Shipping Industry Still Battling the Storm: New Analysis

MarineLink.com
Monday, January 20, 2014
Frontispiece image credit PwC

The fifth annual Global Shipping Benchmarking Analysis 2013, published by PwC provides an overview of the factors that impacted the shipping industry in the previous year and analyses how these have been reported by a large number of shipping companies from around the world. The analysis is introduced by Socrates Leptos-Bourgi, PwC Global Shipping & Ports Leader:

"Year 2012 was marked by sluggish economic growth and geopolitical turmoil. The shipping crisis deepened even further and almost all shipping sub-sectors underwent the most challenging market conditions in a long time.

Global growth in 2012 was slightly above 3% and is projected to remain at the same levels in 2013 (IMF, July 2013), mainly driven by weaker domestic demand and slower growth in several key emerging market economies, as well as by a more protracted recession in the euro area.

In the current publication, we have also chosen to look at sustainability reporting for shipping for the second year in a row. Our analysis shows that shipping is still lagging behind other industries in this field with only a minority of shipping companies reporting about sustainability.

Sustainability reporting, is still viewed as a matter of compliance by the majority of shipping companies rather than a tool to communicate strategy and competitive advantage."

The Global Shipping Benchmarking Analysis 2013, is a complimentary .PDF download at: http://www.pwc.com/gx/en/transportation-logistics/global-shipping-benchmarking-analysis-2013-still-battling-the-storm.jhtml


 

 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Pollet to Lead R&D at Coldharbour Marine

Coldharbour Marine Ltd. has appointed Professor Bruno Pollet to head its R&D department.   Bruno Pollet moves to Linby, Nottinghamshire from the University of the Western Cape,

ClassNK Opens R&D Center in Singapore

Classification society ClassNK promoted the activities of its new Global Research and Innovation Center (GRIC) at a press conference held today in Singapore.   Joined

ABS Appoints New Chief Technology Officer

ABS named Howard Fireman as Senior Vice President and Chief Technology Officer (CTO) effective April 20 in a move that strengthens alignment and generates further

Finance

Royal Caribbean Cuts Profit Forecast

Royal Caribbean Cruises Ltd cut its adjusted profit forecast for the year, citing a jump in fuel prices since its January forecast and a strong dollar.   Shares

Baltic Index Up Slightly on Higher Rates for Large Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose slightly on Monday due to firmer rates for the large vessel segments.

ExxonMobil President Seeks Swift Action on US LNG Exports

The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves

Logistics

First Ocean Vessel of 2015 Arrives at Port of Indiana

Northwest Indiana celebrates opening of gateway to global markets   The arrival of the 655-foot bulk carrier M/V Irma at the Port of Indiana-Burns Harbor signals

Baltic Index Up Slightly on Higher Rates for Large Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose slightly on Monday due to firmer rates for the large vessel segments.

ExxonMobil President Seeks Swift Action on US LNG Exports

The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Port Authority Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1748 sec (6 req/sec)