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Sea & Coastal Freight Water Transport in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Sea & Coastal Freight Water Transport Market Research Report | SIC H50.200 | Oct 2016

Sinking revenue: Industry-wide overcapacity has led to freight rates and profit plummeting

IBISWorld’s Sea & Coastal Freight Water Transport market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
BP Shipping Ltd BP Shipping Ltd market share
Evergreen Marine (UK) Ltd Evergreen Marine (UK) Ltd market share
Industry Statistics & Market Size
Revenue
£4bn
Annual Growth 12-17
-3.0%
Annual Growth 17-22
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Profit
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Employment
5,616
Businesses
602
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 - Industry Analysis Chapter

As a maritime nation, the United Kingdom has historically relied on the Sea and Coastal Freight Water Transport industry for trade with the wider world, a dependence that continues today. The industry is an important service supplier to the North Sea oil and gas extraction sector and to British businesses in general because it handles a significant share of imports and exports. The UK economy began to grow strongly in 2013-14, which brought rising demand for some shipping services. The surge in activity contributed towards increasing freight rates and resulted in the only year of revenue growth in the industry over the past five years. Freight rates averaged a relatively low level again throughout most of 2014-15 and collapsed at the beginning of 2016-15. Ove.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 productsTransporting dry-bulk productsTransporting containersTransporting other general cargo
 
Industry Activities
Transporting crude oil and petroleum products over seas and coastal watersTransporting dry bulk cargo over seas and coastal watersTransporting containers over seas and coastal watersTransporting agricultural products over seas and coastal waters


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