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 demand for Chinese goods.
Over the five years through 2015, industry revenue has been increasing at an annualized rate of 4.1%. In 2015, industry revenue is set to reach $35.9 billion, up 7.0% from 2014. Slowing global trade growth has created a large challenge for the development of the industry. In addition, the appreciation of the yuan will limit export growth and industry demand, and subject industry players to exchange losses.... purchase to read more
Industry Report - Industry Analysis Chapter
Transportation by sea is a more economic way to deliver freight to countries worldwide compared with air or rail, especially for international large-quantity cargo transportation. Therefore, the industry shoulders a significant responsibility for transporting goods exported from China to their destination countries. However, it also makes the industry vulnerable to global economic fluctuations.
Since China's accession into the World Trade Organization (WTO), the industry has shipped an increasing amount of domestic products to other countries by sea. Before 2009 and the global economic downturn, the industry was on a remarkable growth trend... purchase to read more