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 as it determines demand for Chinese goods.
Over the five years through 2016, industry revenue has been increasing at an annualized rate of 4.8%. In 2016, industry revenue is expected to increase to $35.6 billion, up 2.5% from 2015. Slowing global trade volume growth has created a large challenge for the development of the industry.
Over the five years through 2021, ACMR-IBISWorld projects that revenue will grow at the slower rate of of 2.7%.... purchase to read more
Industry Report - Industry Investment Chapter
For every dollar spent on wages, about 2.8 dollars are invested in capital, which indicates a very high level of capital intensity.
Firms in the industry require large purchases on ships, containers and other facilities that shoulder the shipping services. To guarantee shipping safety and avoid unnecessary freight loss, a high cost is also necessary to repair or replace of these freighters. Investment on fixed assets purchases will grow slowly over the next few years in response to over-capacity. However, operating costs related to fuel and technology applications to meet with stricter environmental protection regulations will increase. In addition, companies are also establishing automated systems to trace freight. Whi.. purchase to read more