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.
Over the five years through 2013, industry revenue has been increasing at an annualized rate of 12.2%. In 2014, industry revenue is set to reach $33.1 billion, up 8.9% from 2013. A new round of oil price increases was announced in 2013 by the National Development and Reform Commission (NDRC), which has created a more challenging environment for industry enterprises. 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
Compared to by rail or air, transportation by sea is a more economic way to deliver freight to countries worldwide, 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 Freight Transport by Sea industry was on a remarkable growth trend... purchase to read more