Characteristics And Market Analysis Of Marine Heavy Transportation

With worldwide infrastructure construction and marine oil exploitation in recent years, marine heavy transportation becomes increasingly important in international shipping market due to high degree of specialization and irreplaceability, which also possesses bright prospect. But theoretical research to this market lags behind, market is also under-developing. This paper not only makes up for the inadequacy of theoretical research, but also provides essential guidance for domestic shipping companies engaged in heavy lift transportation.Based on introduction of concepts and theories of marine heavy transportation, analyzes characteristics of marine heavy transportation from the perspective of market factors such as cargoes, vessels, routes and ports, then followed by the introduction of operational processes of specific cargo and its feature. Through empirical analysis of market data, presents current situations and supply-demand features of marine heavy transportation markets in aspect of supply and demand. Makes qualitative analysis of how five powers affects the market competition by using Porter’s Five Forces Analysis, which including bargaining power of shipowners, bargaining power of cargo owners, threat of new entrants, threat of substitutes and competition among shipowners, comes to the conclusion that the competition of this market is overall stable, but will be more intense gradually. After a macro summary of influential factors and supply-demand rules of the market, uses RIG as an example to elaborate the future change of supply-demand. Finally, combines Time-series Method and Trend Extrapolation to predict forecast market supply-demand trend. It is predicted that market demand and supply will increase stably, there will be less supply than demand in short term, but the growth rate of supply is faster than that of demand, market competition will be more intense gradually.