Industry Analysis & Industry Trends
Operators in the Sea and Coastal Freight Water Transport industry carry both bulk and non-bulk freight on vessels that traverse 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... purchase to read more
Industry Report - Starting a New Business Chapter
The main barrier to entering the industry is the cost of purchasing suitable vessels. Container ships are continuing to increase in size. The latest 18,000 TEU vessels were deployed in 2013. A decade earlier, the largest container vessels carried only 7,000 TEU. As size continues to increase, so does the cost of buying the ships. In view of current global financial conditions, potential players may have difficulties in accessing the necessary funding. There are already a number of debt-laden players struggling to repay their loans at a time when they are unable to use excess capacity.
A new entrant may have trouble finding business. Shipping companies have long-term contracts for the cargo they carry. In .. purchase to read more