Industry Analysis & Industry Trends
An overall decline in demand for freight transportation caused nearly all operators to struggle during the recession. However, the overall economic revival will pave the way for industry growth, as demand for waterborne freight shipping, cruise travel and persistently high fuel prices stimulate revenue. Despite these positive factors, external competition will prove to be an imminent threat... purchase to read more
Industry Report - Starting a New Business Chapter
The high start-up costs of equipment (vessels) are a formidable barrier, though depending on the trade or market that the new entrant wishes to enter, second-hand equipment may be adequate. Another recent factor that has affected the number of firms entering the industry has been the global financial crisis. In periods where industry revenue is contracting, it is difficult enough for existing operators to retain their foothold. It is harder still, for a new entrant to carve out a space in a shrinking market.
The dominance of major players can also represent a barrier to entry for new firms. Major operators have existing networks of ports worldwide to and from which they can transport freight... purchase to read more