company-strong Clean Shipping Alliance formed in October. Carriers have always looked at profit maximization per-vessel and that will not change. To prevent this, many factories in China are moving further inland as Western China continues to offer cheaper labor compared to China’s coastal cities.
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