#Dry Bulk Shipping Market Share

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Next-Gen Shipping: Market Forecast and Trends 2024–2030

Cargo Shipping Market Overview

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Report Coverage

The report: “Cargo Shipping Industry Outlook — Forecast (2021–2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Cargo Shipping industry.

By Type: Linear Ships, Tramp Ships.

By Cargo Type: Passenger, Liquid, Container, Dry, General, Bulk, Others.

By Vessel Type: Multi-Purpose Vessels, Dry-Bulk Carriers, Tankers, Container Vessels, Bulk Vessels, Reefer Vessels, Ro-Ro Vessels, Others.

By Vessel Cargo Capacity: <1000 TEU, 1000–4000 TEU, 4000–8000 TEU, 8000–12000 TEU, 12000–16000 TEU, 16000–20000 TEU, >20000 TEU.

By End Use Industry: Food and Beverages, Electrical & Electronics, Manufacturing, Oil & Gas, Metal and Mining, Logistics and E-commerce, Consumer Goods, Chemicals, Medical and Pharmaceutical, Others.

By Geography: North America, South America, Europe, APAC and RoW.

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Key Takeaways

Improving port infrastructures and incorporation of favourable trade agreements overtime is analyzed to significantly drive the cargo shipping market during the forecast period 2021–2026.

Tankers had accounted for the largest market share in 2020, attributed to the factors including longer sailing, involvement of lesser number of ports and many others, making it highly preferable for conducting marine transportation.

Presence of some key players such as Evergreen Marine, Yang Ming Marine Transport Corporation, Pacific International Lines and so on opting for partnerships, product launches or expansion to improve cargo shipping facilities have helped in boosting its growth within APAC region.

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Cargo Shipping Market Segment Analysis- By Vessel Type

By vessel type, the cargo shipping market is segmented into multi-purpose vessels, dry-bulk carriers, tankers, container vessels, bulk vessels, reefer vessels, ro-ro vessels and many others. Tankers had dominated the cargo shipping market with $3234.07 million tons in 2020 and are analyzed to grow at a CAGR of 3.4% during the forecast period 2021–2026. Tankers generally refers to those cargo shipping vessels used in transportation of bulks of liquids and gases, which had emerged as an ideal mode of transportation for chemicals, petrochemicals as well as gas refineries. Oil tankers, chemical tankers, gas carriers are some of the common type of tankers utilized for serving applications based on load carrying capacities for the shipping goods. Compared to other types, these vessels are capable of offering advantages be it longer sailing, involvement of lesser number of ports and so on, thus creating its higher adoption within marine transportation facilities. Factors such as economic slowdown owing to COVID-19, decarbonization measures as well as dropping oil prices are some of the threats encountering the tanker vessels across cargo shipping markets. However, with slow economic recovery post the global pandemic situation, the demand towards crude oil imports or exports are bound to surge in order to begin with various industrial or commercial operations, thereby promoting the market growth of tankers in the long run. In 2021, Shell had signed an agreement to charter crude tankers including very large crude carriers from Advantage Tankers, AET and International Seaways, powered with dual-fuel liquefied natural gas engines. Owing to capability of lowest possible methane slip and highest fuel efficiency with an average 20% less fuel consumption, this is further anticipated to mark an important step towards increasing LNG-fuelled vessels on the water by 2023.

Cargo Shipping Market Segment Analysis- By Vessel Cargo Capacity

By vessel cargo capacity, the cargo shipping market is segmented under <1000 TEU, 1000–4000 TEU, 4000–8000 TEU, 8000–12000 TEU, 12000–16000 TEU, 16000–20000 TEU and >20000 TEU. Vessel cargo capacity of 12000–16000 TEU had held the largest share in the cargo shipping market with of $3269.44 million tons in 2020, thus analyzed to grow further with a CAGR of 4.0% during 2021–2026. Neo panamax vessels with capacity (10000–14500 TEU) and ultra-large container vessels with capacity (14500 and above) have been considered under this segment. Neo panamax refers to those medium to large sized vessels, capable of carrying about 19 rows of containers with a beam of 43 m, with comparable size of Suezmax tankers, while ultra large container vessels are considered as the biggest container ships with capabilities being at least 366 meters long, 49 meters wide, draught of at least 15.2 meters, causing its dominance within the hazardous end-use markets. Due to flexibility perspective, vessels with load carrying capacity ranging from 10000 to 15000 TEU are generally capable of allowing carriers to deploy largest ships which can traverse Panama Canal, gaining popularity in transport of goods including metal ores, coal and so on. In 2020, Evergreen Line had revealed about delivering two 12000 TEU class F-type container ships, featuring an optimized hull design as well as a smart ship system. Since these containers are equipped with a main engine of 58,000 horsepower, along with preventing containers on the deck from affecting the view from the bridge as well as maximizing cargo loadability prior to its configuration, these vessels are further analyzed to create a significant impact towards the market growth of cargo vessels with 12000 TEU capacity in the long run.

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Cargo Shipping Market Segment Analysis- Geography

APAC had accounted for the largest share of $6589.12 Million Tons in 2020, analyzed to grow with a CAGR of 4.1% for the Cargo Shipping market during the forecast period 2021–2026. Growth of various end-use industries including food & beverage, consumer goods and so on, initiatives towards improving as well as incorporating new trade agreements, improving sea port infrastructures, rising technological advancements along with many others can be considered as some of the crucial factors which had attributed towards the market growth of cargo shipping across APAC region. Presence of some of the key cargo shipping companies including Evergreen Marine, Mitsui O.S.K Lines Ltd., Yang Ming Marine Transport Corporation, Pacific International Lines and others have also helped in creating a positive impact within the Asia-Pacific ocean freight shipping facilities. Partnerships, expansion, R & D investments and so on were considered as some of the key strategies adopted by the market players to drive cargo shipping services within the region. In 2020, Yang Ming Marine Transport Corporation announced about expanding its Intra-Asia service networking through extending Japan-Taiwan-South China Express (JTS) to Malaysia, Philippines and Singapore. This expansion was meant to optimize the competitiveness between Japan, Taiwan, South China as well as Southeast Asia, while improving the linkage connection of Yang Ming’s main port, Kaohsiung. Such factors are further set to create a positive impact towards adoption of these shipping services in order to facilitate sea transport in the long run.

Cargo Shipping Market Drivers

Growing initiatives towards improving port infrastructure:

Growing initiatives towards improving port infrastructures either by governmental support or shipping company investments can be analyzed as one of the major drivers impacting the growth of cargo shipping during the forecast period 2021–2026. Port infrastructure plays a crucial role in cargo shipping operations be it handling of bulks of goods, which had been creating high need towards upgrading, modernizing or constructing new ports to support growing trade businesses around the world. Increasing demand towards consumer products, crude oil and many other related commodities have been also raising the requirement of infrastructural growth of sea ports in order to help in meeting the consumer demands overtime. Factors such as adaptive secured communication, IT architecture and so on within the ports are getting introduced to benefit strategic traffic while assisting ship infrastructures, thus positively impacting the cargo shipping growth. Sea port infrastructures have been also getting upgraded with advanced handling systems capable of autonomous or semi-autonomous operation to achieve higher throughput levels. In addition, government along with various private infrastructure companies across developed as well as developing countries have started to focus towards establishing new ports, upgrade or expand the existing ones through investments as a move towards supporting growing trade volumes. In 2021, Adani Ports and Special Economic Zone (APSEZ) had revealed about completing its acquisition of Dighi Port Ltd for a value of INR 705 cr (around $97million), alongside an investment of INR 10,000 cr (around $1375 million) to upgrade the existing port into a multi-cargo port. Such measures are further set to boost the market growth of cargo shipping industry in near future.

Increasing number of trade agreements drives the market forward:

Increasing number of favourable trade agreements in a motive towards enhancing the trade business between countries can be considered as one of the major driving factors impacting the growth of cargo shipping market. Trade agreements are essential towards helping the importers or businesses access to low cost goods at reasonable prices, making it one of the crucial factors to drive better and optimum level of sea trades. Regional trade agreements have been increasing over the years towards extending geographic reach within the last five years, including significant increase in pluri lateral agreements with negotiations, as a way behind improving bilateral relations between developed as well as developing economies across the world. In 2020, various Asia-Pacific countries including China, Japan, South Korea, Australia, New Zealand, Indonesia, Malaysia, Laos, Philippines, Thailand, Myanmar, Cambodia, Brunei, Singapore and Vietnam had signed the Regional Comprehensive Economic Partnership (RCEP), making it one of the largest free-trade agreements. This trade agreement was meant to focus at lowering tariffs, increasing investment as well as streamlining customs procedures in order to facilitate free movement of goods. Such initiatives are further set to strengthen the economic integration between these member countries, while creating more growth opportunities in the cargo shipping market in the long run.

Cargo Shipping Market Challenges

Growing incidences of cargo rollover:

Growing incidences of cargo rollover due to ocean freight supply chain issues act as one of the major challenging factors restraining the market growth of cargo shipping. Cargo rollover situations arise mainly due to growing levels of demand at times of usually low volume or traditional seasonal decline in cargo flows, which tends to create shipping delays. Owing to the increase of container demand from U.S as well as Europe terminals and carriers, the Asian port hubs witnessed a rapid surge in cargo rollover in December 2020. Prior to economic shutdowns amidst the COVID-19 pandemic, there was recovering demand from U.S and Europe during the second half of 2020, resulting in creating disruption in the container shipping sector. Moreover, growing rollover incidences result towards clogging in major ports, forcing various carriers to cancel out sailing in order to catch up with the disrupted schedules. Supply chain disruptions are further poised to continue post the pandemic situation, prior to incapability of meeting increasing shipping requirements simultaneously, thus analyzed to hamper the market growth of cargo shipping services. Additionally, shift towards alternatives like air cargo transport can also adversely impact the cargo shipping prior to ocean freight supply chain disruptions as well as port clogging issues in the long run.

Cargo Shipping Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Cargo Shipping market. The key players in the Cargo Shipping market include A.P Moller-Maersk Group, CMA CGM Group, Evergreen Marine, Hapag-Lloyd, Mediterranean Shipping Company S.A (MSC), China Ocean Shipping (Group) Company (COSCO), Hamburg Sud Group, Mitsui O.S.K Lines, Ltd., Pacific International Lines (PIL) and Yang Mang Marine Transport Corporation among others.

Acquisitions/Technology Launches/Partnerships

In February 2020, a container shipping company, Hapag-Lloyd had launched a remote reefer supply chain monitoring tool, named Hapag-Lloyd LIVE. Development of this real time monitoring solution was done in order to increase transparency of cold chain by providing customers with number of data sets related to condition as well as location of their reefer containers.

In March 2019, Yang Ming announced about the launch of two ultra large container vessels, namely YM Warranty and YM Wellspring, under the 14,000 TEU capacity range. These vessels were designed with a nominal capacity of 14,220 TEU, equipped with 1000 reefer plugs, capable of reaching speeds upto 23 knots.

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[rutujamnm]

Marine Lubricants Market worth $6.9 billion by 2028

The report "Marine Lubricants Market by Oil Type (Mineral Oil, Synthetic Oil, and Bio-Based), Product Type (Engine Oil, Hydraulic Fluid, Compressor Oil), Ship Type (Bulk Carrier, Container Ships), & Region( Asia Pacific, North America) - Global Forecast to 2028", size was USD 6.3 billion in 2022 and is projected to reach USD 6.9 billion by 2028, at a CAGR of 1.5% from 2023 to 2028.

The market is projected to grow because of the enlargement in oceanic tourism. The government in several countries have introduced favorable policies and schemes to encourage oceanic tourism activities. This encourages the use of motorboats, cruise ships, ferries, and other passenger vessels, which will fuel the marine lubricants market. Therefore, the enlargement in oceanic tourism is a crucial driving factor behind the demand for marine lubricants.

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Mineral oil was the largest oil type of the marine lubricants market, in terms of value, in 2022

Due to the availability of light and heavy grades of mineral oils, the marine lubricants are widely produced from mineral oil.  Also, the demand for mineral oil based marine lubricants is high in products such as engines, turbines, stern tubes and compressors. Thus, the mineral oil type segment has largest share in oil type.

Engine oil is estimated to be the largest product type of the marine lubricants, in terms of value, during the forecast period.

Engine oil, hydraulic fluid, compressor oil and others are various market segment based on the product type. From them, during the forecast period, engine oil is projected to hold the largest market share of marine lubricants. The high need for marine lubricants in engines is basically because of the raising ship size which increased engine capabilities and high usage in marine propulsion units.

Bulk carrier is estimated to be the largest ship type of the marine lubricants, during the forecast period, in terms of value.

The bulk carrier, tankers, container ships, and others are various market segment based on the ship type. Amongs them, the major bulk transportation services such as coal, iron ore, packaged good, and other dry bulk are transported through bulk carriers. Also, these ships are especially suggested for transport dry cargo. Thus, the bulk carrier ship type is the largest ship type for the marine lubricants market.

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Asia Pacific is estimated to be the largest market for the marine lubricants market, in terms of value, during the forecast period.

Asia Pacific is projected to be the largest market for marine lubricants, driven by the raising industrialization, rise in exports and low labour cost specially in India and China. Due to this reasons the demand for marine lubricants in Asia Pacific region is increased. The region has experienced rapid economic growth in recent decades, leading to increased maritime trade and shipping activities. The expanding economies of countries like China, India, Japan, and South Korea have resulted in a substantial demand for marine lubricants to support their shipping industries.

The key players profiled in the report include Exxon Mobil Corporation (US), Shell plc (UK), BP p.l.c. (UK), TotalEnergies SE (France), and Chevron Corporation (US).

[trendingrepots]

Cargo Shipping Market - Forecast(2024 - 2030)

Cargo Shipping Market Overview

Cargo shipping market is analyzed to grow at a CAGR of 3.8% during the forecast period 2021-2026 to reach $15,328.65 million tons. Cargo shipping generally refers to the mode of transportation of goods or cargos via sea using container ships or vessels. Different types of vessels are used according to the shipping requirement of the end-users including tankers, reefer vessels, multi-purpose vessels, and so on. Owing to lesser costs along with optimum safe or secured transportation and larger load carrying capacity serves as the key advantages for the sea freight transport compared to others. Factors such as growing initiatives towards enhancing port infrastructures rise of favourable trade agreements, technological advancements and so on are some of the major driving factors impacting the growth of cargo shipping services. In addition, development of low emission container ships to reduce environmental hazards for the water bodies as well as rise of global supply chains can further help in significantly increasing the need for cargo shipping services in the long run.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞

Report Coverage

The report: “Cargo Shipping Industry Outlook – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Cargo Shipping industry. 

By Type: Linear Ships, Tramp Ships.

By Cargo Type: Passenger, Liquid, Container, Dry, General, Bulk, Others.

By Vessel Type: Multi-Purpose Vessels, Dry-Bulk Carriers, Tankers, Container Vessels, Bulk Vessels, Reefer Vessels, Ro-Ro Vessels, Others.

By Vessel Cargo Capacity: <1000 TEU, 1000-4000 TEU, 4000-8000 TEU, 8000-12000 TEU, 12000-16000 TEU, 16000-20000 TEU, >20000 TEU.

By End Use Industry: Food and Beverages, Electrical & Electronics, Manufacturing, Oil & Gas, Metal and Mining, Logistics and E-commerce, Consumer Goods, Chemicals, Medical and Pharmaceutical, Others.

By Geography: North America, South America, Europe, APAC and RoW.

Key Takeaways

Improving port infrastructures and incorporation of favourable trade agreements overtime is analyzed to significantly drive the cargo shipping market during the forecast period 2021-2026.

Tankers had accounted for the largest market share in 2020, attributed to the factors including longer sailing, involvement of lesser number of ports and many others, making it highly preferable for conducting marine transportation.

Presence of some key players such as Evergreen Marine, Yang Ming Marine Transport Corporation, Pacific International Lines and so on opting for partnerships, product launches or expansion to improve cargo shipping facilities have helped in boosting its growth within APAC region.

[fmarkets]

Golden Ocean Group Limited Reports Sharp Decline in EPS for Q4 2023

Golden Ocean Group Limited (NASDAQ/OSE: GOGL), the worldns largest listed owner of large size dry bulk vessels, recently released their unaudited results for the three and twelve months ended December 31, 2023. The financial report highlights a decrease in revenue of -20.449%, which led to a decline in earnings by -75.55% for the most recent fiscal period.In the fourth quarter of 2023, Golden Ocean Group Limited generated revenue of $885.77 million, a significant drop compared to $1.11 billion in the previous year. Similarly, earnings per share (EPS) decreased from $2.29 to $0.56 per share. This decline in profitability is primarily attributed to the challenging market conditions faced by the Cruise and Shipping sector, which experienced a -56.65% decrease in operating earn https://csimarket.com/stocks/news.php?code=GOGL&date=2024-03-20234921&utm_source=dlvr.it&utm_medium=tumblr

[palmoilnews]

GRAINS-Wheat, corn set for biggest annual drop in a decade on improved supplies SINGAPORE, Dec 29 (Reuters) - Chicago wheat and corn futures slid on Friday, with both markets on track for their biggest annual drop in a decade this year as easing supply bottlenecks in the Black Sea region and higher production added pressure on prices. Soybeans were poised for their first annual decline in five years amid plentiful supplies from top exporter Brazil in 2023. FUNDAMENTALS The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 has lost more than 20% of its value in 2023, while corn Cv1 is down more than 30%. Soybeans Sv1 have lost almost 14% this year, the biggest annual fall since 2015. Grain and oilseed prices, which have rallied for the past several years, came under pressure in 2023, easing food supply worries as the opening of new shipping corridor in the Black Sea region boosted shipments from war-torn Ukraine amid higher output in Russia. Soybeans are being weighed down by record supplies from No. 1 exporter Brazil. In 2024, consumers could face tighter supplies amid adverse El Nino weather, export restrictions and higher biofuel mandates. Any disruptions to Black Sea supplies are likely to support prices. A bulk carrier headed to a River Danube port to load grain hit a Russian mine in the Black Sea on Wednesday, injuring two crew members, Ukrainian officials said on Thursday. For Brazil, weather charts showed uneven showers in the week ahead in dry parts of central and northern Brazil before widespread heavy rain expected in early January. Argentine farmers made good progress sowing corn and soy crops following recent abundant rainfall, the Buenos Aires grains exchange said on Thursday, as industry groups prepare to fight government plans to hike export taxes on their produce. The grains exchange said in a weekly report that soybean planting is 78.6% complete after advancing 9.5 percentage points in seven days, while corn planting has also progressed well and is now 69.9% complete. Commodity funds were net buyers of CBOT wheat futures contracts on Thursday and net sellers of soybean, soymeal, soyoil and corn futures, traders said. MARKET NEWS World shares edged up on Thursday as expectations of interest rate cuts stretched a rally in U.S. stocks, while benchmark Treasury yields and the dollar lifted slightly from five-month lows.

[comparediaper]

Navigating the Diaper Jungle: Unveiling the Best Deals for Your Little One

Introduction:

Parenting is an exhilarating journey filled with joy, love, and, let's face it, a fair share of challenges. diapers best deals, an essential part of the parenting arsenal, play a crucial role in ensuring the comfort and well-being of your little bundle of joy. With a plethora of options available in the market, finding the best deals on diapers can be a daunting task. Fear not! In this guide, we'll explore the diaper landscape, helping you unearth the most economical and high-quality options for your baby.

Understanding Diaper Types:

Before delving into the best deals, it's essential to understand the different types of diapers available. The two primary categories are disposable diapers and cloth diapers, each with its own set of advantages and disadvantages.

Disposable Diapers:

Disposable diapers are convenient, hassle-free, and a popular choice among parents for their ease of use. They come in various sizes to accommodate the growth of your baby and are equipped with absorbent materials to keep your little one dry. Many leading brands offer disposable diapers, and competition in the market often results in attractive deals and discounts.

Cloth Diapers:

Cloth diapers, on the other hand, are reusable and environmentally friendly. While they require more effort in terms of washing and maintenance, they can be a cost-effective option in the long run. Some cloth diapers are adjustable to fit your baby as they grow, making them a sustainable choice for eco-conscious parents.

Finding the Best Deals:

Now that we've covered the basics, let's embark on the quest for the best diaper deals. Consider the following strategies to save money while ensuring your baby gets the best care.

Subscribe and Save Programs:

Many online retailers and diaper brands offer subscribe-and-save programs, allowing you to set up regular deliveries of diapers at a discounted price. Subscribing often comes with additional perks such as free shipping, exclusive promotions, and the convenience of not having to worry about running out of diapers.

Bulk Purchases and Warehouse Clubs:

Buying diapers in bulk is a tried-and-true method for saving money. Warehouse clubs like Costco and Sam's Club are known for offering substantial discounts on diapers when purchased in larger quantities. While the upfront cost might be higher, the cost per diaper is significantly lower, making it a cost-effective solution for parents.

Online Retailers and Deals Websites:

Keep an eye on online retailers such as Amazon, Walmart, and Target, which frequently offer promotions and discounts on diapers. Additionally, websites dedicated to deals and coupons often feature diaper bargains. Be sure to explore these platforms regularly to snag the latest offers and promotions.

Manufacturer Coupons:

Diaper manufacturers regularly release coupons that can be redeemed for discounts at various retailers. Check the manufacturer's website, sign up for newsletters, and explore coupon websites to access these valuable coupons. Combining manufacturer coupons with store promotions can result in significant savings.

Cashback and Rewards Programs:

Many stores and online platforms have loyalty programs or cashback offers that can be redeemed on future purchases. By participating in these programs, you can accumulate savings over time. Look for retailers that offer cashback or rewards specifically for baby products, including diapers.

Flash Sales and Limited-Time Offers:

Stay vigilant for flash sales and limited-time offers from both online and brick-and-mortar stores. These sales events can provide substantial discounts, allowing you to stock up on diapers at a fraction of the regular cost. Follow your favorite retailers on social media and subscribe to newsletters to stay informed about upcoming promotions.

Conclusion:

In the vast and diverse world of diapers, finding the best deals requires a combination of savvy shopping, strategic planning, and a dash of patience. Whether you opt for the convenience of disposable diapers or the eco-friendly approach of cloth diapers, there are numerous ways to save money without compromising on the quality of care for your baby.

Remember to explore a variety of avenues, from online retailers and subscription programs to bulk purchases and manufacturer coupons. By staying informed about the latest deals and promotions, you can navigate the diaper jungle with confidence, ensuring both your baby and your budget are well taken care of. Happy diaper hunting!

[certainrebelarbiter]

Autonomous Ships Market share 2030

The global autonomous ships market size was valued at USD 5.21 billion in 2022. The market is projected to grow from USD 5.61 billion in 2023 to USD 9.87 billion by 2030, exhibiting a CAGR of 8.4% during the forecast period.

Autonomous ships refer to ships that are operated remotely or possess high levels of automation. These vessels incorporate cutting-edge Internet of Things (IoT) technology, data analysis technology, and connect to land-based monitoring centers through broadband networks. The increasing adoption of these advanced technologies is expected to fuel the growth of the market. Fortune Business Insights presents this information in their report titled "Global Autonomous Ships Market, 2023–2030."

Major Players Profiled in the Market Report:

ABB (Switzerland)

ASELSAN A.Ş. (Turkey)

BAE Systems (U.K.)

Fugro (Netherlands)

GE (U.S.)

Honeywell International Inc. (U.S.)

Kongsberg Gruppen Maritime (Norway)

L3 ASV (U.S.)

Northrop Grumman (U.S.)

Rolls Royce plc (U.K.)

Siemens Energy (Germany)

Wärtsilä (Finland)

Marine Technologies LLC (U.S.)

Ulstein Group ASA (Norway)

Mitsui (Japan)

Sea Machines Robotics Inc. (U.S.)

Neptec Technologies Corp. (Canada)

Browse Detailed Summary of Research Report with TOC:

COVID-19 Impact

Stringent Regulations During Pandemic On Sea Trade Activities Affected Market Growth

The market growth during pandemic was impeded by production shutdowns, disruptions in the supply chain, and mandatory quarantine periods for crew and staff. Local authorities-imposed restrictions on cargo and passenger ships, preventing them from entering ports. Consequently, merchant seamen had to remain on board, leading to extended stays in territorial waters and additional costs for ship owners.

Russia-Ukraine War Impact

Naval Forces Embrace Unmanned Ships due to their Autonomous Capabilities

Naval forces are increasingly drawn to the advantages offered by autonomous ships compared to traditional manned vessels. The U.S., in particular, has made substantial investments and formulated a strategic plan to procure medium, large, and extra-large "unmanned vehicles" for surface and undersea operations.

Segments:

Several Advantages of Fully Autonomous Ships Propel Segmental Growth

Based on autonomy, the market is classified into partial automation, remotely operated, and fully autonomous. The fully autonomous segment is projected to experience the most significant growth owing to the advantages it offers, including reduced delivery times, shorter port stays, decreased operating expenses, elimination of accidents caused by human error, and lower freight rates.

Hardware Components Spearhead Growth Due to Increased Adoption

Based on the solution, the market is segmented into hardware and software. The hardware segment dominated the market and is expected to continue its dominance. The growth is primarily driven by the increasing uptake of various hardware components, including sensors, GPS trackers, automated navigation systems, propulsion, auxiliary systems, and other essential elements.

Commercial Sector Takes the Lead due to Rising Tourism and Global Trade

By ship type, the market is classified into commercial and defense. The commercial segment is divided into bulk carriers, tankers, dry cargo, and containers. In 2022, the commercial segment claimed the largest market share, driven by the surge in tourism activities and the expansion of international seaborne trade. The International Chamber of Shipping reported that the global shipping industry's annual trade value reached a staggering USD 14 trillion in 2019.

Line Segment Dominates Owing to Increasing Investments

By end-user, the market is segmented into line fit and retrofit. In 2022, the line fit segment emerged as the frontrunner, capturing the largest autonomous ships market share. The remarkable growth of this segment can be attributed to two key factors: the increasing investments made by naval defense forces and the thriving international maritime trade.

From the regional ground, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Report Coverage

The comprehensive market analysis report offers a meticulous examination of key factors, including prominent fleet companies, diverse vessel types, innovative solutions, and major application areas. It provides valuable insights into prevailing market trends and highlights noteworthy industry advancements. Furthermore, the report delves into various direct and indirect factors that have exerted a significant influence on the market's growth trajectory in recent times.

Drivers and Restraints

Technological Advancements Drive Market Expansion: Increasing Investments Fuel Growth

The market is experiencing accelerated growth due to the rising investments made by several countries in high technology. For example, in October 2019, South Korea invested a substantial USD 130 million in an autonomous ship project. This initiative focuses on developing an intelligent navigation system, collision and accident prevention capabilities, and an integrated platform for system management, decision-making, and situational awareness.

However, digitization and automation has increased chances of cyberattacks and may pose challenges to the autonomous ships market growth.

Regional Insights

Asia Pacific Drives Growth Due to Rapid Economic Development and Maritime Trade

In 2022, Asia Pacific emerged as the dominant force in the market, capturing the largest market share. This remarkable growth can be attributed to the region's rapid economic development and the thriving maritime trade activities. The expanding economies and increasing trade volumes in countries across Asia Pacific contribute to the region's market dominance.

North America is experiencing significant growth in the market, fueled by the escalating investments made towards the development of advanced commercial and defense vessels.

Competitive Landscape

Industry Players Drive Business Expansion with Next-Generation Ships and Systems

The key players operating in the market prioritize business expansion through the development of next-generation ships and advanced systems. In October 2022, Kongsberg Maritime, a prominent player in the market, made a significant announcement regarding a supply contract. The company was awarded the contract for the HUGIN Endurance Autonomous Underwater Vehicle (AUV) system, collaborating with an undisclosed partner. 

Key Industry Development

February 2022: Kongsberg Maritime was awarded a contract by Holland Shipyards Group to electrify and automate new ferries. Under the contract, Kongsberg Maritime will supply electrification and control systems with automated functions for up to four new all-electric ferries.

[packaging2]

Container Liner Market: Growth Drivers, Restraints, and Future Trends for 2033

A recent report by Future Industry Insights (FMI) predicts that the container liner market will witness a steady growth rate of 4.6% annually from 2023 to 2033.

The projected growth indicates positive prospects for the container liner market, which is valued at US$891 million in 2023. Container liners are extensively used in multiple industries for efficient bulk packaging and secure transportation of large cargo volumes. They offer a reliable solution to prevent tampering during transit.

The market expansion is driven by the availability of diverse container liner types tailored to meet specific industrial needs. End fill and wide access liners, in particular, are expected to witness high demand in the forecast period.

Various sectors, including agriculture, chemicals, and pharmaceuticals, have recognized the value of container liners in meeting their packaging requirements and ensuring product safety and protection.

Manufacturers have increasingly focused on incorporating recyclable materials like metallized films, polyvinyl chloride (PVC), and polypropylene (PP) in container liner production. This emphasis on environmentally friendly packaging aims to mitigate negative environmental impacts.

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The growing demand for sustainable packaging solutions aligns with the rising awareness of environmental concerns among both consumers and industries. The adoption of eco-friendly packaging initiatives is anticipated to benefit the container liner market significantly.

In summary, the container liner market is poised for growth due to factors such as the availability of various liner types, demand from diverse industries, and the increasing emphasis on environmentally friendly packaging materials. These factors create opportunities for market expansion and advancement.

Key Takeaways from the Container Liner Market:

Polypropylene material holds the dominant share of nearly 40% in the market in terms of material type.

The U.S. is a key market, accounting for approximately 87.8% of the North America container liner market in 2021.

After two consecutive years of marginal sales in 2020 and 2031, the U.K. market is expected to exhibit 5.6% year-on-year growth in the next decade.

Growth in the pharmaceutical sector will support market growth in Germany and France.

Japan will emerge as an attractive market, driven by increasing applications in the building and construction sector

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“Manufacturers are focusing on expanding their footprint globally. As a result there is high focus on strategic collaborations. Besides this, increasing emphasis on launching sustainable packaging solutions will drive growth in the market in the coming years.” says FMI analyst.

Demand for Lightweight Protective Packaging Solution for Bulk Cargo

A new packaging trend of lightweight packaging materials and products is witnessed in the industrial packaging and shipping industry. All requirements of these latest trends are met by container liners used for packaging and transport of dry, liquid and granule form of bulk cargo.

The easy handling of bulk packaging solutions such as container liner, which are easy to store and flexible since it can be folded and can be packed in small sized packs will aid its application. The easy to carry packaging and less space consuming attributes of container liner make them easy to be shipped from manufacturers to end users in a cost effective way.

Container Liner Market Landscape

Berry Global, Inc. and Grief, Inc., are the top players operating in the Container Liner market. Furthermore, LC Packaging International B.V., and Display Pack, Inc., are some of the leading players in the container liner market. Key players contribute almost 30-35% of the global market.

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Marine Lubricants Market Size, Growth and Forecast by Fortune Business Insights

The global marine lubricants market size is anticipated to reach USD 9.47 billion by 2026 owing to the increasing need to protect engines from corrosion. This information is provided by a published report by Fortune Business Insights™. The title of the report is, “Marine Lubricants Market Size, Share & Industry Analysis, By Product (Marine Cylinder Oil, Piston Engine Oil, System Oil, and Others; By Ship Type (Bulk Carrier, Oil Tankers, General Cargo, Container Ships, Others), and Regional Forecast, 2019-2026.” As per this report, the market value was USD 8.01 billion in 2018 and will rise at a CAGR of 2.13% during the forecast period, 2019 to 2026.

The report provides a 360-degree overview of the market, focusing on major growth parameters such as drivers, restraints, challenges, trends, and opportunities. It also offers the competitive landscape of the market and list of leading players. Segmentation of the market based on factors such as product, ship type, and regions is discussed in the report. Apart from this, key industry developments and other interesting insights are provided in the marine lube market report. The report is available for sale on the company website.

Information Source

https://www.fortunebusinessinsights.com/industry-reports/marine-lubricants-market-100423

Drivers –

Rising Focus on Enhancing the Operability of Ship Engines will Drive Market

The rise in fuel prices has propelled shipping companies to operate engines at maximum levels by slow steaming and save fuel. However, marine engines are incapable of operating at reduced rates continuously and this raises the possibility of corrosion in the engine and its associated strained components. For ensuring proper and safe functioning of engines, marine lubricants are a necessity. The above factor stands as a major driver for the marine lubricants market growth. Additionally, the rise in trade relations between nations and the expansion of e-commerce overseas are also helping the market gain impetus.

Furthermore, analysts at Fortune Business Insights™ say “Focus on keeping machines and marine vessels free from corrosion will help the market gain traction in the forecast period. This, coupled with the advent of bio-based lubricants in the market, will create lucrative growth opportunities for the market in the long run.”

Regional Analysis –

Increasing Trade Relations between Developing Nations to Help Asia Pacific Continue Dominance in Market

Asia Pacific holds the majority portion of the marine lubricants market share on account of the presence of large ship fleet companies in the region. These include China Shipping Container Lines, China Ocean Shipping Company, Mitsui O.S.K. Lines, among others. As per the report by The United Nations Conference on Trade and Development (UNCTAD), around 50% of the ships across the world are owned by Asia Pacific Nations. Additionally, the presence of dry docks in this region is high and this also adds to the regional market growth. Furthermore, increasing trade relations between emerging nations such as Taiwan, China, and India, coupled with the rise in the number of naval vessels, will help augment the regional market in the forecast period.

On the other side, the market in North America held a single-digit share earning revenue of USD 3.41 Billion in 2018. This was due to the presence of a few ship owners in the region. However, with a steady increase in trade, this region will witness moderate growth in the foreseeable future.

Competitive Landscape –

Companies Engage in Contracts and Agreements to Stay Ahead of Competition

An estimate of 85% and more of marine lubricants worldwide are sold through supply agreements and contracts instead of being sold at stock price rates. Therefore, to strengthen their network across different ports for worldwide supply, manufacturers are emphasizing on entering into long-term contracts and agreements with shipping companies. For instance, a framework agreement was signed between CCCC Dredging (Group) Co. Ltd. and Shell for supplying marine lubricants and technical services via 700 ports and more in 61 nations across the globe.

Notable Marine Lube Market Manufacturers:

BP p.l.c.

SINOPEC

Repsol S.A.

The PJSC Lukoil Oil Company

Eni oil Products

Exxon Mobil Corporation

Croda International Plc

AvinOil S.A.

Total SA

CEPSA

Royal Dutch Shell Plc

Gazprom Neft PJSC

Chevron Corporation

Others

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Container Fleet  Market Unidentified Segments - The Biggest Opportunity Of 2022

Global Container Fleet Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. Major Players in This Report Include

Maersk (Denmark)

CMA CGM (France)

MSC (Switzerland)

China COSCO Shipping (China)

Evergreen Marine Corporation (Taiwan)

Hanjin Shipping (South Korea)

Hapag-Lloyd (Germany)

Hyundai Merchant Marine (South Korea)

Kawasaki Kisen Kaisha Ltd. (K Line) (Japan)

Mitsui O.S.K. (Japan) A container fleet includes a cargo ships which carry all of their load in truck size intermodal containers, with the help of a method known as containerization. It is a common means of commercial intermodal freight transport and now carry most seagoing non-bulk cargo. The initiation of the container fleeting forms one of the most remarkable developments in the maritime cargo industry. Container fleets, have transformed the mode in which cargo supplies are carried and transported across the globe, by offering assurance of safety and security of thus transported cargo supplies. Market Drivers  Growing Intermodal Transportation

Rising Global Demand from Reefer Container Fleets

Rising Globalization Process and the Large-Scale Adoption of the Container

Market Trend  Increasing Use of Fleet Management System

Opportunities  Advancements in the Overall Operations and Manufacturing of Container Fleets

Challenges  Trade Inequality Causing Low Back-Haul Utilization Rate

The Container Fleet market study is being classified by Type (Dry Container Fleet, Reefer Container Fleet, Tank Container Fleet), Application (Automotive, Oil, Gas and Chemicals, Mining and Minerals, Food and Agriculture, Retail), Container Size (Small Containers (less-than or equal to 20 Feet), Large Containers (20-40 Feet), High Cube Containers (40 Feet)) Presented By

AMA Research & Media LLP

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The global dry bulk shipping market is expected to grow at a CAGR of 4.14% to reach $399.353 billion by 2024 from $313.077 billion in 2018. Stronger industrial production across the globe has benefitted the dry bulk shipping market.

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“Dry Bulk Shipping Market ”report focuses on the market status, future forecast, growth opportunities, market trends and leading players.