Companies in this industry provide deep sea transportation of cargo to or from foreign ports. Major companies include AP Møller - Mærsk (Denmark), CMA CGM (France), COSCO (China), Crowley (US), Evergreen (Taiwan), Hapag-Lloyd (Germany), and MSC Mediterranean Shipping (Switzerland).
Demand is driven by 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 US industry is highly concentrated: the 50 largest companies account for more than 90% of industry revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major services include transportation of intermodal containers (about 45% of industry revenue), boxed and palletized goods (25%), bulk liquids and gases (10%), and dry bulk cargo (5%). Other services include transportation of automobiles and trailers, as well as maintenance and repair services.