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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 - 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

 


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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