Water Transportation includes establishments primarily engaged in providing waterborne transportation of cargo and passengers along the lakes, rivers and other inland waterways. This can involve ships, ferries, cruise ships, submarines and other water-borne crafts. Ship transport is primarily used for the carriage of people and non-perishable goods, generally referred to as cargo.
The global Water Transportation market was valued at $393.4 billion in 2017. Asia Pacific was the largest geographic region accounting for $178.8 billion or 45.4% of the global market. And China was the largest country accounting for $72.8 billion or 18.5% of the global Water Transportation market.
The introduction of new tank barges with more storage capacity has increased the usage of water transportation mode as it is cheaper, reliable and less polluting. Tank barges are craft used to transport cargo or passengers through river and other inland waterways. Usage of this mode has increased among the companies to transport the liquid-bulk cargo.
Companies Covered: A.P. Møller-Maersk, Mediterranean Shipping Company (MSC), CMA-CGM, Evergreen Marine Corporation, Nippon Yusen Kabushiki Kaisha (NYK)
Market Segments Included: Deep Sea, Coastal, And Great Lakes; Inland
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