IBISWorld estimates that revenue for the Coastal Water Transport industry will grow at an annualised 0.5% over the five years through 2011-12. The mining boom has played a large part in revenue growth for the industry, as goods transported continue on to overseas markets. High demand for mined commodities in emerging economies has promoted greater use of coastal water transport and boosted industry revenue. Strong growth and significant investment in liquefied natural gas (LNG) production in Australia and the subsequent demand for bulk shipping has contributed to this growth.
Companies in this industry operate vessels that move passengers or freight by sea between domestic ports. It also includes companies involved in chartering or leasing ships with crew for use in coastal sea transport.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.