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Liquid and Bulk Transportation Vessels Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024

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Liquid and Bulk Transportation Vessels Market: Overview

In the entire shipping industry, a bulk commodity is referred to a substance such as coal, iron and grain, which is generally traded in large quantities and has a peculiar character which makes it easy for transportation. A transport system is generally designed to ensure that all its parts work together as efficiently and in a minimum possible time. Sea transport is one part of the transportation chain which helps in moving bulk commodities between producers and consumers from one place to another. Cargo moves through the entire system as a series of distinct shipments. Storage areas acts as a buffer to allow for timing differences in the departure and arrival of the particular commodity.

In general a bulk transport system comprises of a sea voyage and two land journeys which could be done through conveyor, lorry, train and pipeline. Typically, there are four storage areas, the loading port, the discharging port, the destination, and handling operations as the cargo moves through the entire system. Ships which are considered to be the part of the bulk transport systems are generally used by the cargo shippers. For instance, the transport system places constraint on the ship size. Berth length and the depth of water at the both the ports i.e. loading and unloading determines the maximum size of ship which can be used to transport a particular commodity.

Whether the transport system is for a coalmine and a power station or for a chemical plant and a fertilizer industry, the main aim is to move the cargo as efficiently and cheaply in a minimum possible time. Every commodity and a particular industry has certain specific transport requirements and no single system is best suitable for each and every situation. The basic principle of the bulk transport is that unit costs can be decreased by increasing the size of the cargo. In bigger and heavier ships unit costs are low, and cargo handling and storage charges are cheaper for high volumes. Thus, the bulk trades are constantly under economic pressure to increase the cargo consignment size.

Delivery frequency of commodities is very important from the shipper’s point of view and bigger ships requires less number of trips to deliver the same volume. Cargo handling, does not change with change in voyage distance, and hence it becomes less important in the unit cost.

Liquid and Bulk Transportation Vessels Market: Competitive Insight and Key Drivers

The bulk transport system comprises numerous participants. Cargo owners stood at first position in the businesses of bulk cargo transportation on a periodic basis. Their business varies enormously and from customer to customer. Industries such as paper, steel, pulp and oil refineries, cost-effective transportation of raw materials is very crucial. They require the cheapest possible transport, whose primary objective is to minimize the cost of transport.

Some of the key drivers of the liquid and bulk transportation vessels market are high requirement of commodities such as natural gas and crude oil in emerging economies of Asia Pacific such as India and China. Thus, in order to bridge the demand supply gap liquid and bulk transportation vessels are required. High maintenance and operational costs of the transportation vessels can hamper the growth of the market. Large number of opportunities are there for transportation vessels as new avenues for business are coming with increase in number of imports and exports.         

Some of the key companies in the business of liquid and bulk transportation vessels are Gulf Agency Company, NYK Line, SEACOR Ocean Transport Inc., Odfjell Tankers AS, Shipping Corporation of India, AGMARK LOGISTICS, INC, COSCO DALIAN Ocean Shipping Company, BLT Chembulk Group, Toll Holdings Limited, and Shahi Shipping Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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