Industry Analysis & Industry Trends
The Freight Transport by Sea industry in China is mainly engaged in shipping exported items to their destination countries and territories from China. Therefore, industry performance is extremely sensitive to the global economic climate, which determines the demand for Chinese goods.
In 2013, industry revenue is set to reach $30.2 billion, up 8.7% from 2012. However, over the five years through 2013, industry revenue has been falling at an annualized rate of 5.0%. The decline was largely due to the global economic recession, which led to industry revenue dropping sharply by 54.0% in 2009. Moreover, leading markets have not yet entirely recovered.
Over the five years through 2018, ACMR-IBISWorld projects that revenue will grow at an annualized rate of 7.4%.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The International Transportation of Freight by Sea industry is highly concentrated: the top four companies account for an estimated 68.3% of total revenue. These four are large state-owned companies under government administration, which makes it easier for them to get government support. Besides, the low profitability of the industry revent years are expected to discourage new companies from entering the indsutry.
International freight shipping is reliant on high investment into fixed assets like ships, and its business has economies of scale. Therefore, government capital plays a dominant role and the business is concentrated in the major state-owned players.
The concentration level increased slightly over the past five-year period... purchase to read more