The Marine Freight market in the US and UK to reach US$70.97 billion

 TechNavio's analysts forecast the Marine Freight market in the US and UK to reach US$70.97 billion by 2016. One of the key factors contributing to this market growth is the increasing partnerships and alliances. The Marine Freight market in the US and UK has also been witnessing environmental standards stimulating older marine vehicles replacement. However, failure of IT and communications systems could pose a challenge to the growth of this market.The Marine Freight Market in the US and UK 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the US and UK regions; it also covers the Marine Freight market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
To Know More: The Marine Freight market in the US and UK

The Indian shipbuilders occupied 6th rank globally accounting for 1.3% of the global orderbook aggregating 3.82 mn CGT with 187 vessels

The global economy recovering from the aftermaths of economic crisis grew at 5.1% on y-o-y basis during CY10 leading to a marginal increase in seaborne trading volumes. This provided an impetus to the new-build ordering volumes during CY10 aggregating 71.1 mn GT. Conversely, the orderbook continued to decline aggregating 287.8 mn GT as on December 31, 2010 owing to the continuous flow of deliveries by the shipyards. However with the global economy slowing down in the latter half of H1CY11 on account of fiscal imbalances in the developed nations, the seaborne trading volumes deteriorated, adding to the woes of the already over-existent vessel capacity. Nonetheless, the momentum in the new-build ordering continued through H1CY11 aggregating 31 mn GT increasing by 19.2% on y-o-y basis. The orderbook however declined to 269.9 mn GT as on June 30, 2011 on account of higher deliveries aggregating 47.7 mn GT during H1CY11.
Even the surge in scrapping volumes particularly in the dry bulk vessel segment and y-o-y decline in vessel prices in the range of 2-9% during H1CY11 provided no respite to the dwindling global shipbuilding orderbook, especially in case of major shipbuilding nations such as S. Korea, China and Japan thereby requiring their respective governments to take corrective monetary and non-monetary incentives to boost the industry’s prospects.However, the Asian shipbuilders continue to dominate the global orderbook accounting for 95.4% of the total orderbook as on June 30, 2011. Of the same, in continuation of the trend during CY10, the market share of the Chinese shipbuilders in the global orderbook remained the highest at 39.7% followed by S. Korean and Japanese shipbuilders with 35.3% & 14.4% respectively.
To Know More: The Shipbuilding Industry

The World Market for Refrigerated Vessels Excluding Tankers

With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics that appear several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the market for refrigerated vessels excluding tankers for those countries serving the world market via exports or supplying from various countries via imports. I do so for the current year based on a variety of key historical indicators and econometric models. On the demand side, exporters and strategic planners approaching the world market face a number of questions. Which countries are supplying refrigerated vessels excluding tankers? What is the dollar value of these imports? How much do the imports of refrigerated vessels excluding tankers vary from one country to another? Do exporters serving the world market have similar market shares across the importing countries? Which countries supply the most exports of refrigerated vessels excluding tankers? Which countries are buying their exports? What is the value of these exports and which countries are the largest buyers?
To Know More: The World Market for Refrigerated Vessels Excluding Tankers