Global Marine Freight Market accounted for US$ 493.60 million in 2020 and is estimated to be US$ 705.19 million by 2030 and is anticipated to register a CAGR of 3.6%. Importers and exporters use marine freight (also known as ocean freight) to convey 90% of their goods throughout the world. Shipping containers of goods is one of the most cost-effective modes of transportation, which is vital for supply chain management and operations inside a company and can help keep product prices competitive for end customers. There are four basic types of shipping terms, also known as incoterms (International Commerce Terms),that you should be aware of. These terms define where items are delivered from and to. When having items delivered or importing goods from another country, there are many customs and expenses to consider.

The report " Global Marine Freight Market, By Type (Liquid, Dry, General, and Container), By Industry (Food, Electrical/Electronics, Mineral Fuels & Oils, and Manufacturing), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030’’
Key Highlights:

In June 2021, DHL Global Forwarding, the air and ocean freight business of Deutsche Post DHL Group, announced the launch of a Sustainable Marine Service (SMF), which aims to help customers reduce the climate impact of ocean freight by using Sustainable Marine Fuels to reduce main haul carbon emissions. Full-Container Load (FCL) shipments are the focus of the new service.
In January 2019, The inauguration of maruFreight's new platform was announced by maruFreight, a digital effort for the maritime and transportation industry. maruFreight is a new online platform for maritime and supply chain management that will enhance seaborne trade.
Analyst View:

Large boats (seen in the map) dominate global maritime freight because VOCs have predictable service schedules and direct port calls. The size of the ship deployed is also determined by trade volume, port draught, and cargo handling capabilities. Small vessels dominate the maritime freight business in Asia Pacific, as the majority of shipments are Trans shipments between hub and spoke ports. The market scenario suggests that shippers have nothing to worry from consolidation; the sector is moving toward a scenario in which a few number of strong carriers rule the roost, but most trades are still competitive for the time being. Shippers must keep an eye out for deals that may affect their primary routes.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Marine Freight Market, By Type (Liquid, Dry, General, and Container), By Industry (Food, Electrical/Electronics, Mineral Fuels & Oils, and Manufacturing), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”

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Key Market Insights from the report:

Global Marine Freight Market accounted for US$ 493.60 million in 2020 and is estimated to be US$ 705.19 million by 2030 and is anticipated to register a CAGR of 3.6%. Global Marine Freight market is segmented into type, industry and region.

Based on Type, the Global Marine Freight Market is segmented into Liquid, Dry, General, and Container.
Based on Industry, the Global Marine Freight Market is segmented into Food, Electrical/Electronics, Mineral Fuels & Oils, and Manufacturing.
By Region, the Global Marine Freight Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to account for major revenue share as compared to that of other regions.
Competitive Landscape & their strategies of Global Marine Freight Market:

The key players in the global Marine Freight market includes A.P. Moller Maersk, CMA CGM SA, Mediterranean Shipping Company S.A., DHL Global Forwarding, Panalpina, Ceva Logistics, DB Schenker, Nippon Express Co., Ltd, International Trade Centre (ITC), and United Nations Conference on Trade and Development (UNCTAD).

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
Market Purview

Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Market Trends
DR Impact Analysis
PEST Analysis
Porter’s Five Forces Analysis
Opportunity Orbit
Market Investment Feasibility Index
Macroeconomic Factor Analysis
Market Estimation
Top-Down Approach
Approach for estimating Market Share by Top-Down Analysis (Supply Side)
Bottom-Up Approach
Approach for estimating market share by Bottom-up Analysis (Demand Side)
Market Breakdown and Data Triangulation
Research Assumptions
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