Analysis of the maritime transport market
The relevance of research
Most of the cargo is transported by sea all over the world. This is especially true for bulk cargoes such as crude oil, oil products, liquefied gas and chemical products in bulk. Containers occupy the second place in terms of the volume of transportation by sea. Container ships have displaced multipurpose ships from the market, as any cargo can be placed in a standard 20- or 40-foot container. At the same time, the processing time of such vessels has been reduced tenfold due to the unification of the transport system of the whole world in relation to container transportation. A significant role is played by the mechanization and information support of transport processes.
Purpose of the study
Analysis of the state of the market for maritime transportation services, assessment of the market size, analysis of competitors, as well as identification of factors affecting the market for maritime transportation services.
Content
Part 1. Overview of the Indian market for shipping services
1.1. Definition and Characteristics of the Indian Shipping Services Market
1.2. Dynamics of the volume of the Indian market for maritime transport services, 2012-2017
1.3. Market structure by type of service provided in India
1.4. Structure of the maritime transportation services market in the Union Territories
1.5. Assessment of current trends and development prospects of the studied market
1.6. Assessment of factors affecting the market
1.7. Analysis of sectoral indicators of financial and economic activity
Part 2: Competitive Analysis in the Indian Ocean Freight Services Market
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players
Part 3. Analysis of the consumption of maritime transport services. Identification of potential customers interested in the service
3.1. Estimated volume of consumption of maritime transport services per capita
3.2. Market Saturation and Estimated Market Potential in India
3.3. Description of consumer preferences
3.4. Price analysis
Part 4. Assessment of factors of investment attractiveness of the market
Part 5. Forecast of the development of the maritime transport services market until 2022
Part 6. Conclusions on the prospects of creating enterprises in the study area and recommendations to existing market operators
Research excerpt
Part 1. Overview of the Indian market for shipping services
1.1. Definition and Characteristics of the Indian Shipping Services Market
Maritime transport is a type of water transport. Maritime transport includes any vessel capable of moving on the water surface (seas, oceans and adjacent water areas), as well as simply being afloat and performing certain functions related to the transportation, transshipment, storage, processing of various cargoes; transportation and passenger service.
Most of the cargo is transported by sea all over the world. This is especially true for bulk cargoes such as crude oil, oil products, liquefied gas and chemical products in bulk. Containers occupy the second place in terms of the volume of transportation by sea. Container ships have displaced multipurpose ships from the market, as any cargo can be placed in a standard 20- or 40-foot container. At the same time, the processing time of such vessels has been reduced tenfold due to the unification of the transport system of the whole world in relation to container transportation. A significant role is played by the mechanization and information support of transport processes.
Also, specialized ships that are designed to carry one or more types of cargo include car carriers, refrigerated ships, livestock carriers, heavy carriers, bulk carriers (bulk carriers), lighter carriers, towing, etc.
Depending on the tasks and type of cargo, ships have the appropriate characteristics that reflect their autonomy, carrying capacity, loading and unloading methods, speed data; ability to withstand weather conditions, restrictions on the navigation area, maintain temperature and atmospheric regimes of cargo holds.
Chart 1. Monthly sea freight turnover in India, 2015-2017
Maritime passenger transportation carried out by Indian ships has a narrow focus: these are mainly resort destinations (Crimea, Caucasus). The largest ports of the country are located on the Black Sea coast. The average annual number of passengers using water transport services is about 25-30 million people.
Chart 2. Monthly sea passenger traffic in India, 2015-2017
1.2. Dynamics of the volume of the Indian market for maritime transport services, 2012-2017
During 2012-2015 volume of the maritime transport services market in monetary terms … . In 2016, the market contraction by …%. In 2017, the volume of the maritime cargo transportation market in India in monetary terms amounted to … billion Rs., having exceeded the level of 2016 by …%. The average annual rate of … the industry for the period under study amounted to …%.
...
Diagram 3. Dynamics of the volume of the maritime transportation services market in India for the period 2012-2017 in monetary terms, billion Rs.
Dynamics of cargo turnover in maritime transport in 2012-2017 was oscillatory. In 2017, the cargo turnover reached … bn t-km, … relative to 2012 …%. Cargo turnover in January 2018 by …% compared to the same period last year and amounted to … bn t-km.
Diagram 4. Dynamics of the volume of the sea freight market in India in physical terms for 2012-2017, billion t-km.
Dynamics of passenger turnover in maritime transport in 2012-2017 also had ... character. In 2017, the passenger turnover is … billion p-km, … compared to 2012 by … times.
Diagram 5. Dynamics of the volume of the maritime passenger transportation market in India in real terms for 2012-2017, billion p-km.
1.3. Market structure by type of service provided in India
Ocean shipping in India predominantly consists of freight traffic. So during 2012-2017. the share of cargo transportation in the maritime transport system was ...%-...%.
Diagram 6. Structure of the maritime transportation services market by type, %
The structure of cargo transportation by sea is dominated by export transportation, which accounts for …% of the total transportation volume. …% of traffic is … . Transit and import transportation together account for …% and …% of the total volume of cargo transportation.
Transshipment of dry cargo in 2017 amounted to …% of the total volume of cargo transportation, respectively, the share of liquid cargo accounted for …%.
Diagram 8. Structure of cargo transportation by sea transport by type of cargo, %
In the structure of maritime passenger traffic, suburban navigation accounts for …% of traffic. Coastal navigation occupies …%, overseas - …%.
Diagram 9. Structure of passenger transportation by sea, %
1.4. Structure of the maritime transportation services market in the Union Territories
In the structure of the maritime transport services market in India, the first place is … the pool, which accounts for …% of cargo turnover in 2017. In second place is ... - 31,5%, in third ... - 24,4%. …
Diagram 10. Structure of cargo turnover in India by sea basins, %
In the structure of industry revenue, 50% is accounted for by … Union Territories, …% is occupied by … Union Territories. The share of … Union Territories accounts for …%. … Union Territories occupies …% of maritime transport revenue...
1.5. Assessment of current trends and development prospects of the studied market
The world ocean is the most important transport artery.
...
1.6. Assessment of factors affecting the market
Let's consider the main factors influencing the market and, accordingly, demand.
...
1.7. Analysis of sectoral indicators of financial and economic activity
Consider the financial and economic indicators for the industry ...
Part 2: Competitive Analysis in the Indian Ocean Freight Services Market
2.1. Major players in the market
One of the strongest players in the Indian shipping market is Modern Commercial Fleet PJSC, one of the largest shipping companies in India, one of the world leaders in the field of marine transportation of hydrocarbons, as well as servicing offshore exploration and production of oil and gas.
...
2.2. Market shares of the largest competitors
At the moment, the market leader in maritime transport in India is …
2.3. Profiles of major players
Sovcomflot was founded in 1973 with the aim of acquiring new and used vessels under a long-term leasing scheme to the USSR Ministry of the Navy. Later, in 1995, Sovcomflot was transformed into a joint-stock company, 100% of whose shares are owned by the state.
...
Chart 21. Dynamics of the total revenue of the largest market operators (TOP-5) in India, 2012-2017, million Rs.
Part 3. Analysis of the consumption of maritime transport services. Identification of potential customers interested in the service
3.1. Estimated volume of consumption of maritime transport services per capita
During 2012-2015 per capita consumption of maritime transport services has steadily increased...
3.2. Market Saturation and Estimated Market Potential in India
On a global scale, maritime transport ranks first in terms of cargo turnover, standing out for the minimum cost of cargo transportation.
...
3.3. Description of consumer preferences
The transport and logistics component occupies a significant share in the structure of production costs. It is no coincidence that global research groups regularly measure the quality parameters of these services.
...
The decisive criterion for choosing a carrier is ... (33%), in second place is such a criterion as ... (29%). ... plays a role for 21% of respondents, and ... - for 17%.
3.4. Price analysis
The largest increase in the price of maritime services in India during 2012-2018 (Jan.) noted in 2014, when the consumer price index amounted to …%. At the same time, the lowest value of the indicator was noted in 2016, when prices decreased by …%. In January 2018, sea transportation prices … by …% compared to 2017
The cost of sea transportation is made up of many different factors, but the main ones are three components of the price of the service: ...
Part 4. Assessment of factors of investment attractiveness of the market
...
Part 5. Forecast of the development of the maritime transport services market until 2022
We will analyze the market based on methods based on identifying trends over time, adjusted for expert opinion in the industry...
Part 6. Conclusions on the prospects of creating enterprises in the study area and recommendations to existing market operators
...
Diagrams
Diagram 1. Monthly sea freight turnover in India, 2015-2017
Diagram 2. Monthly sea passenger traffic in India, 2015-2017
Diagram 3. Dynamics of the volume of the maritime transport services market in India for the period 2012-2017 in monetary terms, billion Rs.
Diagram 4. Dynamics of the sea freight market volume in India in real terms for 2012-2017, billion t-km.
Diagram 5. Dynamics of the maritime passenger transportation market in India in real terms for 2012-2017, billion p-km.
Diagram 6. Structure of the maritime transportation services market by type, %
Diagram 7. Structure of the maritime transportation services market by directions, %
Diagram 8. Structure of cargo transportation by sea by types of cargo, %
Diagram 9. Structure of passenger transportation by sea, %
Diagram 10. Structure of cargo turnover in India by sea basins, %
Diagram 11. The structure of the provision of services for maritime transportation in India by region, % Diagram 12. Dynamics of the population of India, 2011-2017
Diagram 13. Dynamics of India's GDP, 2012-2017, % to the previous year
Diagram 14. Dynamics of the US dollar against the rupee, 2015-2017, Rs. for 1 US dollar
Diagram 15. Change in inflation rate in India, 2011-2017
Diagram 16. Dynamics of real income of the population of India, 2011-2017
Diagram 17. The volume of paid services to the population in India, trillion Rs., 2012-November 2017
Diagram 18. Age structure of the Indian Navy, 2016
Diagram 19. Dynamics of the average interest rate on loans to legal entities, 2013-2017
Diagram 20. Shares of the largest competitors in the shipping market, %
Diagram 21. Dynamics of the total revenue of the largest market operators (TOP-5) in India, 2012-2017, million Rs.
Diagram 22. The volume of consumption of maritime transport services per capita, 2012-2016, Rs./person
Diagram 23. Most trusted transport service providers, %
Diagram 24. Carrier selection criteria, %
Diagram 25. Forecast of the volume of the maritime transportation services market in 2018-2022, billion Rs.
Tables
Table 1. Industrial production index by state of India (in % of the previous year), 2011 - 2017
Table 2. The dynamics of the US dollar against the rupee, Jan. 2015-Jul. 2017, Rs. for 1 US dollar
Table 3. Dynamics of the inflation rate, the refinancing rate of the Central Bank of India and the key rate of the Central Bank of India, 2011-Feb. 2018
Table 4. Weighted average interest rates of credit institutions on credit operations in rupees (% per annum), 2013-2017
Table 5. STEP-analysis of factors influencing the maritime services market
Table 6. Gross profitability of the maritime freight transport industry in comparison with all sectors of the Indian economy, 2012-2016, %
Table 7. Gross profitability of the maritime passenger transport industry in comparison with all sectors of the Indian economy, 2012-2016, %
Table 8. Profitability of profit before tax (profit of the reporting period) in the field of maritime freight transport in comparison with all sectors of the Indian economy, 2012-2016, %
Table 9. Profitability of profit before tax (profit of the reporting period) in the field of maritime passenger transport in comparison with all sectors of the Indian economy, 2012-2016, %
Table 10. Current liquidity (total coverage) in the field of maritime freight transport for 2012-2016, times
Table 11. Current liquidity (total coverage) in the field of maritime passenger transport for 2012-2016, times
Table 12. Absolute liquidity in the field of maritime freight transport in comparison with all sectors of the Indian economy, 2012-2016, times
Table 13. Absolute liquidity in the field of maritime passenger transport in comparison with all sectors of the Indian economy, 2012-2016, times
Table 14. Business activity (average term of receivables turnover) in the field of maritime passenger transport, for 2012-2016, days days
Table 15. Business activity (average period of receivables turnover) in the field of maritime freight transport, for 2012-2016, days days
Table 16. Financial stability (security of own working capital) in the field of maritime freight transport, in comparison with all sectors of the Indian economy, 2012-2016, %
Table 17. Financial stability (security of own working capital) in the field of maritime passenger transport, in comparison with all sectors of the Indian economy, 2012-2016, %
Table 18. Profit (loss) from the sale of maritime transport services for freight traffic in the Union Territories of India, 2012-2016, million Rs.
Table 19. Profit (loss) from the sale of maritime transport services for passenger traffic in the Union Territories of India, 2012-2016, million Rs.
Table 20. The main companies participating in the shipping market
Table 21. Consumer price indices for shipping services in India in 2012-2018 (Jan.), %
Table 22. Average prices for sea transportation services
Table 23. Assessment of factors of investment attractiveness of the maritime transportation services market
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