Liner shipping industry sets sail with full speed |
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Authors: | Jiafu Wei |
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Institution: | 1.China Ocean Shipping (Group) Company (COSCO Group),Beijing,China |
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Abstract: | The article presents the past and current trends in liner shipping and stresses that in a near future, the market will benefit
from five main factors: the robust shipping surrounding from international trade; the structural change in industrial relocation;
the China factor; the increase in ship-owners’ profitability and lastly the liberalisation of markets and of the shipping
industry that will generate new opportunities. At the same time, the article also sheds light on factors that could put limits
to the growth in the short run: the expected decrease in freight rate, the increase in bunker costs and in port dues combined
with the strengthening of imbalance in trades are identified as the main elements that could put limits on the vitality of
liner shipping business. |
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Keywords: | |
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