An overall decline in demand for freight transportation caused nearly all operators to struggle during the recession. However, the overall economic revival will pave the way for industry growth, as demand for waterborne freight shipping, cruise travel and persistently high fuel prices stimulate revenue. Despite these positive factors, external competition will prove to be an imminent threat.
This industry provides deep-sea, coastal, Great Lakes and St. Lawrence Seaway water transportation. The deep-sea shipping activity includes US-flagged vessels and non-US-flagged vessels. Marine transportation establishments that use the St. Lawrence river are considered a part of the Great Lakes Water Transportation System and are therefore included in this report. This industry also includes deep-sea passenger transportation such as cruise ships.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.