#Hong Kong Freight and Logistics Market Share

[mordorintelligencemarketresearch]

Understanding the Hong Kong Freight and Logistics Industry: A Market Overview

Introduction 

Hong Kong is often referred to as one of the world's leading logistics hubs. Its strategic location, advanced infrastructure, and business-friendly environment have made it a pivotal point for freight and logistics services in the Asia-Pacific region. This blog explores the current landscape of the freight and logistics industry in Hong Kong, examining key trends, challenges, and opportunities. 

Market Overview 

The Hong Kong freight and logistics market is characterized by a dynamic ecosystem that includes air, sea, and land transport. The city’s deep-water port and international airport are among the busiest in the world, facilitating the movement of goods across borders. 

Market Size and Growth: The Hong Kong freight and logistics market is projected to reach USD 21.40 billion in 2024, with expectations to grow to USD 26.71 billion by 2029. This represents a compound annual growth rate (CAGR) of 4.53% during the forecast period from 2024 to 2029.  

According to recent reports, the logistics sector in Hong Kong has shown steady growth, driven by increased e-commerce activities, global trade, and demand for warehousing and distribution services. The market is projected to expand further as businesses adapt to new technologies and consumer behaviors. 

Key Players: Major companies in Hong Kong’s freight and logistics industry include international giants like DHL, FedEx, and Maersk, as well as regional players who offer specialized services. The competitive landscape is continuously evolving with new entrants focusing on niche markets. 

Key Trends 

E-commerce Boom: The rise of e-commerce has dramatically influenced the logistics sector. Consumers expect quick delivery times, prompting logistics companies to innovate their supply chain strategies and enhance last-mile delivery services. 

Technology Adoption: The integration of technology in logistics, such as IoT, AI, and big data analytics, is reshaping operations. Companies are leveraging these technologies for better inventory management, route optimization, and enhanced customer service. 

Sustainability Initiatives: With increasing awareness of environmental issues, many logistics companies are prioritizing sustainable practices. This includes adopting green transportation methods, reducing packaging waste, and improving energy efficiency in warehouses. 

Challenges 

While the future looks promising, the freight and logistics industry in Hong Kong faces several challenges: 

Infrastructure Strain: The rapid growth in logistics demand has led to congestion in ports and road networks. Upgrading infrastructure to accommodate this growth is critical. 

Regulatory Compliance: Navigating the complex regulatory landscape can be challenging for logistics providers, especially in terms of customs procedures and trade compliance. 

Labor Shortages: The logistics sector is experiencing a shortage of skilled labor, which can hinder operational efficiency and growth. Companies need to invest in training and development to attract and retain talent. 

Opportunities 

Belt and Road Initiative: Hong Kong stands to benefit from China’s Belt and Road Initiative, which aims to enhance connectivity and trade across Asia and beyond. This presents opportunities for logistics providers to expand their services. 

Smart Logistics: The shift towards smart logistics solutions offers a plethora of opportunities. Companies that invest in automation and advanced analytics can streamline operations and improve customer satisfaction. 

Cross-Border E-commerce: As more businesses look to expand their reach, cross-border e-commerce logistics presents a significant opportunity for growth. Tailoring services to facilitate international shipping can attract new clients. 

Conclusion 

The Hong Kong freight and logistics industry is poised for continued growth and transformation. By embracing technological advancements, addressing infrastructure challenges, and capitalizing on emerging opportunities, stakeholders can navigate this competitive landscape effectively. As Hong Kong solidifies its position as a logistics hub, the future holds promise for businesses willing to adapt and innovate.    For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence: https://www.mordorintelligence.com/industry-reports/hong-kong-freight-logistics-market-study 

[sunnyworldwidelogistics]

How Much Amazon Clients Trust Sunny Worldwide Freight Forwarder China, Even Letting Us Help with Inventory Counting

I have a Chinese client in the clothing business who sells on Amazon in the UK. Since his factory is in China, he relies on freight forwarder China. Initially, he shipped about twice a month, each time around 100 kilograms.

The client has a processing factory in Guangzhou, and each time Sunny Worldwide Freight Forwarder China would pick up the goods from the factory and arrange air transport from Shenzhen to the UK. Upon arrival in the UK, we would assist with customs clearance and delivery. As the client’s business grew, he began shipping more frequently, eventually moving to almost daily shipments, and established an office and a pattern-making company in Guangzhou. His number of processing factories increased, and so did his interactions with Sunny Worldwide Freight Forwarder China.

With this growth came new challenges for Sunny Worldwide Freight Forwarder China. The client’s high sales volume meant that sometimes the factory couldn’t prepare the goods in time, but they still needed to catch the next day's flight. Renting a container truck each time wasn’t feasible, either because the trucks were occupied or it was too late in the day. This is where the advantages of Sunny Worldwide Freight Forwarder China became evident. Our company owns a fleet of container trucks, and we have an experienced driver, Mr. Zong, who has 30 years of experience. He is not only skilled and dedicated but also responsible for counting the goods during loading, showing the client’s trust in us.

Sunny Worldwide Freight Forwarder China uses its own developed ERP software to manage inventory and share data with clients, making us unique in the domestic market. We have our own logistics fleet and operate out of an 1800-square-meter Grade A office building in a commercial area of Shenzhen, unlike small freight forwarders operating out of rented spaces in villages.

If unexpected situations occur at the bonded warehouse or airport, Mr. Zong, with his extensive experience, often handles them without needing to communicate with the company. We tailor our services to the client’s needs, significantly improving efficiency.

There are times when we pick up goods at 2 a.m. or 5 a.m. to meet deadlines. Sunny Worldwide Freight Forwarder China understands that the client’s business on Amazon relies on consistent stock availability, as running out of stock can quickly drop their rankings.

From shipping twice a month to almost daily shipments, the client’s business has grown continuously, and Sunny Worldwide Freight Forwarder China has continually adjusted our solutions. Whether shipping from Shenzhen, Guangzhou, Hong Kong, or even Shanghai and Beijing, our goal remains to deliver the goods to the client’s warehouse in the shortest time and at the best price. This ensures that the client repeatedly chooses Sunny Worldwide Freight Forwarder China and remains satisfied with our service.

As an experienced freight forwarder China, we not only provide logistics services but also assist with other tedious tasks for our clients. Whether contacting suppliers for special purchases or handling miscellaneous tasks, we manage everything without charging extra fees, only the logistics service fees. This allows our clients to focus on their core business without worrying about other issues.

Over the years, we have provided the maximum level of service to support the client's business growth. The client recognizes our efforts and dedication, understanding that we are a trustworthy freight forwarder China.

As a freight forwarder China company with 25 years of experience, we care more about our clients' needs than they do. Our punctuality rate is 99%, barring natural disasters or unforeseen circumstances. If you have international transportation needs, please contact us at jerry@swwlogistics.com.cn. We are confident you will be satisfied.

[sanjeev3214]

Air Cargo Market Size, Share, Revenue & Industry Report 2030

Air Cargo Market Overview

The air cargo industry is anticipated to reach USD 130.19 billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030. This sector is undergoing significant transformations, particularly with the adoption of advanced technologies like robotics, artificial intelligence (AI), Big Data, and the Internet of Things (IoT). These innovations are enhancing efficiency across various operations, from flight operations to revenue accounting and network planning.

Market Dynamics

Drivers:

E-commerce Growth: The surge in e-commerce, especially from regions like East Asia, is a primary driver. Airlines report that e-commerce now contributes over half of their revenue from this region.

Technological Advancements: The adoption of robotics, AI, and IoT in air cargo operations is streamlining processes and improving efficiency.

High-Value Shipments: Increasing transportation of high-value items like electronics, pharmaceuticals, and perishables is boosting market growth.

Restraints:

High Costs: The significant costs associated with air cargo services, including high crude oil prices, can hinder market growth.

Infrastructure Needs: Effective air cargo services require substantial infrastructure investments, which can be a barrier for some regions.

Technological Impact: The air cargo sector is increasingly leveraging advanced technologies. For instance, 68% of biotech products are temperature-sensitive, necessitating sophisticated cool-chain technologies. Companies like Pelican BioThermal are at the forefront, providing innovative cold-chain solutions essential for the biopharmaceutical sector.

Market Segmentation

By Type:

Airmail

Air Freight: Dominates the market due to its extensive use for high-value and time-sensitive shipments.

By Service:

Normal Service

Express Service: Holds a significant market share, driven by the need for quick delivery times in the e-commerce sector.

By Destination:

International Market

Domestic Market: The domestic segment led the market in 2018 and continues to be crucial due to rising internal trade activities.

By End-User:

Automotive

Consumer Electronics

Pharmaceutical and Healthcare: This sector holds the largest share due to the critical nature of timely and safe delivery.

Food and Beverages

Retail

Regional Analysis

Asia-Pacific: The fastest-growing region, driven by booming e-commerce in China, India, and Australia.

North America: The second-largest market, supported by advanced infrastructure and major industry players.

Europe: Holds a significant share due to well-established logistics networks and technological advancements.

Latin America and the Middle East & Africa: These regions have the least market share, constrained by inadequate infrastructure and lower disposable incomes.

Major Players in the Air Cargo Market

Qatar Airways (Qatar)

Etihad Airways (UAE)

International Consolidated Airlines Group, SA (UK)

All Nippon Airways Co., Ltd (Japan)

Deutsche Lufthansa AG (Germany)

Japan Airlines (Japan)

The Emirates Group (UAE)

Singapore Airlines (Singapore)

Cargolux (Luxembourg)

Korean Air (South Korea)

China Eastern Airlines Corporation Limited (China)

Cathay Pacific Airways Limited (Hong Kong)

DHL International GmbH (Germany)

United Parcel Service of America, Inc. (US)

FedEx (US)

Recent Developments

February 2022: AP Moller-Maersk acquired Pilot Freight Services for USD 1.6 billion, enhancing their air freight capabilities.

February 2022: Flexport placed an advanced purchase order for Natilus's cargo UAVs, highlighting a shift towards autonomous air freight technology.

Conclusion

The air cargo market is poised for significant growth, driven by technological advancements, the rise of e-commerce, and the increasing demand for quick, efficient delivery of high-value goods. Despite challenges like high costs and infrastructure needs, the sector is set to expand, with major players continuously innovating to meet global demands.

[ellinapark]

Air Cargo & Freight Logistics Market to Scale New Heights as Market Players Focus on Innovations 2023 – 2028

Global Air Cargo & Freight Logistics 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:

FedEx (Federal Express) Corporation (United States)

Expeditors International (United States)

United Parcel Service Inc. (United States)

Kuehne + Nagel (Switzerland)

CEVA Logistics (Switzerland)

Bollore Group SDV (France)

Deutsche Post DHL (Germany)

DB Schenker (Germany)

Korean Airlines (South Korea)

The Emirates Group (United Arab Emirates)

Cathay Pacific Airways Limited (Hong Kong)

Cargolux Airlines International S.A (Luxembourg)

China Airlines Ltd (China)

Japan Airlines Co. (Japan) Air transport is vital for manufactures trade, particularly trade in component which is major part of cross border trade. Freight transporting companies arrange transport facilities and take the full responsibility for consignments as per the terms agreed. Rising trade activities backed by favorable government initiatives is driving the Air cargo & Freight Logistic market. Nowadays customer seeks to improve their supply chains, hence freight transport companies are focusing towards customized value added services to increase the high margins. In recent year Air freight transport has seen significant rise and as IATA (International Air Transport Association) forecasts, Air cargo to carry to 62.5 Million tons in 2018 which is approximately 5% on the 59.9 Million tons in 2017. Market Drivers Increased Globalization due to Rapid Growth of Some Developing Countries

Growing demand for pharmaceutical products, chemical and valuables

Just in time production of goods 

Market Trend Stringent government rules and regulation

Buyers are increasingly looking forward for end to end supply chain solution for quick results

Opportunities Warehousing Services to integrate with the air e-commerce channel

Challenges Complex process due to activities running simultaneously

Dependency on Few Developed Countries fulfilling Global Demand and Supply

The Air Cargo & Freight Logistics market study is being classified 820

Presented By

AMA Research & Media LLP

[sanemyamen]

Air Cargo & Freight Logistics Market Growing Popularity and Emerging Trends in the Industry Analysis by Key Players

Latest business intelligence report released on Global Air Cargo & Freight Logistics Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Air Cargo & Freight Logistics market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis are FedEx (Federal Express) Corporation (United States),Expeditors International (United States),United Parcel Service Inc. (United States),Kuehne + Nagel (Switzerland),CEVA Logistics (Switzerland),Bollore Group SDV (France),Deutsche Post DHL (Germany),DB Schenker (Germany),Korean Airlines (South Korea),The Emirates Group (United Arab Emirates),Cathay Pacific Airways Limited (Hong Kong),Cargolux Airlines International S.A (Luxembourg),China Airlines Ltd (China),Japan Airlines Co. (Japan) Air transport is vital for manufactures trade, particularly trade in component which is major part of cross border trade. Freight transporting companies arrange transport facilities and take the full responsibility for consignments as per the terms agreed. Rising trade activities backed by favorable government initiatives is driving the Air cargo & Freight Logistic market. Nowadays customer seeks to improve their supply chains, hence freight transport companies are focusing towards customized value added services to increase the high margins. In recent year Air freight transport has seen significant rise and as IATA (International Air Transport Association) forecasts, Air cargo to carry to 62.5 Million tons in 2018 which is approximately 5% on the 59.9 Million tons in 2017. Key Market Trends: Stringent government rules and regulation

Buyers are increasingly looking forward for end to end supply chain solution for quick results

Opportunities: Warehousing Services to integrate with the air e-commerce channel Market Growth Drivers: Increased Globalization due to Rapid Growth of Some Developing Countries

Growing demand for pharmaceutical products, chemical and valuables

Just in time production of goods 

Challenges: Complex process due to activities running simultaneously

Dependency on Few Developed Countries fulfilling Global Demand and Supply

The Global Air Cargo & Freight Logistics Market segments and Market Data Break Down by Application (Food, Industrial Materials, Equipment, Other), Destination (Domestic, International), Service Type (Express, Regular)

Presented By

AMA Research & Media LLP

[asiabchongkong]

Strong Economic Position

Hong Kong and Singapore share distinct strengths that enable Offshore company to thrive in their respective cities: a stable economy, cutting-edge telecommunications, and competitive infrastructures. Aside from that:

Hong Kong

Because of its free trade, free enterprise, and free-market regulation, it is regarded as the World's Freest Economy.

To provide a safe environment and sound legal framework for international businesses, the city strictly enforces an anti-corruption policy.

Shipping, logistics, and freight forwarding are all efficient and inexpensive in Hong Kong.

Singapore

Singapore has a strong trade and investment environment, with primary foreign exchange dealers, ranking the city third in the world as the largest foreign exchange center.

The region encourages the development of digital banking platforms as part of a larger FinTech ecosystem to cater to their investors' overseas transactions.

A dynamic exporter specializing in electronics, machinery, and equipment, making it easier for entrepreneurs to find buyers.

[weepingengineerpuppy]

Cargo Transportation Market Forecast to 2027

The global cargo transportation market is growing continually. Market growth attributes to the rising need to create the highest levels of confidence around cargo transportation and visibility from order to cargo deliverance processes. Logistic businesses worldwide are flourishing with rapid digitization and automation. Growing uses cargo transportation services across industries, and logistic businesses escalate the market growth.

With the rising export-import trades and shipment & courier business globally, the market is projected to perceive substantial traction in the recent future. In this regard, Market Research Future (MRFR) states that the global cargo transportation market is expected to garner significant gains by 2026, growing at a 6.8% CAGR during the review period (2020 – 2026).

Advances in Technologies and Production & Manufacturing Processes Scale-up Cargo Transportation Market

Additionally, the rising need for improved productivity, performance and security of logistics-intensive businesses bolster the growth of the market. Logistics service providers (LSPs) that find it difficult to shell out high transportation costs and an inferior customer experience create substantial market demand. Increasing adoption of cargo transportation services to plan, allocate, and execute shipments, push the market shares.

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Furthermore, the rising demand for software-as-a-service solutions to route, schedule, track, and measure delivery resources boosts market size. Forward-looking companies constantly think about creating value with innovations that can take customer experience to the next level. Increasing demand for advanced solutions that can monitor the location and other critical cargo parameters like acceleration events pushes the market size further.

Global Cargo Transportation Market - Segmentation

The report is segmented into types, shipment categories, applications, and regions. The type segment is sub-segmented into rail transportation, road transportation, air transportation, and sea transportation.

The shipment category segment is sub-segmented into freight, parcel, express, and others. The application segment is sub-segmented into construction & mining, oil & gas, healthcare, food & beverages, and others. The region segment is sub-segmented into North America, Europe, Asia Pacific, and the Rest-of-the-World.

Global Cargo Transportation Market - Regional Analysis

North America dominates the global cargo transportation market. The largest market share attributes to the increasing industrialization and increasing commercial & military activities in the region. Besides, the rapidly increasing investments and demand for cargo transportation propel the regional market.

Increasing imports and exports, alongside the huge demand for logistic services, impact the market growth positively. Furthermore, the growing e-commerce industry and huge demand for online shopping in the region fuel the market growth.

 Global Cargo Transportation Market - Competitive Analysis

Highly competitive, the cargo transportation market appears to be fragmented, with several well-established players forming a competitive landscape. These players incorporate strategic approaches such as mergers & acquisitions, collaboration, partnership, expansion, and product/ technology launch to maintain their positions and gain a competitive advantage in this market. These players focus on new product development initiatives and geographical expansion.

Major Players:

Players leading the global cargo transportation market include Amerijet International Airlines (US), Crowley Maritime Corporation (US), DSV Panalpina A/S (Germany), Expeditors (US), Bohnet GmbH (Germany), Schumacher Cargo Logistics Inc. (US), APL (US), Orient Overseas Container Line Limited (Hong Kong), Panalpina Welttransport Holding AG (Switzerland), ISDB Logistik GmbH (Germany), Accenture PLC (Ireland), Manhattan Associates (US), and CEVA Logistics (UK), among others.

Industry/ Innovation/ Related News

July 21, 2021 --- Arkema (France), a major specialty materials manufacturer, announced a partnership with Nexxiot AG, a leading digital logistic solutions provider, to revolutionize chemical transportation using sustainable cargo transports. Arkema would now harness Nexxiot logistics digitization capabilities, such as IoT devices and intelligent cloud platforms, to digitize its Isotank (tank container) and rail freight wagon fleet. The partnership would deliver end-to-end visibility for Arkema customers to improve quality standards and transform the overall service experience.

Get Complete Report @ https://www.marketresearchfuture.com/reports/cargo-transportation-market-10192

[krisshthings]

Import Export Trade Data Report

Import trade is the procurement of goods and service purchase from an international country.Export trade is the sale of goods and services to another country. Export and import are vital for the development and growth of a country’s economy to produce the best possible product or service at the best rates. It allows resources to be redistributed from countries with excess to countries with shortfall.  

We create the import trade data and export trade data from the import-export documents created for import-export trade. We collect the data from the best sources like the government department (customs department, port authorities, and government bodies), logistics bodies, and trade associations. 

The databases typically contain the following information:-

Date of shipment

Importers name and importers address

Exporter name and exporters name

HSN Code

Product description

Unit Quantity and total quantity of shipment

Value in local currency and USD

Transportation mode

Country of origin and port

Destination country and port

International traders get updated market information from the import trade data. They use the data to get the updated market share of products they supply or purchase. They maximize their profit at minimal risks. Importers and exporters can check the current price and volume of products traded into the global markets. They study the demand supply-chain of various products. Traders study market trends and take suitable business decisions.

The import trade data of India the top imported commodities are:-

Mineral fuels, oils and waxes, and bituminous substances (27 % of total imports)

Precious and semi-precious stones, and jewelry (14 of total imports)

Electrical machinery (10 % of total imports)

Nuclear reactors, boilers, and mechanical machinery (8 % of total imports)

Organic chemicals (4 % of total imports)

Traders can explore the export trade data to find suppliers or buyers of the product. They use the database to look for new markets and opportunities to diversify. Freight companies use the data to understand peak seasons and identify the chief ports of the country. They can find new customers to transport commodities. Financial sectors study export trade data to understand international trade and analyze the risks.

The export trade data of India shows the top export partners are:

The United States of America

United Arab Emirates

Hong Kong

China

Singapore

[blogtechfuturemrfrworld]

Railway Management System Market Key Highlights and Future Opportunities

Market Analysis

The railway management system market is likely to grow at a healthy 11.02% CAGR between 2019- 2025 states the recent Market Research Future (MRFR) analysis. The railway management system includes different services and tools which help in better railway industry management. The system comprises rail-facility information management, station control and communication network, maintenance and support, power supply and infrastructure management, traffic planning, and others.

Various factors are propelling the global railway reservation management system market share. As per the current MRFR report, such factors include the growing demand for swift and cost-effective transportation, demand for improved efficiency in the rail industry, high demographic growth, adoption of automation technologies, and IoT to enhance optimization, hyper-urbanization, and favorable government initiatives. Additional factors adding market growth include the emerging trend of smart cities, technological advances, digitalization trend in rail transport, rising adoption of cloud-based and AI services, PPP models, and rapid urbanization.

On the contrary, immature market conditions, integration complexities with legacy systems, huge initial investment, and the COVID-19 impact are factors that may limit the global railway management system market growth over the forecast period.

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Market Segmentation

The MRFR report provides an inclusive segmental analysis of the global railway management system industry report based on service and solution.

Based on solution, the railway management system market has been categorized into freight information systems, passenger information systems, rail analytics, rail security, rail communication & networking systems, rail maintenance management systems, rail control systems, rail asset management systems, rail traffic management systems, and rail operations management systems. Of these, the rail traffic management systems segment will lead the market over the forecast period.

By service, the global railway management system market is segmented into support and maintenance, system integration & deployment, and consulting system integration. Of these, the system integration & deployment segment will dominate the market over the forecast period.

Regional Analysis

Based on the region, the railway management system market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Middle East and Africa (MEA). Of these, the APAC region will dominate the market over the forecast period. Increasing GDP of the countries, increasing investments in digital transformation, and the rising use of new technologies are adding to the global railway management system market growth in the region. India, Hong Kong, Korea, China, Singapore, and Australia have a maximum share in the market as they are making rapid investments in technological transformation.

The global railway management system market in Europe is predicted to hold the second-largest share over the forecast period. Growing demand for railway management system tools, increasing use of the Internet of Things (IoT), and adequate technology infrastructure is adding to the global railway management system market growth in the region.

The global railway management system market in North America is predicted to have healthy growth over the forecast period. Increasing adoption of advanced technologies, robust infrastructure, stringent government regulations, and presence of leading industry players that are implementing strategic initiatives for expanding their product portfolio with rail solutions such as signaling systems, rail maintenance subsystems, and services are adding to the global railway management system market growth in the region.

The global railway management system market in the MEA is predicted to have sound growth over the forecast period. The growing demand for the technological upgrade in railway infrastructure is adding to the railway management system market growth in the region.

Key Players

Eminent players profiled in the global railway management system market report include Sierra Wireless, Eurotech, Eke-Electronics, DXC Technology, Thales Group, Nokia Networks, Tech Mahindra, Toshiba, ATOS, Ansaldo, Siemens, Indra Sistemas, Huawei, Bombardier, Hitachi, IBM, ABB, General Electric, Cisco, and Alstom, among others.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future 528, Amanora Chambers, Magarpatta Road, Hadapsar Pune – 411028, Maharashtra, India Email: sales@marketresearchfuture.com

[cinnamon-sorceress]

To "devalue" items and develop a simplified style of trademarked logistics, Taptot use the "swap neighborhood" to meet the real requirements of human life

Regarding the donation and auction of second-hand products, the existing investing platforms such as for example open atmosphere, Facebook clubs, revolving auctions, and shrimp purchasing are mostly completed at discounted prices and bartering, although due to technological advances, investing The process has become increasingly more convenient, however the buyers and retailers inevitably still need to communicate and make a deal prices before the transaction. That is still a bit troublesome for users who are desperate to cope with idle items. "To be able to solve the problem, we have produced a straightforward and unique stage exchange mechanism. The items over the Taptot platform haven't any value distinction and are all 1 factors." said Taptot co-founder and CEO Lin Shoulong. The thought of ?€his entrepreneurial issue is mainly based on the experience that when I moved back to Taiwan from america that year, although there were plenty of second-hand items and furniture that I needed to get rid of, I couldn't find an effective discussing channel, and I could only throw it away with the pain. From left: Marketing Specialist Zhuo Yahan, Specialized Movie director Chen Yujia, Co-founder Lin Shoulong, Mature Marketing Expert Huang Li Yihe Dah Sing Pictures "To be able to reduce waste materials, I started to think about whether there is a better solution to share useful items with others." Lin Lin Shoulong mentioned that Taptot aims to become an internet social sharing system. Users can provide, share or donate useful items through the App. The process is simple and intuitive. No extra transaction procedures are required. You may get 1 point so long as you put it on the shelf and total a deal. , The points you get may be used to exchange for just about any shared items on the webpage, one item at the same time, completely free, no value distinction, and no complex information filling procedure, one click, you can get and share products. To be able to simplify the user's deal process and develop a patented logistics program. To be able to simplify and optimize the exchange procedure, Taptot puts the idea of ?e-value??through the entire service. For users, if they want to list or obtain almost everything on Taptot, Not based on its worth, but more focused on demand. Furthermore, to be able to better apply the core idea of "click and get", Taptot is rolling out a shipping model that subverts the previous online purchasing. "We have created a patented method to market sharing, known as the TLC (Taptot Logistic Comfort) program." Lin Shoulong discussed that unlike some other auction sites, users won't need to fill in trivial receiving information, and senders don't need to understand who or where they reside. They just need to send the quantity sent by the platform towards the supermarket to deliver the delivery, or Await home delivery to pick up the products before shipment. Taptot user web page Taptot "We integrate TLC (Taptot Logistic Comfort) on the platform, as well as the digesting of intermediate details is linked to the logistics sector. Both parties just need to enjoy the procedure for service, producing the sending just like a text message. Comfort.??Lin Shoulong described that the system currently supports three logistics strategies, including collection and payment at FamilyMart convenience store, Palm Package, and home shipping. Both parties to receive and send can pick the method of delivery, as well as the sender may also decide which method it ought to be. Or the other party will keep the freight. "To be able to enrich the logistics stations for delivery and pickup, in addition to the existing channels in the future, we will also cooperate with Chunghwa Post and 7-11 Unified Supermarket to make Taptot's logistics network more finish." Lin Shoulong added, in addition to domestic For transportation, Taptot is a lot more getting excited about cross-border sharing. Beginning next calendar year, the Asian marketplace would be the starting point, with Japan, Hong Kong, South Korea, Singapore, etc., where the logistics system is relatively created. Taptot user web page Taptot aims to become a social sharing platform. Taptot will continue steadily to stimulate traffic to promote revenue. Because the establishment from the Taptot platform in September 2017, it offers accumulated more than 87,000 distributed magazines and regained the worthiness greater than 50,000 products. In the past two years, the platform continues to be adhering to the concept of circular economy and sustainable residing, which is inevitable that it's usually equated with "social enterprise". However, co-founder Lin Shoulong explained that Taptot's supreme goal would be to create a pleasant resource sharing Network has turned into a social sharing system. Therefore, with regards to profit and charging models, all of the advertising revenue versions that social media marketing can do will be the directions they're working on. "Recently, 100 different sponsors in the platform have provided trial deals and discount coupons to users." Lin Shoulong stated that there are no restrictions for the types of items users can share in Taptot, so it includes services, coupon codes, and food. What can be shared. Regarding the handling of customers' illegal entries, Taptot's Movie director of Design and Marketing Roger shared the fact that team uses real-time supervision and reports from others to prevent users from breaking the rules of the platform. ?As long as it's an account that conducts useful dealings or uploads illegal items on Taptot. , We will remove it based on the rules." Until now, Taptot has mainly profited through sharing with logistics companions. Recently, it has additionally started to cooperate with small and medium-sized influencers to handle online and offline routines to attract fans' interest and increase advertising and sponsorship revenue. Along with borrowing shared objects to get Take Points, users may also earn points by taking part in O2O activities and inviting close friends to join members. "At this stage, the flow of points can promote more frequent swap of assets and achieve the purpose of stimulating traffic growth. "Lin Shoulong mentioned. Create a brand-new community design to break the boundaries of virtual communication through one-click delivering. Although the management of social platforms is very troublesome, it is also because Taptot upholds the idea of "community" that a lot more unique exchange articles can appear on the platform. For example, there is a surfing trainer who exchanges one hour of surfing teaching for a time communicating with like-minded buddies." Lin Shoulong contributed that in the platform, hand-made sweets, breakfast, a vacation, and guitar teaching have all made an appearance before. Exchange themes. Along with one-to-one interaction, to be able to increase the interaction between users, Taptot in addition has recently developed a "community" functionality to enable customers with the same interests and needs, such as: photography community, mother and kid community, and solution There are channels for material swap such as volume exchange. Even understanding that in this period when social media is nearly monopolized, it is difficult to rebuild the city and accumulate customers. The Taptot group still believes that a brand-new community model will be its benefit. They hope to achieve that 1 day in the foreseeable future, users can receive a friend's birthday information through the platform, find the related item from his want list, pay out 1 point, and deliver the present to the other party. "Over the Taptot platform, the community is no longer just virtual, but can lengthen to real life. As well as the "Happy Birthday" in the graffiti wall, we are able to give each other gifts they want without spending a dime." Lin Shou Long said. Q: Make sure you briefly describe the support content of your company? "Taptot can be an online social sharing platform that makes the behave of giving, discussing, and donating items and services more convenient through social networking.

Taptot aims to improve the intrinsic worth and reduce waste of belongings one possesses but does not have much make use of for. You can post items they would like to give away on Taptot and freely take items submitted by others on the platform. Taptot allows a user to share or get rid of something that is not any longer required or desired, and in exchange, get something they need or require that someone else will not. It fosters social media and creates a fresh dimension of interpersonal engagement." Q: What's most often asked by customers or traders? How would you respond? Q: Would people really reveal good items? A: Yes, definitely, because it is a social sharing system, your friends and households would see what you are revealing, and besides our TakePoint system forces them to talk about good items, or else they won't possess any TakePoint to consider what they want for free. " Stellar Q: To achieve the next objective, what resources does the team currently lack? Funding! We are currently looking for a bridge finance to obtain us prepared for Series The. Company Information Corporation Name: Taptot Ltd. Date of establishment: 2017/9/25 Product name: Taptot Online period: 2017/12/9 Number of businesses: 13 Official Website嚚ew Creation Database

[ellinapark]

Air Cargo & Freight Logistics Market to Scale New Heights as Market Players Focus on Innovations 2022 – 2027

Global Air Cargo & Freight Logistics 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:

FedEx (Federal Express) Corporation (United States)

Expeditors International (United States)

United Parcel Service Inc. (United States)

Kuehne + Nagel (Switzerland)

CEVA Logistics (Switzerland)

Bollore Group SDV (France)

Deutsche Post DHL (Germany)

DB Schenker (Germany)

Korean Airlines (South Korea)

The Emirates Group (United Arab Emirates)

Cathay Pacific Airways Limited (Hong Kong)

Cargolux Airlines International S.A (Luxembourg)

China Airlines Ltd (China)

Japan Airlines Co. (Japan) Air transport is vital for manufactures trade, particularly trade in component which is major part of cross border trade. Freight transporting companies arrange transport facilities and take the full responsibility for consignments as per the terms agreed. Rising trade activities backed by favorable government initiatives is driving the Air cargo & Freight Logistic market. Nowadays customer seeks to improve their supply chains, hence freight transport companies are focusing towards customized value added services to increase the high margins. In recent year Air freight transport has seen significant rise and as IATA (International Air Transport Association) forecasts, Air cargo to carry to 62.5 Million tons in 2018 which is approximately 5% on the 59.9 Million tons in 2017. Market Drivers Increased Globalization due to Rapid Growth of Some Developing Countries

Growing demand for pharmaceutical products, chemical and valuables

Just in time production of goods 

Market Trend Stringent government rules and regulation

Buyers are increasingly looking forward for end to end supply chain solution for quick results

Opportunities Warehousing Services to integrate with the air e-commerce channel

Challenges Complex process due to activities running simultaneously

Dependency on Few Developed Countries fulfilling Global Demand and Supply

The Air Cargo & Freight Logistics market study is being classified 820

Presented By

AMA Research & Media LLP

[un-enfant-immature]

China’s logistics titan YTO nets close to $1B from Alibaba in overseas push

E-commerce has brought in a logistics boom in China over the last decade, transforming small-town delivery businesses into multinational corporations. One leading player, YTO, is gearing up for international expansion after it secured 6.6 billion yuan or $970 million from its long-time ally and client, Alibaba.

20-year-old YTO announced this week it will sell 379 million shares to Alibaba at a price of 17.4 yuan per share, lifting Alibaba’s stakes in YTO from 10.5% to 22.5%. The founding couple of YTO owns a controlling stake of 41% via their wholly-owned firm after the transaction.

The new investment, according to the notice, will allow Alibaba and YTO to deepen collaboration on areas including delivery, air freight, global network and supply chains and digital transformation as part of their ambition to beef up their global reach.

An Alibaba spokesperson said the company is “pleased to further strengthen the strategic partnership with YTO, focused on digitization and globalization to enhance the customer service capabilities.”

YTO, which commands a 14% share of China’s express delivery market, is among the five logistics behemoths that hail from eastern China’s rural county of Tonglu. Along with rivals STO, ZTO, Best Express and Yunda, YTO’s rise is inseparable from Alibaba, which relies on third-party logistics services rather than building its own infrastructure like Amazon and JD.com.

The e-commerce giant has over the years invested various amounts in all five major couriers from Tonglu, a relationship that anchors its logistics arm Cainiao, which matches vendors and express couriers to handle 50 billion parcels a year.

The duo was already partnering on international expansion back in 2018 when a Cainiao-YTO joint venture began building a digital logistics center at Hong Kong International Airport, the world’s busiest cargo airport. State-owned airline China National Aviation Corporation also holds a stake in the joint venture, and the center is due to begin operation as soon as 2023.

As of 2019, YTO had set up 18 entities and 53 service stations worldwide that support its distribution in 150 countries and regions. The overseas push plays into its larger goal to tap the enormous export potential brought by the Belt and Road Initiative, China’s grand plan to build rail lines, telecommunication networks and other forms of infrastructure around the world.

[newstfionline]

Joyous Africans Take to the Rails, With China’s Help

By Andrew Jacobs, NY Times, Feb. 7, 2017

DJIBOUTI--The 10:24 a.m. train out of Djibouti’s capital drew some of the biggest names in the Horn of Africa last month. Serenaded by a chorus of tribal singers, the crush of African leaders, European diplomats and pop icons climbed the stairs of the newly built train station and merrily jostled their way into the pristine, air-conditioned carriages making their inaugural run.

“It is indeed a historic moment, a pride for our nations and peoples,” said Hailemariam Desalegn, the prime minister of Ethiopia, shortly before the train--the first electric, transnational railway in Africa--headed toward Addis Ababa, the Ethiopian capital. “This line will change the social and economic landscape of our two countries.”

But perhaps the biggest star of the day was China, which designed the system, supplied the trains and imported hundreds of engineers for the six years it took to plan and build the 466-mile line. And the $4 billion cost? Chinese banks provided nearly all the financing.

Having constructed one of the world’s most extensive and modern rail networks at home, China is taking its prodigious resources and expertise global. Chinese-built subway cars will soon appear in Chicago and Boston, Beijing is building a $5 billion high-speed rail line in Indonesia, and the Chinese government recently christened new rail freight service between London and Beijing. Another ambitious system in the works, the 2,400-mile Pan-Asia Railway Network, would link China to Laos, Thailand and Singapore.

But few places are being reshaped by China’s overseas juggernaut like Africa, a continent that has seen relatively little new railroad construction in a century.

Despite years of steady economic growth, sub-Sahara Africa remains hobbled by an infrastructure deficit, according to the Africa Development Bank, with only half of its roads paved and nearly 600 million people lacking access to electricity.

Chinese companies, many of them state-owned and grappling with an economic slowdown at home, have stepped into the breach, spending some $50 billion a year on new ports, highways and airports across the continent, according to the China Africa Research Initiative at Johns Hopkins School of Advanced International Studies.

Many of the projects are part of Beijing’s new Silk Road initiative, a $1 trillion effort intended to deepen ties between China and its trading partners in the developing world.

Much of that spending has been directed at rail projects that planners hope will transform the way Africans travel and do business with one another, and the rest of the world.

Chinese-built and -financed projects include a two-year-old light-rail system in the Ethiopian capital; a $13 billion rail link between the Kenyan capital, Nairobi, and the port city of Mombasa that will open later this year; and an ambitious rail modernization project in Nigeria that includes an urban transit system for Lagos.

“For the longest time, railroads across Africa were limping along and in decline, but with the Chinese, that’s definitely changing,” said Andrew Grantham, the news editor at Railway Gazette International, a trade publication.

China’s enthusiasm for constructing railroads, schools and stadiums in Africa stands in marked contrast to the role of the United States, which has largely shied away from financing infrastructure on the continent. One of the few exceptions, Power Africa, a $9.7 billion initiative announced by President Barack Obama in 2013, has fallen far short of its goal of providing electricity to 20 million households within five years.

When it comes to trade, China surpassed the United States in 2009 to become Africa’s biggest trading partner.

It remains unclear how that calculus might change under the Trump administration. President Trump has questioned the benefits of free trade agreements, and a questionnaire from his transition team that was sent to the State Department last month expressed skepticism for foreign aid and development efforts in Africa.

That worries some African officials and longtime experts, who fear the loss of American influence and largess--and the good will that is often produced by desperately needed infrastructure projects.

Amadou Sy, director of the Africa Growth Initiative at the Brookings Institution, said the United States was also missing opportunities to cultivate loyal customers.

“If you’re looking for new markets, Africa is the place to be,” he said. “But right now, the U.S. is not leveraging Africa’s huge potential. By contrast, the Chinese are there, and they are willing to take risks.”

China is placing more than $14 billion worth of bets here in Djibouti, a geopolitically strategic speck of a country beset by soaring poverty and unemployment. The projects include three ports, two airports and a pipeline that will bring water from Ethiopia, its landlocked neighbor and a regional economic power that depends on Djibouti’s ports for 90 percent of its foreign trade.

Also on the drawing board are a series of Chinese-built, coal-fired power plants that would ease summertime electricity failures and help fuel a new tax-free manufacturing zone that officials hope will turn Djibouti into a Hong Kong-style entrepôt and international shipping hub.

Aboubaker Omar Hadi, chairman of the Djibouti Ports and Free Zones Authority, said he hoped the new railway linking his country to the Ethiopian capital would be just the first leg of a long-dreamed trans-Africa route, from the Indian Ocean to the Atlantic.

“The train is already a game-changer,” he said, noting that it will cut to 12 hours what until now had been a grueling three- or four-day trip by truck.

Mr. Hadi praised the Chinese for going all in after Western banks declined to help finance the nation’s glaring infrastructure needs.

“We approached the U.S., and they didn’t have the vision,” he said. “They are not thinking ahead 30 years. They only have a vision of Africa from the past, as a continent of war and famine. The Chinese have vision.”

Not everyone is comfortable with China’s vision. Some worry about the leverage China wields and what happens when countries fall behind on loan payments.

For Djibouti, the debt is especially daunting, amounting to 60 percent of its gross domestic product. But Ilyas Moussa Dawaleh, the country’s finance minister, dismissed such concerns, saying Djibouti’s heady 6.7 percent growth rate would allow it to meet its loan payments.

“If we don’t take this risk now and develop our infrastructure, we will remain stuck in poverty,” he said. “Come back in a few years, and you will find that Djibouti has become the logistics hub of the continent.”

Others wonder what will happen to the system after the Chinese leave. European imperialists in Africa built a skein of lines, most of which fell into disrepair in the decades after their colonies achieved independence.

Jamie Monson, the author of “Africa’s Freedom Railway,” a book documenting the legacy of the Chinese-built train linking Tanzania and Zambia, said long-term maintenance could be more challenging than initial construction. Built during the Cold War and hailed as a symbol of Chinese-African friendship, the train, the Tazara Railway, has struggled to maintain regular service, prompting talk of a Chinese takeover.

“Without proper maintenance comes problems, which can have a huge impact on a regional economy and local people’s livelihoods,” she said.

For now, however, much of nation is euphoric over the completion of Djibouti’s first modern railway, which follows the path of a creaky French-built line, completed in 1917, that met its demise several years ago after generations of neglect.

Although workers from China did much of the technical and engineering work, thousands of Djiboutian and Ethiopian laborers were hired to lay tracks and dig tunnels, helping to head off some of the local resentment that has dogged other Chinese projects in Africa. The system will be operated by Chinese conductors for five years and then turned over to local citizens, many of them trained in China.

After a boisterous opening day ceremony in the broiling sun, only the best-connected attendees were allowed to board the train, which filled with applause and song as it glided out of the station.

Daha Ahmed Osman, 34, a tech specialist who works for the Djiboutian government, displayed a wide grin as he watched the arid, harshly beautiful landscape spill across the train’s picture windows.

He predicted that the new train would transform Djibouti and Ethiopia, and eventually all of Africa. “For this, we have the Chinese to thank, because they shared with us their money and their technology,” he said. “More than anything we thank them for showing confidence in us.”

[blancpain-gt-series-asia-blog]

Blancpain GT Series Asia reveals inaugural calendar and championship details

> Six rounds and 12 races spread across four countries in 2017 > An exclusive selection of the best circuits > Multi-class GT3 and GT4 racing featuring the SRO Balance of performance > Pirelli selected as official sole tyre supplier > $300,000 prize fund shared between classes > Dedicated live TV and online streaming > Standardised professional timing service > VIP Team hospitality included in the entry

The inaugural Blancpain GT Series Asia campaign will feature a six-round, 12-race calendar in 2017, as well as a number of elements designed to offer teams greater value for money, opportunities and exposure throughout the season.

The promoter, SRO Motorsports Group, has pooled its experience of overseeing the world’s biggest GT3 Series - the European Blancpain GT Series - as well as national championships catering for GT4 cars, with that of respected leaders in Asian motorsport and its teams to devise a format and benefits specifically tailored to the region’s GT market.

The result brings together the best of both cultures to create a highly-professional platform equally geared towards professional and amateur drivers, while employing the same world-renowned BoP, sporting and technical expertise, and Pirelli tyres common across European and American GT racing.

2017 calendar

The inaugural season’s six-round, 12-race calendar features a mix of Asia’s internationally renowned and newest domestic circuits.

2017 begins at Malaysia’s Formula 1 circuit, Sepang, in early April before moving on to Thailand’s only FIA Grade 1 track, the Chang International Circuit in Buriram, for two more one-hour races in late May.

These are followed by trips to Japan’s most internationally renowned motorsport destinations, Suzuka (June) and Fuji Speedway (August), ahead of two Chinese rounds separated by four weeks. The first of these takes place at Shanghai’s Formula 1 circuit in late September before the newly constructed Zhejiang Circuit plays host to the season finale in late October.

With no Intercontinental GT Challenge (Liquid-Moly Bathurst 12Hour, Total 24 Hours of Spa, Laguna Seca 8 Hours and Motul Sepang 12 Hours) date clashes, the calendar also offers Blancpain GT Series Asia teams and drivers the opportunity to compete outside of their traditional heartland using the same cars, BoP and Pirelli tyres.

Weekend format and classes

Each Blancpain GT Series Asia weekend will follow the same format, which has been designed to maximise track time. Friday features two 45-minute practice sessions before another 30-minute session on Saturday morning. That’s followed by two 15-minute qualifying segments ahead of that afternoon’s 60-minute race. A second hour-long race then takes place on Sunday. Both races will feature a mandatory pit-stop and driver change governed by a minimum pit-stop time.

GT3 and GT4 cars will compete in the same race, albeit fighting for individual honours, which adds an exciting multi-class element.

Equally, SRO’s driver crew classifications offer an opportunity for existing professionals to excel, youngsters to develop and amateurs to win. GT3 will therefore comprise separate categories for Pro/Am, Silver Cup (Silver Cup cars will be balanced) and Am/Am line-ups, while GT4 remains solely dedicated to all-amateur pairings in preparation for a potential GT3 graduation.

Pirelli: a tried and trusted GT partner

Pirelli has won the tender to become Blancpain GT Series Asia’s official sole tyre supplier.

While other manufacturers expressed considerable interest, Pirelli’s P ZERO GT3 and GT4 tyres have consistently proven themselves in other SRO-promoted series. A sole supplier prevents teams from footing significant development costs, while the considerable existing data held by manufacturers, as well as European and US teams, can be shared.

Amateur drivers can easily switch between SRO-sanctioned series or contest one-off rounds of the Intercontinental GT Challenge without spending time and money testing unfamiliar tyres, or altering the car’s set-up and their driving style to suit. Equally, Pirelli’s GT compounds have been praised by amateur drivers for their durability, consistency and confidence-inspiring performance over a stint’s duration.

Clearly, a focus on amateur drivers proved a significant factor in Pirelli’s selection. But its continuing supply deal with Lamborghini Super Trofeo Asia (see information below) also emphasises the close cooperation between the package’s various stakeholders.

Greater value for money and prize fund

SRO has also focused on the often difficult logistics teams face when competing at venues across the continent and has taken steps to make the Blancpain GT Series Asia package more affordable.

Building on its successful European partnership, Blancpain GT Series Asia will be supported on all weekends but one by Lamborghini Super Trofeo Asia. This makes it more cost-effective for teams (and drivers, if they wish) to compete in both at the same event, while an amateur driver’s progression from one-make category to globally-recognised GT3 rules racing is also streamlined.

A further support series announcement, aimed at making the package even more cost-effective, is expected in the coming weeks.

Finally, a substantial $300,000 prize fund has also been guaranteed throughout the year, with $50,000 available at each round. This will be split between the GT3 and GT4 classes, although only full-season entries are eligible to win a share of the money.

Hospitality, live TV, multi-language resources and dedicated logistics

Blancpain GT Series Asia will feature a number of elements designed to widen the exposure of its teams’ successes, enhance sponsor relations and aid general organisation.

A dedicated central hospitality unit at all races provides teams with an area to wine and dine their partners. Four VIP guest passes are included with every full-season entry, while more can be purchased upon request.

In line with all Blancpain GT Series races in Europe, SRO’s Asian equivalent will benefit from professionally produced live streaming at every round, while TV exposure is also guaranteed across the continent and beyond.

A dedicated logistics partner will help lower the cost associated with freighting cars and personnel across Asia, while standardised professional timing will be used at every round.

Experienced staff

Blancpain GT Series Asia will combine SRO’s world-renowned GT racing expertise with that of experienced Asian motorsport professionals.

Blancpain GT Series Asia Championship General Manager & Director Benjamin Franassovici provides a wealth of experience earned over 20 years at SRO. Having first worked as FIA GT Championship Team Coordinator between 1997 and 2009, he has overseen the British GT Championship since 2011 and will already be familiar to many Asian teams through his work as Motul Sepang 12 Hours Manager and Macau FIA GT World Cup Coordinator.

Meanwhile, Championship Co-Director Paul Yao’s motorsport involvement began as a driver before founding the Hong Kong Supercar Club in 1999. Four years later he established the Asian Supercar Challenge which, after several name changes, eventually settled on the GT Asia Series moniker. He remained an active partner until 2015.

2017 Blancpain GT Series Asia Calendar

April 8/9 Sepang International Circuit Malaysia 2x 1hr races May 20/21 Chang International Circuit Thailand 2x 1hr races June 24/25 Suzuka International Circuit Japan 2x 1hr races August 19/20 Fuji International Circuit Japan 2x 1hr races September 23/24 Shanghai International Circuit China 2x 1hr races October 21/22 Zhejiang Circuit China 2x 1hr races

Link to Blancpain GT Series Asia Brochure

[latestanalysis]

Global Ports and Terminal Operations Market Size, Share, Industry Growth Analysis by Types, Applications and Key Players

Global Ports and Terminal Operations Market

Global Ports and Terminal Operations market was valued at US$ 3,135.3 Mn in 2020 and it is expected to reach at US$ 6,030.0 Mn by 2027, growing at CAGR 9.9% during the period, 2017-2027. Increasing seaborne trade across the globe will prominently drive the port terminal market size. According to the United Nations Conference on Trade and Development (UNCTAD), in 2018, the seaborne trade surged by around 4% as compared to 2017. The sea freight services provide multiple benefits such as large cargo space availability, economical & safety. Expansion of maritime logistics services will drive the industry growth over forecast period.

Europe is expected to witness the highest CAGR during the forecast period. Ports in Europe are smaller; however, handle a large amount of cargo. Also, the European ports are not capable of competing on port size alone as ports with comparatively less size or capacity handle as much traffic as large-sized ports. Therefore, even moderately & scarcely busy ports are increasingly shifting towards smart operations. For Example, in Germany, the Port of Rotterdam had partnered with IBM to implement smart sensors across the 42-kilometer-long stretch of the port.

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Asia Pacific dominated the market and accounted for more than 30% of the global revenue share in 2019. The region is characterized by the presence of major ports with high throughput capacity, thereby contributing to the largest share worldwide. Countries including Japan, China, South Korea, and Singapore are the major countries recognized as prime trading points involving large amounts of trade activities. The aforementioned factor with the availability of technologies at a relatively lower cost, especially from countries including Taiwan & China has ensured strong growth in the region.

Market Trends

Smart port is growing trend in port terminal and operation market. The increase in need to curb operational expenses, gather real-time information & make data-driven decisions at port facilities is collectively driving the adoption of smart technologies among harbor authorities. Varioustechnologies including Artificial Intelligence (AI), IoT, blockchain, and process automation are used for transforming a traditional port into a smart port. These are either deployed separately or in combination to transform the conventional infrastructure into a digitalized one. The smart port offers benefits over traditional port including limited operational expenses, reduced human-related disruptions, intelligent decision making, and more predictable performance. All these benefits offered results in raised productivity thereby paving the way for a sighted vision of Port 4.0.

The global trade is growing at faster rate, this have raised vessel size, cargo volumes, traffic at port, that increases pressure on the yards & the stakeholders involved. Due to this increased pressure, the internal efficiency at operational level gets affected at the ports. Incorporating smart solutions helps in optimizing operational activities, improving efficiency and reducing logistics cost. Sensors installed at the ports helps in monitoring infrastructure, scheduling maintenance activities & optimizing many other operational activities. Thus, demand for operational efficiency at ports may accelerate the growth for the smart port market, throughout the forecast period.

Market Drivers: Rising Government efforts for promote the ports sector

Ports constitute an essential economic activity in coastal areas. Also, Ports are important for the support of economic activities in the hinterland since they act as a crucial connection between sea & land transport. Due to this, government across the various countries is focusing to promote port operation. Increasing investment & cargo traffic point towards a healthy outlook for the ports industry. Providers of services like pilotage & harboring, operation and maintenance (O&M), and marine assets such as barges & dredgers are benefiting from these investments.

For instance in India, October 2020, Union Minister has initiated the ‘Direct Port Entry Facility’ at the V.O. Chidambaranar port. This facility allow direct movement of containers from factories, without intermediate handling at any CFS (Container Freight Station), facilitating shippers to get their exports directly to the container terminal (24x7), thereby increasing efficiency & ease of doing business.

In October 2020, the Ministry of Shipping in India had announced to develop a (Marine) National Logistics Portal with end-to-end logistics solutions to help exporters, importers & service providers that helps for strengthening port operation worldwide. Impact of this driver is high during this forecast timeframe.

Market Challenges: Cyberattacks Issue

Port operators are focusing on digital transformation optimize operational activities and expand the capabilities, such asmonitoring of infrastructure, collecting real-time data and among others. This transformation is based on the technologies including big data, cloud computing, Internet of Things (IoT) & incorporation of these technologies in the system has made the ports vulnerable to cyberattacks. To utilize technologies at their full potential awareness regarding cyberattacks can be raised among the stakeholders and cybersecurity can be developed. Thus, cyberattacks can be challenging factor for the growth of the port and terminal market, during the forecast period.

Market Opportunity: Digitalization creates new opportunities in the market

Information solutions play a vital rolein port/maritime. The digital transformation in port operation and terminal, such as navigation has aided users in gathering crucial information about the activities undertaken on ports and water bodies. Port terminal information solutions assist vessels in adapting to the dynamic sea conditions by monitoring several parameters, which enable users and organizations to take better operational as well as strategic decisions. Besides this, they are associated with advantages like enhancing the overall productivity & safety, along with ensuring efficiency in marine operations. As a result, these solutions are being employed for acquiring data about the ownership, movements, specifications and commercial activities of naval vessels. Hence digitalization creates new opportunities on the global port and terminal market.

Growth Prospect Analysis

The port or maritime sector is of crucial importance to modern societies. Nevertheless, general public have a limitedperception and appreciation of its influence and role as an essential element in terms of social and economic development, and as a potential source of excellent employment & career opportunities, with several million people currently working in activities &companies directly and indirectly related to oceans & seas across the world. Historically, the shipping & fishing industry have experienced a continuing trend of increase both in their fleets & in the total trade volume &fishing capacity respectively. Approximately 50,000 merchant ships, registered in over 150 nations & manned by over a million seafarers of nearly every nationality, transport every kind of cargo internationally. Several thousand oil rigs and support & supply offshore vessels are engaged in the exploration & drilling for oil and gas in almost every corner of the globe. Nearly four million commercial fishing vessels ply the seas & oceans at any given moment. And a myriad of recreational ships (approximately 45,000 privately-owned ships operating out of the US in December 2010), including several hundred large & mega cruise ships, provide the most diversified leisure & tourism services to an expanding market.

Maritime activities therefore continue to expand, bringing benefits for people worldwide thanks to a increasing efficiency of technical & human resources. The offshore oil sector, merchant navy, commercial fishery and cruise companies are part of the industry of the future & the maritime industry is already a key catalyst for socio-economic development & international competitiveness in a changing world, with new organizations emerging & establishing operations in Asia, Europe, and North America.

Recent Developments

In January 2020: APM Terminals has introduced application programming interface (API) accessibility to build stronger, digital supply chains for logistics customers. APIs allow data to be transmitted in just seconds from the terminals’ operating systems directly to customer’s own transport management or logistics systems. The exponential increase in ecommerce and the urgency of home deliveries brought on by the COVID-19 pandemic has highlighted the fact that for some customers, the delivery experience has become integral to the product itself. For companies wanting to gain a competitive edge, getting this right is essential.

In July 2020: China Merchants Port Holdings Co., Ltd. and its subsidiaries including China Merchants Holdings (International) Information Technology Co., Ltd. ("CMHIT") has held a Cloud Signing ceremony with the Thessaloniki Port Authority S.A.(“ThPA”) in Shenzhen, Greece and Hong Kong. The three companies have signed two agreements on the strategic cooperation and port information system. "CM Core" developed by CMHIT is the core of a Smart Information Service Platform. As per the agreement, ThPA will be the first to install CTOS system in the European market, as a demonstration and promotion window for the TOS project and related IT solutions to enter the European market; CMPort will take the advantage of its influence and port network to enhance the reputation of Thessaloniki Port Authority & promote the port of Thessaloniki to become an important port for goods entering and leaving Europe.

In December 2020: Hutchison Port Holdings Trust is focusing to expand its business in international market. In order to achieve this, the company is focusing on partnership strategy. For instance, Québec Port Authority has entered into a long-term commercial agreement with Hutchison Ports and CN (Canadian National Railway) to build and operate the new container terminal. Projected to cost $775 million, the Quebec Container Terminal, operated by Hutchison Port Holdings (HPH) & Canadian National (CN), will open in early 2024. With this partnership, Hutchison Ports & Québec Port Authority & CN Rail to develop the Québec container terminal

Market Segmentation

The Global Ports and Terminal Operations Market is segmented by service such as Stevedoring, Cargo and handling transportation, and Others, by application such as Food Transportation, Coal Transportation, Steel Transportation, and Others.

Also, the Global Ports and Terminal Operations Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are listed in this report such as APM Terminals, China Merchants Port Holdings Co. Ltd., COSCO SHIPPING LINES CO.LTD, DP World, EUROKAI GmbH & Co.KGaA, Hutchison Port Holdings Trust, International Container Terminal Services Inc., Ports America Inc, PSA International Pte. Ltd, and SAAM.

Market Taxonomy

By Service

Stevedoring

Cargo and handling transportation

Others

By Application

Food Transportation

Coal Transportation

Steel Transportation

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

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