Ocean Shipping Transport in the World: Trends in Goods Trade
- Author Phuoc Quy Phong Nguyen
- Co-Author Van Huong Dong
- DOI
- Country : Vietnam
- Subject : Transport
Keywords : ship fleet, development trend, ocean shipping
Abstract
Until the beginning of this year, the shipping industry is still promising as the world's demand for shipping is still high, prompting new demand for shipbuilding. International Shipping Association (International Shipping Association) BIMCO) has warned of a shortage in the international fleet. Earlier this year, Drewry, a transportation consultancy, even predicted that 2015 would be a boom year for the shipping industry worldwide. Drewry said that low fuel prices could help shipping companies make up to $ 8 billion this year. The three largest shipping lines in the world are Maersk, Mediterranean Shipping Company (MSC) and CMA CGM. These companies have the lowest operating costs because they own the largest tonnage vessels. Analysts say all three of the world's shipping giant will continue to record gains in the upcoming hard-to-anticipate quarter, although revenue will probably decline. In an effort to cope with the current hardship, Maersk and MSC have formed a 2M alliance to reduce costs by sharing cargo and space on transatlantic and Pacific ships.
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