Intra-Asia trade routes refers north to China, Korea and Japan, east to the Philippines, south to Indonesia and west to Myanmar This comprises the East Asia and South East Asia regions and is the world's highest volume container shipping market. The report "Global Container Shipping market: Industry Analysis & Outlook (2017-2021)" analyses the development of this market, with focus on Asia and Europe markets. However, from mid-April they started climbing again, reaching USD 9,581 per FEU on 27 May. Prior to 2020, the highest volumes had ever reached were 15.0m TEU in May 2019. This transportation offers door-to-door delivery with a shorter delivery time. The container shipping market is segmented by size (small, large, and high cube containers), type (general container shipping and reefer container shipping), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Post the COVID-19 pandemic, the UNCTAD (United Nations Conference on Trade and Development) expects maritime trade growth to return to positive territory and expand by 4.8% in 2021. The aim of the conference in December 2008 was to analyse and to forecast the trends and perspectives of the international container shipping market. However, the high demand has left the idle fleet at very low levels, leaving charterers with few options and tonnage providers with big smiles. Found inside – Page 536... econometric model of the world market for dry cargo freight and shipping, ... 'The review and the forecast of international container shipping market', ... "--Peter L. Bernstein, author of Against the Gods: The Remarkable Story of Risk "Fascinating, informative, wonderfully historicized. This is a terrific untold story. In terms of type, the global container shipping market can be bifurcated into small container, large container and high cube container. ", We use cookies for a better user experience. The Business Research Company offers Shipping Containers Global Market Report 2021" in its research report store. Found inside – Page 125Equally , shareholders and senior executives are now questioning the longterm attractiveness of the container shipping market . Some major container ... Container Shipping Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 ... Financial To know about the Research Methodology :- Request Free Sample Report The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report . This breaks the previous record, set in October last year, when volumes reached 15.4m TEU. It also ensures the safety of the cargo and involves the use of different routes. Some companies suspended certain manufacturing activities in January 2020 due to the mandatory government quarantine measures to control the epidemic's spread. Container shipping refers to transportation through containers from one place to another. The latest news and insight on what is happening in the world of container shipping covering freight rates, fleet capacity, newbuildings, and services. Abstract. This will lead to a near tripling of maritime trade volumes by 2050. The "stratospheric" freight rates and shipping lines' huge Q2 profits have been slammed by cargo owners, and a new report claims the carrier alliances are "suppressing" cargo. According to a market review by MDS Transmodal and the Global Shippers Forum (GSF . The Ministry of Ports, Shipping, and Waterways formed a committee to examine the feasibility of making containers at Bhavnagar in Gujarat and developing it into a manufacturing hub for the steel boxes that have become the global standard for shipping a variety of goods across ships, rail, and road. According to the Council of Supply Chain Management Professionals State of Logistics Report, transportation comprises 66% of total logistics costs. These containers facilitate transport of goods via land- and sea-borne modes of transport, involving ships, rails, and/or trucks. With long-term freight rates locked in for the many months yet, and short-term shippers more desperate to secure space on ships than negotiate a lower price, 2021 may be the Chinese Year of the Metal Ox but, in shipping terms, it is more likely to be remembered as the Year of the Metal Box. Shipping Containers Market Worldwide: Capacity of Container Ships in Million Tons Deadweight for the Years 2015 through 2017; Number of Containership Completions and Compensated Gross Tonnage (CGT . Aug 18, 2021 (The Expresswire) -- Global "Tank Container Shipping Market" report 2021 research report represents a . Tier-1 manufacturers are focusing on acquiring supply contracts, introducing new products, and entering into in partnerships and joint ventures to strengthen their market presence. Additionally, the growing number of container ships and an increase in the port capacity in countries throughout the world are propelling the demand for new container shipping in the market. By submitting, you confirm that you agree to While between 2012 and 2013, around 70 percent of the market was divided into independent . The Report will be delivered with in 24-72 hours. Our sales representative will reach you shortly with the details. High barriers to entry due to the high cost of vehicles and increasing economies of scale affect competition in the industry. Growing container shipping market consolidation Since 2016, the global container shipping industry, which handles about 60 per cent of seaborne merchandise trade in terms of value, witnessed a series of developments leading to major market consolidation.1 Container lines concluded various mergers on: Lines are open To know about the Research Methodology :- Request Free Sample Report The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report . So far this year, some 229 ships totalling 2.2m TEU have been added to the order book. A 700 TEU ship is now being chartered for just under USD 10,300 per day and, at the other end of the scale, an 8,500 TEU ship is fetching USD 62,000 per day. Est. In terms of type, the global container shipping market can be bifurcated into small container . The shipping containers market is understood to be a strongly consolidated space, with tier 1 players accounting for a little more than 70% of the global market. The start of this year has been the busiest Q1 on record, with volumes reaching 42.9m twenty-foot equivalent unit (TEU), a 10.7% increase on Q1 2020 - and a 6.8% increase compared with Q1 2019 - though still a slowdown from Q4 2020 when 45.9m TEU were moved. However, once that has passed and we approach the post-pandemic world, demand looks set to slow as stimulus measures and restrictions are eased, leaving consumer spending patterns to find a new balance. The freight rate between Shanghai to the US east coast was ~$2,700 for a 40Ft container in Aug 2019, ~24% lower than same period last year. on: Contact Global Container Shipping Market Segment Insights: Based on product types, the global container shipping market is segregated into dry containers, tank containers, reefer containers, and offshore containers. High freight rates will continue for the next three to six months, because demand remains high and the supply chain logjams have still to be cleared. One of the key trends over the past ten years in the container shipping market is the consolidation of the supply-side. Further down the line, demand looks set to ease as pandemic-related stimulus packages start to dwindle or spending shifts away from securing consumer income and towards longer-term economic projects such as infrastructure investment. Several carriers also deployed extra loaders or sweeper vessels to cope with the rising demand. However, the factors, such as protectionist measures by some nations and high freight rates in the transportation of containerized goods, are likely to restrain the growth up to some extent. The anticipated trend of automation in marine transportation and the rise in marine safety norms are also expected to create opportunities for the market players in the coming years. The multi-front trade war, which started with solar panels and washing machines, quickly expanded to additional battles: the 232 action on Aluminum and Steel imports, Intellectual Property, Autos, and Immigration. April 2019 // 28 Bathurst St., Toronto. An essential reference for importers, exporters, freight forwarders and other industry stakeholders requiring up-to-date and independently researched container shipping cost benchmarks. MARKET SEGMENTATION (Market Size by Value), 6.2.1 TLS Offshore Containers International Pvt. BIMCO Market Analysis Q4 2019 Container Shipping Market in Recent Videos 06/12/2019 BIMCO's chief market analyst, Peter Sand, gives his view on the current state of the container shipping market. Alphaliner estimates that on 10 May, 70 ships were idle, with an average capacity of 3,393 TEU. 17 Sep, 2021, 09.38 AM IST. The Container Shipping Market market is studied from 2017 - 2026. Canada's largest shipping container market. As we saw before the blockage of the Suez Canal, spot freight rates had slowly started to soften on major routes, though remained at historically high levels. Improved fundamentals in 2016, when box trade grew by 3.8% but containership capacity expanded by just 1.2%, and into 2017, have had a twin impact on the container shipping markets. 09:00-17:00 CST. The report on Global Container Shipping Market offers in-depth analysis on market trends, drivers, restraints, opportunities etc. - Ocean Network Express Pte. In fact, in the first three months of the year, US container imports to the East Coast are up by 22.6%, and imports by the West Coast are up by 40.3% in the first four months – the driving influence behind record-high volumes globally. To understand key trends, Download Sample To understand geography trends, Download Sample Demand drivers and freight rates CMA CGM is behind 22 of these new orders, which come in three sizes: six 15,000 TEU ships, six 13,000 TEU ships and 10 with a capacity of 5,500 TEU. The price of shipping containers depends on their size and condition. April 2020: Evergreen Marine Corp. ordered 1,800 Star Cool reefers from Maersk Container Industry (MCI) to grow reefer operations. The Shipping Containers Market is Segmented by Size (Small Container (20 Feet), Large Container (40 Feet), and High Cube Container), Type (Dry Storage Container, Refrigerated Container, and Tank Container), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). 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