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Home > Manufacturing > Automotive/Transportation > Marine Equipment
Global Shipping Leaders 2007
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Over the past decade, the structure of the global shipping market has been dominated by merger and acquisition activity. A fragmented industry, populated by mid-sized, national flag-carrying shipping lines, has largely disappeared as mega-carriers have emerged. Well known names such as P&O, Nedlloyd, Sea-land, for instance, have all been subsumed by market leader Maersk and other lines have followed in their tracks.
Japanese, mainland Chinese, Taiwanese and Hong Kong based shipping lines have also grown to prominence, driven by the volumes out of the region.
High levels of cyclicality in the global shipping industry have made the sector historically unpredictable. Shipping lines have typically gone from boom to bust as over-investment in new build ships is followed by economic downturn and a fall in volumes. Despite weakness in shipping rates at the end of 2006 caused by overcapacity, the sector seems to have shrugged off concerns, helped by the buoyant global economy.
Global Shipping Leaders 2007 provides you with an insight into the operations, strategies and finances of the leading players in the shipping industry.
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