Press release
Global Marine Freight Market Report by Company, by Dynamics, by Region, by Type, by Application and COVID-19 Impacts (2020-2030).
Prophecy Market Insights
Key Highlights:
In May 2016, Maersk Line launched its new AC1 service, connecting the West Coast of Latin America with Asia. This new service will optimize its Asia to Central America network which will add a third loop to the AC network. The new service is expected to provide Maersk Line’s customers with reduced transit times and greater port coverage on certain corridors while maintaining the network’s stability.
In April 2016, COSCO Container Lines, CMA CGM, Evergreen Line and Orient Overseas Container Line signed a Memorandum of Understanding to form a new alliance. The new alliance offers competitive products and comprehensive service networks across the globe.
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Key Market Insights from the report:
The global marine freight market accounted for US$ 458.3 billion in 2019 and is projected to register a moderate CAGR of 2.20% over the forecast period. The market report has been segmented based on type, industry, and region.
By type, the general type is estimated to leads this market. Advantages such as individual transport of commodities that help in reduced ship time at port terminals, and enhanced utilization of ship space. All of these factors would prompt the demand for General cargo in the coming years.
By industry, the target market is bifurcated into food, electrical/electronics, mineral fuels & oils, and manufacturing.
By region, Asia-Pacific is projected to lead the global marine freight market and is expected to remain dominant during the forecast period, due to increasing containerized trade coupled with the rising trend of port automation to cope up with the increased demand has led to growing size of port terminals to accommodate the goods, which, in turn, is driving the demand for cargo shipping in the region.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Global Marine Freight Market,” By Type (Liquid, Dry, General, and Container), By Industry (Food, Electrical/Electronics, Mineral Fuels & Oils, and Manufacturing), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030
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The prominent player operating in the global marine freight market includes involves A.P. Moller Maersk, CMA CGM SA, Mediterranean Shipping Company S.A., DHL Global Forwarding, Panalpina, Ceva Logistics, DB Schenker, Nippon Express Co., Ltd, International Trade Centre (ITC), and United Nations Conference on Trade and Development (UNCTAD).
Key Topics Covered
Introduction
Study Deliverables
Study Assumptions
Scope of the Study
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