Deep Sea Freight Transportation
Competitive Landscape
Demand is driven by macroeconomic trends in global imports and exports. The profitability of individual companies depends on efficient operations and a good safety record. Large companies have advantages in fleet size and port access. Small companies can compete effectively by chartering services out of smaller ports and transporting unusual cargo. The industry is capital-intensive: average annual revenue per worker is about $800,000.
Opportunities
Arctic Sea Route Opens - Due to melting sea ice, the Arctic's Northwest Passage has become a more navigable route between Europe and Asia. This route, which links the Atlantic...
Business Challenges
International Trade Risks - Because of the international nature of deep sea shipping, changes in trade agreements between nations can significantly affect a carrier's profitability. Carriers are also exposed...