Deep Sea Freight Transportation

Deep Sea Freight Transportation

Brief Excerpt from Industry Overview Chapter:

Companies in this industry provide deep sea transportation of cargo to or from foreign ports. Major companies include CMA CGM (France), COSCO (China), Crowley (US), Evergreen (Taiwan), Hapag-Lloyd (Germany), Mærsk (Denmark), and MSC Mediterranean Shipping (Switzerland).

COMPETITIVE LANDSCAPE

Demand is driven by 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 US industry is highly concentrated: the 50 largest companies account for more than 95% of industry revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major services include transportation of intermodal containers and dry bulk cargo (each accounting for about 30% of revenue), followed by the transportation of climate-controlled intermodal containers (about 20% of revenue).