The global shipping industry is one of the largest in the present day. It is expected to drop 5-10% due to rising oil prices and an oversupply. Dry bulk and crude oil tankers are the most likely to suffer in this demand gap. Freight rates have been slowly increasing due to costs. This has decreased the profit margin seen by global freight shipping companies. A series of shipping company logos from the largest shippers in the world are listed below.
The Asia Pacific shipping industry is expected to see the fastest growing marketing and strong long term growth. New strategies focused on sustainability shipping through lighter material, more energy efficient, and strong structural integrity are being looked at. For crew members, integrating wearable tech can transform the current landscape for safety. Only time will tell what other ideas may pop about, influencing the slow transformation of this industry.
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