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

People & Company News

Solarworld Wants Duties on Chinese Solar Goods in U.S. Extended

German solar manufacturer SolarWorld will apply to the United States for an extension of duties on Chinese panel imports that are due to end this year, weekly Euro am Sonntag said.

Sea Urchin Haven Disturbed by Oil Spill

Stephanie Mutz makes a living plucking sea urchins from the Santa Barbara coast and selling the prickly treasure to upscale restaurants in Southern California.

5 Tunisian Migrants Die in Shipwreck

At least five Tunisian migrants died on Saturday when their boat sailing to Italy capsized off the Tunisian coast, officials said. "A migrant boat carrying

Finance

Solarworld Wants Duties on Chinese Solar Goods in U.S. Extended

German solar manufacturer SolarWorld will apply to the United States for an extension of duties on Chinese panel imports that are due to end this year, weekly Euro am Sonntag said.

Sea Urchin Haven Disturbed by Oil Spill

Stephanie Mutz makes a living plucking sea urchins from the Santa Barbara coast and selling the prickly treasure to upscale restaurants in Southern California.

Viking Orders 2 Liebherr Cranes

An LR 1300 with super lift equipment and an LR 1160 crawler crane will strengthen the fleet of Viking Cranes. The Tallinn-based company with branch offices

Logistics

Viking Orders 2 Liebherr Cranes

An LR 1300 with super lift equipment and an LR 1160 crawler crane will strengthen the fleet of Viking Cranes. The Tallinn-based company with branch offices

Red Tape, Industrial Relations Could Stifle LNG Potential

Australia could develop the world’s most technologically advanced LNG industry, according to a report by Accenture. But if industry is to reach its potential

KPCT Launches New Gulf Service

Containerized volumes are steadily increasing on the East Coast of India. Keeping pace with the growth, Krishnapatnam Port Co. Ltd. (KPCT) now offers a new service to the Gulf sector.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Salvage Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.2025 sec (5 req/sec)