Technological Improvements in Vessel, Rising Export-Import Set to Boost Marine Transport, According to a New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) September 1, 2008

The marine transportation market is categorized into tankers, dry bulk, general cargo, and other general cargo. Tankers are used as a chief delivery system for delivering petroleum products, crude oil, chemicals, LPG, LNG, vegetable oils and various other liquid commodities.

Tanker cargos constitute more than one-thirds of total cargo shipments via sea. Large tankers are expected to grow in demand prompted by large volumes of crude oil exports from Middle Eastern countries to far-off countries such as Japan and South Korea. Dry bulk vessels are used to transport grain, ores, coal, fertilizers, cement, wood chips and logs domestically and internationally. Container shipping sector is expected to grow at a high rate over the coming years to become the fastest growing vessel category in the world. Containerization is fast catching up with the shipping sector due to advantages such as reduction of transportation costs and increase in speed and efficiency of cargo transportation. Some of the major markets for container shipping include North Atlantic, Trans-Pacific, Far East, Latin America and Australasia. Some of the leading ports of container cargo are Colombo, Salalah, and Singapore.

World marine transportation industry stands enthused by the growing import-export trade between Europe, US, Japan, and Asian countries including China, India, Malaysia, Vietnam, Korea, Thailand, Philippines, and Indonesia. Additionally, innovations in vessel designs such as, self-unloading of ships and use of advanced operational technologies such as, computer aided navigation, Smart and Security Tradelanes (SST), Radio Frequency Identification (RFID), gate control system, liner consortium services and e-commerce services have spurred renewed interest in the marine transportation industry. In addition, the introduction of Integrated Transport Systems and Intermodal Transfers provides opportunity to combine different transportation modes and transfer cargo from one mode to another. Ports are also practicing ‘just-in-time’ inventory management with advanced loading and unloading services. All of these factors are leading to improved and better yard storage, berth handling, and intra-terminal transport, thereby leading to higher growth in terms of increase in marine traffic.

Against a backdrop of a growing shipping sector, several shipbuilding giants are focusing on expanding their operations. Along with the shipping sector, strong growth is also forecasted in the shipping auxiliary services sector comprising of port services including cargo handling; shipping agency and brokerage services; materials and fuel for the marine sector; shipbuilding services; trading and leasing out of vessels; operating bonded warehouses; dismantling services of old ships and equipment; and dredging services.

World marine transportation industry demands huge investment in areas specific to container handling infrastructures such as warehousing facilities, giant cranes, rail access and inland road to streamline the working of ports. Presently however, issues such as, infrastructure insufficiency, jam-packed harbors in peak seasons, rise in trade security, environmental and ecological concerns, continue to plague the industry. Future growth of the industry is largely dependent upon infrastructure expansion, less regulation and free competition.

The report titled “Marine Transportation: A Global Outlook”, published by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers macro level discussions on this infrequently reported industry. In addition to discussions on the industry’s structure, players, and cargo traffic, also included is a special reference to the containerized cargo market. Global cruise ship lines are analyzed by berth ownership for select players, among other parameters such as foodservice purchase, and average food purchases per passenger. Seasoned with unbiased commentaries on the industry’s outlook, and punctuated with 38 market data tables, the industry is summarized to provide the macro picture. Regional markets briefly abstracted include Canada, France, Germany, Italy, Spain, United Kingdom, Ukraine, Australia, China, Indonesia, Philippines, Singapore, Taiwan, Argentina, Brazil, Chile, Colombia, Costa Rica, Nicaragua, Panama, Peru, Venezuela, Nigeria, and South Africa among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 226 companies worldwide.

For more details about this research report, please visit

http://www.strategyr.com/Marine_Transportation_Industry_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

Telephone 408-528-9966

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Web Site http://www.StrategyR.com

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