Deep Sea Freight Transportation Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 4/2/2012
SIC Codes: 4424
NAICS Codes: 483111
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Deep Sea Freight Transportation Industry Profile

The US deep sea shipping industry includes about 300 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $8 billion. Major companies include APL, Crowley, and Overseas Shipholding Group. The industry is highly concentrated: the 50 largest companies account for more than 90 percent of industry revenue.

Deep sea shipping is the transport of cargo to and from foreign ports. US coastal and Great Lakes shipping, which includes deep sea shipping between US ports, is covered in a separate industry profile, as are cruise ship operations.

COMPETITIVE LANDSCAPE

Demand is driven by macroeconomic trends in global imports and exports. The profitability of individual companies depends on efficient operations and a good safety record. Large companies have advantages in fleet size and port access. Small companies can compete effectively by chartering services out of smaller ports and transporting unusual cargo. The industry is capital-intensive: average annual revenue per worker is about $800,000.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major services include transportation of shipping containers (about 55 percent of industry revenue), dry bulk cargo (15 percent) and bulk liquids and gases (15 percent). Other services include transportation of automobiles and trailers, as well as maintenance and repair services.

Overall the US leads the world in trade; it is the top importing nation and among the leading exporters. Only a small percentage of the 50,000 or so merchant ships trading worldwide are registered in the US, however. ...

 
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