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Global Shipping Industry - Forecast and Analysis 2023

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  • 485 Pages
  • July 2023
  • Region: Global
  • Aruvian Research
  • ID: 5860919

The global shipping industry is a vital component of the international trade network, facilitating the movement of goods across borders and connecting markets worldwide. It encompasses various modes of transportation, including container ships, bulk carriers, tankers, and specialized vessels, catering to diverse cargo types and requirements.

As of September 2021, the estimated market value of the global shipping industry was over $500 billion. The shipping industry accounts for over 80% of the world's trade by volume, making it a crucial driver of economic growth and globalization. In terms of cargo volume, the global shipping industry transported approximately 11 billion tons of goods in 2020. Container shipping is a dominant segment, representing around 60% of global seaborne trade. It allows for efficient and standardized transportation of a wide range of goods. Some of the busiest ports in the world include Shanghai (China), Singapore, Rotterdam (Netherlands), and Los Angeles (USA).

As economies recover from the impact of the COVID-19 pandemic and trade volumes rebound, the demand for shipping services is anticipated to rise. The surge in e-commerce activities is driving demand for efficient and reliable shipping services to transport goods across borders and to consumers' doorsteps. Developing economies, particularly in Asia and Africa, are experiencing rapid industrialization and urbanization, leading to increased demand for raw materials and finished goods.

The industry is also making strides towards sustainable practices, with a focus on reducing emissions and adopting eco-friendly technologies, driving innovation and new business opportunities.

It is important to note that the shipping industry also faces challenges, including fluctuating fuel prices, geopolitical uncertainties, regulatory compliance, and environmental concerns. However, with technological advancements, strategic investments, and a focus on sustainability, the global shipping industry is poised for continued growth and remains a critical pillar of global trade and economic development.

The analyst presents a comprehensive and in-depth analysis of the global shipping industry in its new research offering Global Shipping Industry - Forecast and Analysis 2023. The report encompasses a wide range of crucial aspects shaping the maritime landscape. It offers valuable insights into the ownership and structure of the global shipping fleet, delving into ownership and operation details, registration specifics, vessel costs, freight rates, and a forward-looking perspective on shipbuilding, demolition, and vessel supply trends.

The report contains the following in-depth analysis:

  • Overall industry overview and analysis of five major industry segments: Crude Tanker, Product Tanker, Chemical Tanker, Automobile Export Tanker, and Dry Bulk Shipping.
  • Thorough examination of each segment, including market overviews, industry statistics, and demand and supply dynamics.
  •  In-depth analysis of growth determinants and challenges faced by the global shipping industry, including the impact of COVID-19, bunker oil prices, target price sensitivity, impact of China's steel industry on dry bulk shipping, and potential industry consolidation.
  •  Focus on shipping prices with insights into factors driving ship prices, new ship prices, and the gradual rise in time charter rates.
  •  Appendices covering major shipping categories worldwide, such as dry bulk, tanker, and containership appendices.
  •  Analysis of the top 20 shipping markets globally, highlighting key trends and growth opportunities in each market.
  •  Forecast till 2027 for the global shipping industry and its major segments, offering valuable foresight for industry stakeholders and investors.
  •  Meticulous analysis of 35 major shipping companies, including AP Moller Maersk, Hapag-Lloyd, China COSCO Shipping, D/S Norden, Golar LNG, Kawasaki Kisen, Mediterranean Shipping Company S.A. (MSC), HMM Company Limited, and many others.
  • Analysis of each company through valuations, ratio analysis, company strategies, SWOT analysis, and more, providing insights into key players shaping the global shipping industry and their market positioning.

The Global Shipping Industry - Forecast and Analysis 2023 is a comprehensive and invaluable resource for industry professionals, investors, and stakeholders. With a profound understanding of market trends, growth potentials, and key players, readers are empowered to make informed decisions and capitalize on emerging opportunities in this dynamic and ever-evolving sector.

Table of Contents

A. Executive Summary
B. Global Shipping Fleet: Ownership and Structure
B.1 Overview of Industry Structure
B.2 Ownership and Operational Characteristics
B.3 Registration and Flag Details
B.4 Analysis of Vessel Costs and Freight Rates
B.5 Shipbuilding, Demolition, and Vessel Supply Forecast

C. Analysis of the Global Shipping Industry
C.1 Industry Overview
C.2 Crude Tanker Market
C.3 Product Tanker Market
C.4 Chemical Tanker Market
C.5 Automobile Export Tanker Market
C.6 Dry Bulk Market Overview
C.7 Containership Market Overview
C.8 Chemical & Product Tankers: Barriers to Entry

D. Global Shipping Industry: Porter’s Five Forces Strategy Analysis
D.1 Introduction
D.2 Bargaining Power of Buyers
D.3 Bargaining Power of Suppliers
D.4 Competitive Rivalry in the Industry
D.5 Threat of New Entrants
D.6 Threat of Substitutes

E. Regulatory Landscape of the Global Shipping Industry
F. Global Shipping Industry: Growth Determinants and Challenges
F.1 Industry's Vulnerability to Economic Cycles
F.2 Financing Vessels: Exploring Funding Options
F.3 Navigating the Commodity Nature of the Product
F.4 Managing Costs and Capital Intensity
F.5 Maximizing Vessel Utilization: A Persistent Challenge
F.6 Addressing Industry Fragmentation and Intense Competition
F.7 Embracing Advancements in Marine Technology
F.8 Confronting Environmental Concerns in the Industry

G. Global Shipping Industry: Analysis of Ship Prices
G.1 Overview of Market Statistics
G.2 Influential Factors Affecting Ship Prices
G.3 Pricing Trends for New Ships
G.4 Gradual Growth in Timecharter Rates

H. Global Shipping Industry: Major Shipping Appendices
H.1 Dry Bulk Appendix
H.2 Tanker Appendix
H.3 Containership Appendix

I. Global Shipping Industry: Analysis of Key Markets
I.1 Australia
I.2 Brazil
I.3 Canada
I.4 China
I.5 Greece
I.6 India
I.7 Japan
I.8 Norway
I.9 United States

J. Global Shipping Industry - Market Outlook
J.1 Industry Forecast
J.2 Forecast for Crude Tanker Market
J.3 Forecast for Dry Bulk Market
J.4 Forecast for Product Tanker Market
J.5 Forecast for Containership Market

K. Global Shipping Industry: Major Players
K.1 American Shipping Company
K.2 AP Moller Maersk
K.3 China COSCO Group
K.4 China Shipping Logistics
K.5 CMA CGM Group
K.6 Concordia Maritime
K.7 D/S Norden
K.8 Eitzen Chemical
K.9 Evergreen Marine Corporation
K.10 Frontline
K.11 Golar LNG
K.12 Golden Ocean Group
K.13 Hapag-Lloyd
K.14 HMM (Hyundai Merchant Marine)
K.15 IM Skaugen
K.16 Kawasaki Kisen Kaisha
K.17 Mediterranean Shipping Company S.A. (MSC)
K.18 Mitsui OSK Lines
K.19 Nippon Yusen Kabushiki Kaisha (NYK Line)
K.20 Nordic American Tanker Ltd
K.21 Odfjell SE
K.22 ONE (Ocean Network Express)
K.23 Orient Overseas International
K.24 Pacific Basin Shipping
K.25 Pan Ocean
K.26 Precious Shipping
K.27 Sincere Navigation Corporation
K.28 Sinotrans Shipping
K.29 Stolt-Nielsen SA
K.30 Torm A/S
K.31 U-Ming Marine
K.32 Wan Hai Lines
K.33 Wilh. Wilhelmsen ASA
K.34 Yang Ming Marine
K.35 Zim Integrated Shipping Services

L. Research Methodology

Companies Mentioned

  • American Shipping Company
  • AP Moller Maersk
  • China COSCO Group
  • China Shipping Logistics
  • CMA CGM Group
  • Concordia Maritime
  • D/S Norden
  • Eitzen Chemical
  • Evergreen Marine Corporation 
  • Frontline
  • Golar LNG
  • Golden Ocean Group
  • Hapag-Lloyd
  • HMM (Hyundai Merchant Marine)
  • IM Skaugen
  • Kawasaki Kisen Kaisha
  • Mediterranean Shipping Company S.A. (MSC)
  • Mitsui OSK Lines
  • Nippon Yusen Kabushiki Kaisha (NYK Line)
  • Nordic American Tanker Ltd
  • Odfjell SE
  • ONE (Ocean Network Express)
  • Orient Overseas International
  • Pacific Basin Shipping
  • Pan Ocean
  • Precious Shipping
  • Sincere Navigation Corporation
  • Sinotrans Shipping
  • Stolt-Nielsen SA
  • Torm A/S
  • U-Ming Marine
  • Wan Hai Lines
  • Wilh. Wilhelmsen ASA
  • Yang Ming Marine
  • Zim Integrated Shipping Services