As the following figures show, the shipping market is of considerable importance for the whole German economic: the turnover in the Shipping Economy amounts to approximately EUR 50 billion p. New regulations from the IMO and state authorities will accelerate ship removals. Even if the container fleet is still young it can be foreseen that some 5 000 TEU + ships will be replaced in the next few years. In this growth chemicals and wooden products will take the lead.
It can be further expected that the container cargo growth will be high. The increase of trade, better rates and lower ship newbuilding prices will trigger new orders. In particular, the transportation of liquid bulk in the form of LNG is still a growing business. Shipping of containerized goods follows only in third place. One should further know that out of this 77 % not less than 43 % is energy-related, dry and liquid bulk. The global GDP growth is still on a healthy track and 77 % of global trade (in total: 13,2 billion tons) are seaborne. Regarding the digitalisation of maritime business the saying of the Roman warlord Pompeius “navigare necesse est” is still relevant today, regardless of 3D-printing and other technologies allegedly influencing the nautical world.Įven if internet of things (IoT), digitalisation, block chain and 3D-printing are discussed as the main factors (negatively) impacting on global shipping markets, it has to be stated that this market is still mainly driven by GDP, trade, energy demand and trade politics.
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