𝐂𝐚𝐫𝐠𝐨 𝐒𝐡𝐢𝐩𝐩𝐢𝐧𝐠 𝟑𝟔𝟎: 𝐀 𝐇𝐨𝐥𝐢𝐬𝐭𝐢𝐜 𝐕𝐢𝐞𝐰 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 (𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧)

Cargo shipping is the means of transport used to transfer items, goods & cargo from a port to a destination by ship. Shipping is the cheapest means of transportation per ton. Preferred for economical & efficient long-distance transport with low environmental impact. The greatest advantage of cargo transport is the ability to transport bulky #cargo that cannot be transported by land or air. In addition, cargo ships are usually equipped with cranes & other similar equipment for loading & unloading cargo.

The cargo #shipping market is driven by factors such as an increase in international marine freight transport a rise in demand for cargo transportation through ships & a surge in trade-related agreements. However, fluctuations in transportation & inventory costs & global trade tensions restrict market growth. Moreover, automation in marine transportation an increase in marine safety norms & the growth of the digital freight forwarding industry create lucrative growth opportunities for the market.

The market segmentation is based on cargo type, ship type, and industry type. by cargo type it is divided into liquid cargo, dry cargo & general cargo. by ship type, it is classified into bulk carriers, general cargo ships, container ships, tankers, reefer ships & others. by industry type, it is divided into food & beverages, manufacturing, retail, oil & gas, automotive, pharmaceutical, electrical & electronic and others. Geographically, it has been analyzed across North America, Europe, Asia-Pacific & LAMEA.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐢𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐦𝐚𝐫𝐢𝐧𝐞 𝐟𝐫𝐞𝐢𝐠𝐡𝐭 𝐭𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭

Marine transportation is one most prominent modes of transportation, especially for freight transportation, owing to its cost-effectiveness. In recent years, the seaborne trade has witnessed significant growth. For instance, according to the United Nations Conference on Trade & Development (UNCTAD), in 2020, international seaborne trade volume reached 10.7 billion tons. Furthermore, according to the UNCTAD (United Nations Conference on Trade & Development) organization report, in November 2021, the global trade for merchandise goods increased in exports & imports.

The global cargo shipping market size was valued at $2.2 trillion in 2021, and is projected to reach $4.2 trillion by 2031, growing at a CAGR of 7% from 2022 to 2031.