Global Tank Container Shipping Market 2017-2021
About Tank Container Shipping
Tank containers can withstand transportation and handling of liquid products, such as oil and gas, chemicals, and liquid food products. Tank container shipping is generally performed in the sea, but with the growth of intermodal transportation, tank containers are widely used for the sea-road and sea-rail transportation as well. Shipping containers can withstand transportation and handling of goods, such as dry goods, bulk liquids, chemicals, and gases. Around 75%-80% of the global merchandise trade is sea-borne.
Technavio’s analysts forecast the global tank container shipping market to grow at a CAGR of 7.35% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global tank container shipping market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Tank Container Shipping Market 2017-2021
Technavio recognizes the following companies as the key players in the global tank container shipping market: Bulkhaul, Den Hartogh Logistics, HOYER Group, NewPort, and Stolt-Nielsen Limited (SNL).
Other Prominent Vendors in the market are: Bertschi Group, Eagletainer Logistics, Suttons, Gruber Liquid Logistics, Intermodal Tank Transport, Leschaco Group, R.M.I. Global Logistic, Van Den Bosch Transporten, and VTG AKTIENGESELLSCHAFT.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growth of intermodal freight transportation. Intermodal freight transportation is expected to witness a CAGR of more than 10% during the forecast period. Intermodal transportation refers to the use of two or more different types of transportation modes for transporting goods from one place to another.”
According to the report, one driver in the market is growth of global oil and gas logistics market. The demand for oil and gas will grow during to the forecast period. This growth in the oil and gas demand is due to the decline in the global crude oil prices during the last five years since 2012. The decline in the crude oil prices increases the demand for crude oil across the world. The global demand for liquid hydrocarbons is expected to reach around 97 million barrels per day by 2020, registering a y-o-y growth rate of 1.2%. This global demand is expected to drive the growth of the global oil and gas logistics market.
Further, the report states that one challenge in the market is fluctuation in tank container disposal rate. The average lifespan of a tank container varies between 15 and 20 years. Moreover, the useful life of a tank container lasts for only 10-12 years. After that, certain amount of retrofit or overhead cost is required to extend the useful life of the tank containers. Once, a tank container attains its maximum useful life; it must be disposed of in a proper and eco-friendly way to reduce landfills. In the global tank container shipping market, the owner of the fleet is responsible for the disposal of the lifeless tank containers. Hence, the fluctuating disposal price will also impact the revenue of the tank container operators.
Bulkhaul, Den Hartogh Logistics, HOYER Group, NewPort, Stolt-Nielsen Limited (SNL), Bertschi Group, Eagletainer Logistics, Suttons, Gruber Liquid Logistics, Intermodal Tank Transport, Leschaco Group, R.M.I. Global Logistic, Van Den Bosch Transporten, and VTG AKTIENGESELLSCHAFT.