Container Shipping Market- Global Industry Analysis and Forecast to 2015 to 2021

Container Shipping Market: Global Industry
Analysis and Forecast to 2015 to 2021
Containers are used to transport objects from one place to another. Unlike conventional shipping,
container shipping uses containers of various standard sizes—20 foot (6.09 m), 40 foot (12.18 m),
45 foot (13.7 m), 48 foot (14.6 m), and 53 foot (16.15 m)—to load, transport, and unload goods or
objects. As a result, containers can be moved by trains, ships and trucks. Most commonly and
important container sizes are 20-foot and 40-foot lengths. The 20-foot container is generally
referred to as a Twenty-foot Equivalent Unit (TEU) and the 40-foot container is known as the Fortyfoot
Equivalent Unit (FEU).
Containers are generally made up of aluminum and steel . The size and type built of each
container comply with specifications and regulations formulated by the International Organization
for Standardization (ISO).
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Shipping containers are of various types . The most important type of container is dry cargo . Dry
cargo containers are often referred to as special containers. These special containers include open
side, open end, open top, half-height, flat rack, refrigerated, liquid bulk, and modular. These
containers are built as a same exterior lengths and widths as the standard dry cargo containers.
In addition, open top containers are used for easy loading of cargo such as odd-sized goods and
machineries. Flat racks are used for vehicles, boats, machineries and industrial equipment . Open
side containers are used for transporting vegetables such as onions and potatoes. Tank containers
are used to transport liquids such as chemicals, wine, and vegetable oils.
Each container has its own unique unit number , often known as box number. Box numbers are
used by crew members, ship captains, coastguards, customs officers, dock supervisors, and
warehouse managers to identify the owner of a container and who is using it to ship goods, and to
track the container's location across the world.
The container sizes need to be standardized so that they can be stacked most efficiently. It
transport one on top of the other in trains, ships, trucks and cranes at the ports can be specially
fitted or built to a single size specification. Container size standardization is carried out by the ISO
whose primary work is to set standard sizes for all containers .
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The most important step in container shipping is proper loading of containers in trucks, ships, and
trains. Several government associations such as the World Shipping Council (WSC), together with
the International Chamber of Shipping (ICS), published the Transport of Containers by Sea -
Industry Guidance for Shippers and Container Stuffers. It provides specific guidelines to shipping
companies to transport containers in a safe and efficient way.
In terms of geography, North America dominates the global container shipping market . This is due
to improved transportation services in this region. The U.S. represents the largest market for
container shipping followed by Canada in North America. In Europe, Germany, the U.K., Spain,
Italy, and France hold the major share of the container shipping market. Asia is expected to
witness high growth rates in the next five years, as many companies are constructing

manufacturing facilities in this region. The rising number of manufacturing units would result in
significant rise in demand for containers. Improving transportation services are boosting growth of
the container shipping market in this region. Japan, China, and India are expected to be the
fastest-growing container shipping markets in Asia.
Increasing demand for transportation services is a key driver of the global container shipping
market. Rising number of factories and manufacturing units has fueled growth of the global
container shipping market. In addition, several government associations are also boosting growth
of the global container shipping market by providing specific guidelines to shipping companies.
However, high shipping freight rates obstruct growth of the global container shipping market.
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Some of the major companies operating in the global container shipping market are China
Shipping Container Lines, HANJIN, China Ocean Shipping Company, HAPAG-LLOYD, Mediterranean
Shipping Company, and MAERSK.
Key features of this report
• Drivers, restraints, and challenges shaping the Container Shipping market dynamics
• Latest innovations and key events in the industry
• Analysis of business strategies of the top players
• Container Shipping market estimates and forecasts(2015 -2021)
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