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Cargo Shipping Market Industry Overview, Trends and Growth Opportunities Forecasted till 2023

“Cargo Shipping Market” Cargo Shipping Market by Cargo Type, by Industry, by Region – Forecast to 2023 Market research future published a raw research report on Global Cargo Shipping Market[1] that contains the information from 2017 to 2023.

The cargo shipping is expected to grow with the CAGR of approximately 3.45% from 2017 to 2023. Taste the market data and market information presented through more than 85 market data tables and figures spread in 118 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Cargo Shipping Market Information from 2017 to 2023

Receive Sample [email protected] https://www.marketresearchfuture.com/sample_request/3165[2] The factors which are expected to boost the global cargo shipping market include trade liberalization and increasing investment in port infrastructure. Furthermore, Urbanization has been one of the most important driving forces for global cargo shipping market in recent years.

Cities are consuming the majority of global power and resources, while generating major chunk of GDP. Urbanization often supplements and facilitates economic shift from agriculture to manufacturing, industrial production and services. These activities tend to demand clusters of labor and capital, thereby boosting demand for seaborne trade.

However, high cost of buying new bigger container ships with further task to fill them in a saturated and competitive market is one of the major restraints of the market, which has started to consolidate the industry. The global cargo shipping market is expected to grow over the CAGR of around 3.45% during the period 2017 to 2023. The report has analyzed the market based on the three segments, namely cargo type, industry and region.

On the basis of cargo type, the market is segmented as container cargo, bulk cargo and general cargo. Among these, container cargo accounted for the largest market share due to increasing adoption of container transportation to transport goods, which also acts as a major driver for the cargo shipping market in both developed and developing countries. Furthermore, the increasing investments in port infrastructure, global supply & demand cycle are expected to boost the container transport.

In 2016, Asia-Pacific has accounted for the largest share for container transport segment followed by Europe. Access Report Details @ https://www.marketresearchfuture.com/reports/cargo-shipping-market-3165[3] Based on industry, the market is bifurcated as food, manufacturing, oil & ores, electrical & electronics.

In which, food is expected to dominate the market during the forecast period owing to factors such as economic growth and development, thereby directly increasing commodity consumption, which further drives the cargo shipping market. Ask for your specific company profile and country level customization on reports.

  • A.P. Moller-Maersk Group (Denmark)
  • Mediterranean Shipping Company S.A. (Switzerland)
  • Panalpina World Transport (Holding) Ltd. (Switzerland)
  • CMA-CGM SA (France)
  • DHL Global Forwarding (Germany)
  • China COSCO Holdings Company Limited (China)
  • Nippon Express Co., Ltd. (Japan)
  • Deutsche Bahn AG (Germany)
  • Hapag-Lloyd AG (Germany)
  • Panalpina Welttransport Holding AG (Switzerland)

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles.

This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global cargo shipping market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

Ask Query to our Expertise @ https://www.marketresearchfuture.com/enquiry/3165[4] About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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References

  1. ^ Global Cargo Shipping Market (www.marketresearchfuture.com)
  2. ^ https://www.marketresearchfuture.com/sample_request/3165 (www.marketresearchfuture.com)
  3. ^ https://www.marketresearchfuture.com/reports/cargo-shipping-market-3165 (www.marketresearchfuture.com)
  4. ^ https://www.marketresearchfuture.com/enquiry/3165 (www.marketresearchfuture.com)
  5. ^ [email protected] (www.digitaljournal.com)
  6. ^ Send Email (www.universalpressrelease.com)
  7. ^ https://www.marketresearchfuture.com/reports/cargo-shipping-market-3165 (www.marketresearchfuture.com)

Port of Virginia, major shipping hub for US commerce, plans big expansion

The Port of Virginia is one of the most significant ports in the United States. It facilitates £242 million worth of commerce a day, and a full 9 percent — or 343,000 — of Virginia’s jobs are port-related.

But there’s a problem. It’s not big enough.

Not when cargo ships have gotten bigger, which threatens both business and safety. Experts say deepening and widening of the port at its channel is crucial. Rick Wester, captain of the Port of Virginia, notes the channel isn’t wide enough with ships double or triple the size they were a decade ago. “About three of four times a week, whenever [the biggest ships] enter or leave port, I have to impose one-way traffic because it’s just too narrow for them to meet any other ships,” he said.

Furthermore, the channel is only 50 feet deep, which means many of the larger ships would run aground if fully loaded. Wester explains, “These ships draw 55 feet [so] we don’t allow them to come into port… they can only partially load both coming in and leaving–they’ve not using their capacity.” Over 114,000 U.S. businesses rely on goods from the Port of Virginia, but the channel is limiting its ability to expand.

Thus there’s a plan to dredge and widen the waterway — it’s even caught the attention of President Trump, who stated the port “could be one of the best in the world if they invested not that much money, relatively speaking.” How much is that? Around a billion dollars.

Virginia has already secured £695 million in private and state investment, and the state is asking for £300 million more from the federal government. Cathie Vick, chief public affairs officer for the Virginia Port Authority, believes they’ve got plenty of room for growth. There are already approximately two million containers coming through every year, and they hope to add a million more.

As Vick puts it, “With almost 8 percent growth last year we’ve got a plan for the future [and] we’re on our way to being the second biggest port on the East Coast.” Vick also notes that the extra capacity created by a reconstructed channel would allow for a new terminal — which could be built with the dredge material from the widened channel. In general, she believes more money for the Port of Virginia would be a win-win.

It would create more than 54,000 jobs in Virginia and elsewhere, and, once there’s greater capacity to trade, help reduce prices for consumers across America. To Vick, then, federal funding for the expansion is an idea well worth floating. Fox News’ Steve Kurtz contributed to this report.

Douglas Kennedy currently serves as a correspondent for FOX News Channel (FNC).

He joined the network in 1996 and is based in New York.

States collect taxes worth Rs 10,000 crore online post e-Governance initiative: Road Ministry

States have collected taxes to the tune of Rs 10,000 crore online since the rollout of Transport Mission Mode Project (MMP), which has also automated regional transport operations (RTOs), under the Centre’s ambitious e-Governance initiative.

The government has set up a consolidated nation-wise transport database and launched citizens and trade-centric applications under the e- Governance initiative, according to a Road Transport and Highways Ministry’s document. More than 19-crore vehicles and 10-crore driving licence records have come under the National Register, it said. Two flagship applications under Transport MMP — Vahan and Sarathi Vahan — deal with vehicle registration, taxation, permit, fitness and associated services; while Sarathi is related to driving licence, learner licence, driving schools and related activities.

The applications have been implemented in more than 1,000 RTOs across 33 states and Union territories – with state-specific rules, tax structures, it said.

Listing other achievements, the document said more than 50 lakh national permits have been issued to Goods Vehicles through Online National Permit Portal.
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References

  1. ^ e-Governance (economictimes.indiatimes.com)
  2. ^ National Permit Portal (economictimes.indiatimes.com)

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