Over the past five years, the Water Freight Transport industry has transported increasing volumes of freight between Australian and foreign ports. However, much of this growth is due to a low base when international shipping rates fell in the wake of the global financial crisis. Substantial oversupply emerged and persisted in international shipping markets in the three years following the global financial crisis. As a result, shipping rates have remained suppressed. Industry revenue is expected to grow at a compound annual rate of 7.0% over the five years through 2014-15. However, much of this growth is due to a low base year following a downturn in shipping markets in 2009-10.
This industry operates vessels that transport freight by water. Primary activities include international sea freight transport services between domestic and international ports, coastal sea freight transport services between domestic ports, freight ferry services and harbour freight transport services. Further activities include river freight transport services, ship freight management services (the operation of ships on behalf of owners) and inland water freight transport services.
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.