Analysis of the Transformational Trends and Digital Disruption Reshaping Global Container Shipping Industry

Analysis of the Transformational Trends and Digital Disruption Reshaping Global Container Shipping Industry

Fleet Restructuring, Supply Chain Diversification, Emission Regulations, and Digitalization are Aiding Transformations in Container Shipping Growth Strategies

RELEASE DATE
13-Oct-2020
REGION
Global
Research Code: 9AB2-00-C0-00-00
SKU: TP00205-GL-MR_24667

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Description

Container trade volume accounted for nearly 15% of global seaborne trade, with throughput estimated at 801 million TEUs in 2019. Mid-sized and smaller vessels serve as the backbone for most of the trade lanes due to their operational flexibility. The unprecedented global COVID-19 pandemic crisis has hammered the trade flow worldwide and allowed the global container shipping contract to experience a free fall, with economies observing a significant drop in the purchasing manager’s index (PMI) in 2020. Consequently, this had a direct impact on the global container shipping volumes. However, the scenario is likely to change, as the port activity is witnessing improvement in the H2 2020 with restrictions related to crew members and front-line workers, prioritizing safety. By early 2021, the container shipping industry will revert to pre-COVID levels of shipping volume due to trade volume growth.

Port modernization, port expansion, and increased focus on logistics infrastructure developments support the growth of the industry. The container ship demand is spurred by the carriers shifting toward larger and more efficient vessels with lower slot costs, which can be observed in the order book as well, where capacity on order for vessels >14,000 TEUs have increased. By 2025, over 44% of the container ships in operation is anticipated to have a carrying capacity of more than 10000 TEUs.

Digital technologies, such as blockchain, IoT, robotics, and AI, are witnessing an increasing trend of adoption of technology in container shipping. They allow carriers to expand their revenue streams with additional service offerings by leveraging data through digitized core processes and end-to-end supply chain integration. Transformations in business models driven by increasing digitalization and strategic collaboration for smart and connected freight transportation are some of the emerging opportunities opening up for service providers in the container shipping industry.

Key Issues Addressed

  • What is the supply and demand for container shipping vessel capacity, and how is it likely to shape in the long run with new vessel building orders?
  • What is the impact of COVID-19 on the global trade and seaborne container volumes?
  • What are the major container trade lanes, and how are they expected to transform?
  • What are the major trends that will alter the global container shipping industry?
  • What are the major digital technologies that are likely to revolutionize the global container shipping industry?

Author: Suriya Anjumohan

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Global Container Shipping Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Global Container Shipping Industry—An Overview

Container Ship Fleet—Capacity and Fleet Size

COVID-19—Impact and Measures in Ocean Freight

Key Trends and Developments—Global Container Shipping

Digital Technologies Transforming Global Shipping Industry

Global Container Shipping Industry—Scope of Analysis

Key Questions this Study will Answer

Gross Domestic Product Versus Seaborne Trade

Global Container Seaborne Trade Volumes

Global Container Ship Market Overview

Fleet Capacity Breakdown by TEU Size and Age

Container Vessel Capacity Scenario

Global Container Port Throughput

Major Container Trade Lanes

Blue Economic Passage

Key Ports Along the Blue Economic Passage

Blue Economic Passage—Economic Corridors

Impact of Various Global Crises on Global Trade

COVID-19 Impact On Seaborne Freight Value

Ocean Freight Capacity Constraints

COVID-19—Impact and Measures in Ocean Freight

Key Trends and Developments

Industry Consolidation—Global Shipping Alliances

Capacity Deployment by Key Shipping Alliances

Blank Sailings and Capacity Cuts as Measures

Equipment Imbalance Across Key Container Ports

Sailings Around Cape of Good Hope

Ultra-large Container Vessels (ULCV)

IMO—Emission Control Areas

Compliance Options and Fuel Adoption Outlook

Intelligent Shipping and Digitization

Disruptive Digital Technologies

Maritime Industry Concerns and Drivers For Digitization

Blockchain Technology for Digital Provenance

Major Blockchain Technology Developments

Digital Freight Forwarding Platform

Digital Ocean Freight Forwarding for Simplified Shipping

Key Digital Platforms for Global Container Shipping Industry

Internet of Things—Smart Operations With Smart Assets

Key IoT Solution Providers for the Container Shipping Industry

Robotic Systems for Port Automation and Operations

Artificial Intelligence (AI) in the Container Shipping Industry

Liners Keen on Improvising Systems to Nurture Innovation

Autonomous Ocean Freight Ecosystem

Growth Opportunity 1: Development of Digitized Business Models for Revenue Opportunities

Growth Opportunity 1: Development of Digitized Business Models for Revenue Opportunities (continued)

Growth Opportunity 2: Strategic Collaboration for Smart and Connected Freight Transportation

Growth Opportunity 2: Strategic Collaboration for Smart and Connected Freight Transportation (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

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Related Research
Container trade volume accounted for nearly 15% of global seaborne trade, with throughput estimated at 801 million TEUs in 2019. Mid-sized and smaller vessels serve as the backbone for most of the trade lanes due to their operational flexibility. The unprecedented global COVID-19 pandemic crisis has hammered the trade flow worldwide and allowed the global container shipping contract to experience a free fall, with economies observing a significant drop in the purchasing managers index (PMI) in 2020. Consequently, this had a direct impact on the global container shipping volumes. However, the scenario is likely to change, as the port activity is witnessing improvement in the H2 2020 with restrictions related to crew members and front-line workers, prioritizing safety. By early 2021, the container shipping industry will revert to pre-COVID levels of shipping volume due to trade volume growth. Port modernization, port expansion, and increased focus on logistics infrastructure developments support the growth of the industry. The container ship demand is spurred by the carriers shifting toward larger and more efficient vessels with lower slot costs, which can be observed in the order book as well, where capacity on order for vessels >14,000 TEUs have increased. By 2025, over 44% of the container ships in operation is anticipated to have a carrying capacity of more than 10000 TEUs. Digital technologies, such as blockchain, IoT, robotics, and AI, are witnessing an increasing trend of adoption of technology in container shipping. They allow carriers to expand their revenue streams with additional service offerings by leveraging data through digitized core processes and end-to-end supply chain integration. Transformations in business models driven by increasing digitalization and strategic collaboration for smart and connected freight transportation are some of the emerging opportunities opening up for service providers in the container shipping industry.--BEGIN PROMO--

Key Issues Addressed

  • What is the supply and demand for container shipping vessel capacity, and how is it likely to shape in the long run with new vessel building orders?
  • What is the impact of COVID-19 on the global trade and seaborne container volumes?
  • What are the major container trade lanes, and how are they expected to transform?
  • What are the major trends that will alter the global container shipping industry?
  • What are the major digital technologies that are likely to revolutionize the global container shipping industry?

Author: Suriya Anjumohan

More Information
No Index No
Podcast No
Author Prateek Chand
Industries Transportation and Logistics
WIP Number 9AB2-00-C0-00-00
Is Prebook No
GPS Codes 9800-A6,9B01-A6,9694,9832-A6