key conclusions and recommendations based on the report and survey. Then you will be able to mark statistics as favourites and use personal statistics alerts. First, as far as major events in the container shipping industry go, 2017 gave us a pretty wild ride. The most popular shipping ETF is the Guggenheim Shipping ETF (NYSE ARCA: SEA), which has about $115 million in total assets, as of July 2017. With the three biggest stories of 2017, here is the first one out to round out the end of the year. 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. Do You Know All of the Major World Stock Market Indexes? Press release - Market Growth Insight - Drop Shipping Software Market ? As per the Chief Executive Officer of AP Møller Mærsk A/S, Søren Skou, further consolidation in the container shipping market seems to be imminent and is likely to result in the survival of five or six top carriers. After the fiscal year 2018, the report states that the cargo shipping market is projected to reach 12.52 Billion Tons at CAGR of 3.5% from 2016 to 2021 overall with the container market the most promising. Although port congestion is not new and not mainly caused by the alliances, it is foreseen that port congestion may continue as more and more mega ships enter the alliance services.
When it comes to negotiating rates, there’s usually a reason why long term rates are the way to go. Being historically more secure, and often less expensive, long term contracts are often the choice for carriers. The data for 2016 and 2025 were stated by the source, along with the CAGR for the period between 2017 and 2025. Without shipping, intercontinental trade, the bulk transport of raw materials, and the import/export of affordable food and manufactured goods would … However, there has been a considerable drop for short term rates, making them a tempting choice for the intrepid carrier. Research also revealed that the average ship has a mix of at least three nationalities on board, and sometimes as many as thirty. The standard measure of containers is a twenty-foot equivalent unit or TEU so a twenty-foot container equals one TEU, a forty-foot container equals two TEU and so on. Karin Orsel, Vice Chairman of the International Chamber of Shipping and CEO of MF Shipping Group said: 'We find a diversified workforce, both on board our ships and at the office one of our strongest assets. Are you interested in testing our corporate solutions? , to weather out the storm that was a dramatic shifting of freight rates and demand. Learn more about how this global industry seamlessly connects countries and their consumers with goods from around the world.
Please contact us to get started with full access to dossiers, forecasts, studies and international data. 03171109, Stay up to date with ISWAN's monthly email newsletter, the value of diversity, inclusion, and individual differences, information from the International Labour Organisation (ILO) study, Recruitment and retention of seafarers and the promotion of opportunities for women seafarers, results of the ICS Diversity survey conducted in Autumn 2019, participated by 240 shipping companies. The ICS Diversity Tracker, the first of its kind released by an industry body, reflects ICS’s commitment to promoting a diverse and inclusive work environment in international shipping. Liner shipping is the service of transporting goods by means of high-capacity, ocean-going ships that transit regular routes on fixed schedules. 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. Finally, some liner ships are a combination of container and RoRo.
The good news is that freight volumes are expected to stabilize over the coming years as these issues are resolved. (Image property of wsj.com). While there was definitely some improvement from 2016 to 2017, will 2018 be the year we finally see a true recovery? How the market will react to Brexit is yet to be seen although there is a lot of speculation surrounding the same. Before we’ve asked some questions as to the best way to approach this new development. The ICS Diversity Tracker is an important but much needed first step in realising this cause.'. Like many industries, the liner shipping industry uses terms and acronyms the meanings of which may be unclear to those unfamiliar with the industry. Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2026 - published on openPR.com After looking at what 2017 has brought, it’s time to look forward to 2018. As per JOC, there has been a 40% increase in congestion driven delays for container ships at Yangshan port in Shanghai since the new alliances began calling at this port since April 2017. For instance, the Baltic Dry index could rebound (signaling greater demand and/or less supply), but the benefits to shipping companies could be offset by higher bunker fuel prices. While 2017 was certainly a step up from the year prior, do we have reason to be optimistic that 2018 will get even closer to the rates of 2014? Statista. February 1, 2018. merger plans have been rejected by the FMC, Cargo Shipping Market - Global Trends and Forecast to 2021, Freight world must evolve collaboratively, not disruptively, Five Highlights from the Xeneta Copenhagen Summit 2019, Interactive Visual Timeline: Modern Shipping Mergers & Acquisition, 2M + H consisting of Maersk, MSC & Hyundai Merchant Marine with a slot purchase option, The Ocean Alliance consisting of CMA CGM – OOCL – Cosco – Evergreen, THE Alliance consisting of Hapag-Lloyd – MOL – K Line – NYK – Yang Ming. Diversity, Equality and Inclusiveness are key in providing a sustainable future for the global maritime industry and our company. According to the reportCargo Shipping Market - Global Trends and Forecast to 2021, the growth in container transport will have the highest growth in cargo shipping trade compared to other types of cargos (Liquid, Dry, General). Press release - Market Growth Insight - Drop Shipping Software Market ? 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. Statista. We therefore applaud ICS with this diversity report, which is a first for the maritime industry and which showcases the leadership of the ICS on important issues. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. "Size of The Global Shipping Containers Market between 2016 and 2025 (in Billion U.S. If you are wondering how the demise of one container line can make such a difference to the shipping landscape, it would be good to remember that Hanjin was the 7th largest container shipping line in the world at the time. © 2020 World Shipping Council. facts.
That said, we offer a comparison to those heavy questions that came before. Diversity, Equality and Inclusiveness are key in providing a sustainable future for the global maritime industry and our company. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from.
The report provides a list of recommendations for immediate improvement, including an employment target of women seafarers from 7.5% to 12% in the next three years and to 25% in 20 years. Then you can access your favorite statistics via the star in the header. Turkey’s Yildrim Holdings appointment of China Citic Bank Corp to oversee the sale of 24% stake in CMA-CGM has fuelled speculation of a possible Chinese interest (maybe Cosco). Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2026 - published on openPR.com Investments in port infrastructure and the global supply-command cycle will have a positive impact on the shipping market. Cosco’s acquisition of OOCL already took it past CMA-CGM to become the world’s 3rd largest container shipping line. The winds of change are already moving things along quickly with the one member from each of these alliances shoring up their positions in terms of additional capacity. Consolidation within the industry could also reduce price competition over time, which could help improve profitability and eliminate many of these concerns.
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