Friday, 7 June 2013

Global Economic Forecast Shows Need For Container Investing

The role of the shipping industry in the world’s economy is extremely important and industry leaders have always done a masterful job in navigating the on-going fluctuations in the global market-place, in order to meet the increasing demands. After all, it is the one industry that is directly essential to the functioning of the entire global economy. More than 90% of the world’s consumer goods are transported by sea. With that being said, it is paramount that it operates effectively and efficiently. To accomplish this, the industry has invested trillions of dollars in innovations to it’s vessels and equipment with many of the latest state-of-the-art technologies and building advancements.

For example, the new huge container ships that are sailing today can transport 18,000 TEU’s compared to 1,000 TEU back in the 1960’s when they first were introduced into the world economy. As a result of these necessary evolution in the shipping industry, in the last ten years, over 75% of the world’s countries have invested tens of trillions of dollars into upgrading their port infrastructures to accommodate the new efficient and effective advancements. These investments have not only put these regions in a better competitive position in the future, but they also stimulated their local economies in the short term and created appealing investment opportunities that work to increase their domestic prosperity and economic growth.

There is another important component in the shipping industry that is vital to the global economic system and that is the role of the shipping container itself. It is just a large metal box but without it, no consumer goods would be transported. The whole entire global shipping industry revolves around the supply of shipping containers. It is very important that the container logistics and management firms meet the on-going demand hourly and daily every where around the world. In order to do so they must always have a ready supply of containers to meet the demand or the system would become inefficient.

Over many decades, the container industry has been able to meet the challenge and is expected to do so in the future. The demand for shipping containers has provided many good investing opportunities for investors to capitalise on in the past, and with the expected doubling of the world economy by 2020, the profitable investment opportunity has become even more popular over the last few years. The global economy is growing. And with it, the international shipping industry must grow as well. It has always, and will always be, an extremely important industry with regards to global economic growth and recovery.

No comments:

Post a Comment