Global Maritime Container Traffic to Reach 411.7 Million TEUs by 2015
Maritime transport is crucial to the movement of goods in national and global supply as well as distribution chains. Worldwide maritime container traffic (empty and loaded) nearly tripled in volume during 1995 through 2008. The persistent long-term growth in maritime container freight indicates the sustained global economic activity. The up tick in the worldwide maritime container traffic is credited to a number of other factors including volume of merchandise trade transported via containers, rising trade with Asian trading partners, and the rising importance of merchandise trade to global economic activity. The maritime containerization sector is sensitive to economic cycles, as international globalization and trade is economically driven. Sales volume and revenues of manufacturers is directly proportional to general economic conditions and loaded container TEUs. A nation's GDP stands out as a key growth driver in the container shipping industry, and historic analysis shows definite correlation between economic cycles and container maritime trade. In fact, the container trade tends to be more erratic than GDP trend. The recovery of economy and favorable merchandise imports-exports scenario will cause a resurgence of container throughput at worldwide seaports.
US maritime container traffic accounts for nearly 9.7% of the total global market estimated in 2009, as stated by the new market research report on Maritime Containerization. Despite the deteriorating business conditions in the shipping industry in Asia-Pacific, the region promises higher growth than in comparison with the Western countries, which are presently bearing the brunt of the subdued world economic climate.
Container shipping in emerging nations such as China and India showcases a stabilized picture, and promises a quick rebound in terms of container traffic, and new builds. The maritime container traffic posts positive growth patterns for the upcoming years, backed largely by increasing use of containerization for shipping bulk cargo, use of advanced computer technology for automating processes and activities, key partnerships among terminal operators, and incremental advancements in technologies governing alternative fuels, and pollution control systems. The growing awareness of energy efficient and environment friendly products among the shippers and consumers along with the government initiatives and legislation are set to generate more opportunities in the market.
Key players in this marketplace include ACC Logistics Ltd, Agility, American Stevedoring Incorporated, A.P. Moller-Maersk Group, Dubai Ports World Limited, Evergreen Shipping Agency Corp, Metropolitan Stevedore Company, and SSA Marine Inc, among others.
The report titled "Maritime Containerization: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a review of industry overview, product overview, key market trends, profiles of major players, and recent industry activity. The report analyzes market data and provides analytics in million TEUs for regions such as US, and Rest of World.