OCEAN FREIGHT MARKET

INTRODUCTION

When products are transported across international waterways on ocean boats like cargo ships, it is referred to as ocean freight. For items that need to be transported in large quantities or over long distances, it is one of the most popular and economical forms of transportation.

Booking cargo space on a ship, preparing the items for travel, loading the cargo onto the ship, and arranging for the transportation of the goods to their destination are all procedures involved in ocean freight. The amount and weight of the cargo, the distance between the origin and destination ports, and the pricing practices of the shipping firm are some of the variables that might affect the price of ocean freight.

 Ocean freight is frequently used to convey big and heavy items like machinery, equipment, and cars, as well as to move goods like oil, gas, and minerals. Consumer products including electronics, apparel, and toys are also transported via it.

Cost-effective - One of the most economical methods of transport is shipping containers of goods, which is crucial for supply chain management and corporate operations and may maintain the cost of goods competitive for end consumers.

Getting large or heavy products internationally may need shipping because aeroplanes may have restrictions on modes of transportation and shipping ports typically have ample storage space.

Ocean freight is the most environmentally responsible method of transporting cargo, which can assist a company's reputation and brand.

OCEAN FREIGHT MARKET SIZE AND FORECAST

Global ocean freight market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

OCEAN FREIGHT MARKET NEW PRODUCT LAUNCH

A new Far East-South America East service has begun from Yangpu International Container port, according to Cos co Shipping Holding. In order to provide offshore electric charging options to boats at ports, hubs, and offshore energy activities, Maersk has established Still storm, the first offshore electric vessel charging venture in the world.

Within five years of commercial launch, Still storm's goal is to remove 5.5 million tones of CO2 in addition to particulates, nitrogen oxides, and Sulphur oxides.

However, the supply chain constraints, port congestion, and other pandemic-related effects are posing difficulties for the ocean freight sector. Major airlines and ports are issuing warnings that spot freight rate assessments on crucial trades are significantly higher than anything seen prior Despite the high costs, new technical product launches and winter clothing items are predicted to enhance demand for maritime freight.

OCEAN FREIGHT MARKET COMPANY PROFILE

• COSCO Shipping Lines
• OOCL
• APL 
• Yang Ming Marine Transport Corporation
• ZIM Integrated Shipping Services

THIS OCEAN FREIGHT MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many ocean freight are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global ocean freight and key vendor selection criteria
3. Where is the ocean freight manufactured? What is the average margin per unit?
4. Market share of Global ocean freight market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global ocean freight in-house
6. key predictions for next 5 years in Global ocean freight market
7. Average B-2-B ocean freight market price in all segments
8. Latest trends in ocean freight market, by every market segment
9. The market size (both volume and value) of the ocean freight market in 2024-2030 and every year in between?
10. Production breakup of ocean freight market, by suppliers and their OEM relationship