With the three biggest stories of 2017, here is the first one out to round out the end of the year. You can only download this statistic as a Premium user. The ICS Diversity Study Report aims to outline where we are now and where we need to get to as an industry in the next few years. Three languages were the minimum spoken on the average ship. Learn more about how this global industry seamlessly connects countries and their consumers with goods from around the world. than the other in the same alliance because literally “everyone is in the same boat” (pun intended).

Turkey’s Yildrim Holdings appointment of China Citic Bank Corp to oversee the sale of 24% stake in CMA-CGM has fuelled speculation of a possible Chinese interest (maybe Cosco). Please create an employee account to be able to mark statistics as favorites. The most popular shipping ETF is the Guggenheim Shipping ETF (NYSE ARCA: SEA), which has about $115 million in total assets, as of July 2017. 1 Billion Metric Tons by 2027.

Sign up and be the first to know every time we release new content. According to ICS, the international shipping industry is responsible for the carriage of around 90 percent of world trade. According to the reportCargo Shipping Market - Global Trends and Forecast to 2021, the growth in container transport will have the highest growth in cargo shipping trade compared to other types of cargos (Liquid, Dry, General). You can change your choices at any time by visiting Your Privacy Controls. World Shipping Council - Partners in Trade, See the glossary for some common terms and definitions. Below are the alliances that came into effect from April 2017: Related: How Beneficial Are Ocean Freight Industry Mergers? We have split this piece in three parts for easier consumption. While the report revealed that 30% of companies employ women in board-level roles, and close to 60% of companies have female officers on board their ships, just 7.5% of total seafarers were female. Projected size of the global market for shipping containers 2016-2025. Now there are ominous whispers in the air of a possible takeover of PIL by Cosco. From our ocean freight platform, we have seen that on certain routes like the China-North Europe route some of the new long-term contract rates for 2018 are lower than peak 2017 rates but much higher than the lowest average in 2016. This is on the back of the purported ambitions of Cosco to become the number 1 container line in the world overtaking Maersk, which could become a reality if the above speculation is true. With the major milestones and benchmarks of 2017 setting the path and pace for the year to come, we can look at what happened in the container shipping industry to get a better idea of what’s to come. Container shipping could lay claim to being the world's first truly global industry. Statista. Find out more about how we use your information in our Privacy Policy and Cookie Policy.

If the global economy continues to recover, these volumes are likely to pick up as demand rises from both developed and emerging markets.

We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. As per  JOC, there has been a 40% increase in congestion driven delays for container ships at Yangshan port in Shanghai since the new alliances began calling at this port since April 2017. Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2026 - published on openPR.com

If you are wondering how the demise of one container line can make such a difference to the shipping landscape, it would be good to remember that Hanjin was the 7th largest container shipping line in the world at the time.

See a video presentation on the history of shipping courtesy of wsj.com.

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Container shipping could lay claim to being the world's first truly global industry. In, Statista. First, as far as major events in the container shipping industry go, 2017 gave us a pretty wild ride.

What Are American Depositary Receipts (ADRs)? While there was definitely some improvement from 2016 to 2017, will 2018 be the year we finally see a true recovery? This feature is limited to our corporate solutions. Amid the COVID-19 crisis, the global market for Cargo Shipping estimated at 11. The good news is that freight volumes are expected to stabilize over the coming years as these issues are resolved. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. Learn more about how Statista can support your business.

merger plans have been rejected by the FMC, Cargo Shipping Market - Global Trends and Forecast to 2021, Freight world must evolve collaboratively, not disruptively, Five Highlights from the Xeneta Copenhagen Summit 2019, Interactive Visual Timeline: Modern Shipping Mergers & Acquisition, 2M + H consisting of Maersk, MSC & Hyundai Merchant Marine with a slot purchase option, The Ocean Alliance consisting of CMA CGM – OOCL – Cosco – Evergreen, THE Alliance consisting of Hapag-Lloyd  – MOL – K Line – NYK – Yang Ming.