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Revenue of maritime companies is affected by the shipping sector overcapacity and the rate pressure put by the shipbuilding and offshore sectors. The industry is expecting some consolidation.
Trade volumes of ports and terminals are coming under pressure. Shipping industry has been trying to reduce costs and increase efficiency by increasing the ship size. These efforts have resulted in vessels that are very large. It places pressure on the ports. Droughts must be adjusted and more cranes are needed to service larger vessels.
Companies are avoiding manufacturing outsourcing. These changes will affect the quantity, size and routes of vessels. It is likely to result in the development of more value-added services and hub facilities and mergers on the market.
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