Kept afloat: The threat of rival transport may be offset by sea freight's low carbon footprint

Operators in the Sea and Coastal Freight Water Transport industry carry both bulk and non-bulk freight on vessels across seas and coastal waters. Because of Britain’s extensive coastline, the industry has a long history in the United Kingdom and played a key role in the country’s early industrialisation. The industry has been shifting towards container shipping over the past decade and away from liquid-bulk and dry-bulk products that have long been the staple heavy products shipped on large vessels. Shrinking output from the North Sea is helping to accelerate this trend.Industry revenue is expected to increase at a compound annual rate of 1.9% over the five years through 2019-20, reaching £5.4 billion...read more.

Industry Statistics & Market Size
Revenue
£5.4bn
Annual Growth 15-20
1.9%
Forecast Growth 20-25
Profit
Employment
5,950
Businesses
593

Industry Threats & Opportunities

  • Improving freight rates and trade volumes have supported growth throughout the period
  • Industry players are increasingly embracing low-sulphur, alternative green and renewable fuels
  • Demand for oil and gas transportation, a major revenue stream, may be subdued over coming years
  • Industry Report - Industry Analysis Chapter

    As an island nation, the Sea and Coastal Freight Transport industry is inherently essential to the UK economy, with approximately 95% of all imports and exports being transported by sea. Key downstream markets that use industry services include the North Sea oil and gas extraction sector as well as British manufacturers. Therefore, industry performance is largely contingent on domestic and international consumption trends, which in turn tend to run in line with the wider economy. Weak global demand conditions caused freight rates to decline significantly in the aftermath of the financial crisis, and this downward trend continued through the start of the past five-year period. This mitigated the effects of strengthening economic conditions, causing revenue to decline in 2015-16. Imp...purchase to read more.

    Additional Insights for the Sea & Coastal Freight Water Transport Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Sea & Coastal Freight Water Transport Industry are

  • Ability to accommodate environmental requirements
  • Ability to pass on cost increases
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Demand from crude petroleum and natural gas extraction and Total value of world trade in the Sea & Coastal Freight Water Transport industry impact industry performance..

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    What's in this report

    What is the Sea & Coastal Freight Water Transport Industry?

    Operators in this industry transport bulk and non-bulk freight on vessels designed for the open sea or coastal waters. The industry includes scheduled and unscheduled activities, towing barges and oil rigs, and renting vessels with crew for sea transport. The industry excludes freight storage (see IBISWorld report H52.100), harbour operation and cargo handling.

    Industry Products
  • Transporting liquid-bulk products
  • Transporting dry-bulk products
  • Transporting containers
  • Transporting other general cargo
  • Industry Activities
  • Transporting crude oil and petroleum products over seas and coastal waters
  • Transporting dry bulk cargo over seas and coastal waters
  • Transporting containers over seas and coastal waters
  • Transporting agricultural products over seas and coastal waters
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from crude petroleum and natural gas extraction
  • Total value of world trade
  • World price of crude oil
  • Demand from freight road transport

  • Current Performance
  • The Baltic Exchange Dry Index
  • Capacity and consolidation
  • Environmental concerns
  • All at sea
  • Chart: Revenue Growth

  • Industry Outlook
  • Driving forward
  • Agitated waters
  • Deeper troubles
  • Future regulation
  • Table: Sea & Coastal Freight Water Transport Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Sea & Coastal Freight Water Transport Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry and Fishing
  • Mining and Quarrying
  • Freight Forwarding & Customs Agents

  • Key Selling Industries
  • Boat Repair & Maintenance
  • Fuel Wholesaling
  • Shipbuilding

  • Products & Services
  • Transporting liquid-bulk products
  • Transporting containers
  • Transporting dry-bulk products
  • Transporting other general cargo
  • Chart: Sea & Coastal Freight Water Transport Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Oil companies
  • Freight forwarders
  • Manufacturers
  • Retailers and wholesalers
  • Construction industries
  • Other industries
  • Chart: Major Market Segmentation for the Sea & Coastal Freight Water Transport Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationRentUtilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Sea & Coastal Freight Water Transport

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sea & Coastal Freight Water Transport Industry

  • Industry Globalization
    Evergreen Marine (UK) Ltd, BP Shipping Ltd,
  • Table: Evergreen Marine (UK) Ltd - financial performance
  • Table: BP Shipping Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Sea & Coastal Freight Water Transport Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Sea & Coastal Freight Water Transport Industry
    Includes:
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    20-Foot Equivalent Unit (Teu)
  • A unit of measurement for containerised cargo capacity.
  • Deep-Sea Shipping
  • Freight maritime activity that crosses oceans.
  • Dry Bulk
  • Dry-bulk cargo typically includes commodities such as coal, steel and iron ore.
  • Freight Rate
  • The price of shipping cargo. It is informed by the weight of the cargo and the distance it is travelling.
  • Short-Sea Shipping
  • Freight maritime activity that does not cross oceans, i.e. it remains on the same continent.
  • Unitised Freight
  • Grouped cargo that is shipped in pallets, containers, wheeled vehicles, barges or lighters.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Sea & Coastal Freight Water Transport market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Sea & Coastal Freight Water Transport:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Sea & Coastal Freight Water Transport market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Sea & Coastal Freight Water Transport, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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