Barge Transportation Market: What are the Future Growth Opportunities? Top Players: Continental, American Commercial Lines LLC, Bouchard Transportation Co. Inc., Ingram Marine Group, Marquette Transportation Company LLC, PACC Offshore Services Holdings Lt

The barge transportation market has benefitted from the extensive river routes in Asian countries, which pass through a large number of cities, providing a means of affordable coal and crude supply. China, for instance, has over 110,000 kms of navigable rivers with more than 1200 million tons of goods being transported on these rivers every year. For the record, the APAC barge transportation market was valued at USD 34 billion in 2017.

With the U.S. and a number of African countries exporting crude to the APAC region, there is not expected to be any halt of supply over the coming years that could disrupt the shipping industry. Even the ongoing trade wars between the U.S. and China have only diverted U.S. exports from China towards Japan and South Korea, maintaining the crude flow into the region.

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According to the International Energy Agency, China would be overtaking U.S. as the world's biggest crude oil importer over the next five years, with APAC estimated to contribute nearly 60% of global demand during the period. Coal, which is burnt to generate electricity, is also a lucrative application area for the barge transportation market as it still powers 40% of energy consumption in emerging markets. Reports say that throughout 2017, coal-powered electricity generation plants had increased across most of APAC's key economies, boosting demand for the natural resource and presenting growth prospects for coal providers in countries like Australia, where the quality of coal is high. With development of the manufacturing sector in China, India, Malaysia, Indonesia and other South East Asian nations, the upsurge in power requirements will positively transform the barge transportation industry in the region.

Barge transportation market has indeed gained a velocity in the past few years, and is in the midst of experiencing a profound commercialization portfolio, primarily driven by the escalating crude petrochemical shipments across the world. In this regard, it is important to note that U.S. and Japan are the two major economies where crude oil demand is significantly high, which quite aptly translates the profitability quotient of the barge transportation market in these regions.

Some of the other biggies involved in barge transportation market include American Commercial Barge Line, Campbell Transportation, Blessey Marine Services, Canal Barge, PTC Logistics, and Heartland Barge. The overall industry is restrained by some of the crucial factors such as huge initial cost associated with fleet construction, limitations of international water ways, and climatic conditions.

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All in all, owing to the continuous rise in foreign and domestic trade in metals, chemicals and other goods, global barge transportation market is likely to traverse alongside a highly profitable growth path. American Commercial Barge Line, SEACOR Holding, ABC India Ltd., Campbell Transportation, Canal Barge, PTC Logistics and PACC Offshore Holdings are some key participants forming the competitive spectrum of barge transportation industry.

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