Seafreight forwarders, which are also known as non-vessel operating
common carriers (NVOCCs), are intermediary agents that arrange shipments for
industries from manufacturers to the final point of distribution. They used to
have long-term contracts with shipping line carriers for the movement of cargo.
This enables them to offer secure movement of cargo at low rates. They act as
supply chain experts, and their services range from commercial invoicing,
declaration of shipper’s export, packaging, labeling, documentation
formalities, and warehousing and distribution at destination.
Analysts forecast the Global Seafreight
Forwarding market to grow at a CAGR
of 3.8 percent over the period 2013-2018.
The Report recognizes the following companies as the key players in the
Global Seafreight Forwarding Market: DB Schenker, Deutsche Post DHL, Kuehne +
Nagel International AG, Panalpina Welttransport (Holding) AG.
Other Prominent Vendors in the market are: Agility Global Integrated
Logistics, BDP International, CEVA Logistics, C.H. Robinson, DAMCO, DSV,
Expeditors International, Geodis, Hellmann Worldwide Logistics, Kerry
Logistics, Kintetsu World Express, Logwin, Nippon Express, Sankyu, SDV,
Sinotrans, Toll Holdings, UPS Supply Chain Solutions, UTi Worldwide and Yusen
Logistics.
One of the major trends impacting the marget growth is the rising market
share of the seafreight industry at the cost of the air freight industry.
Hence, there is a shifting customer preference toward using seafreight
services.
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Covered in this
Report
In terms of services offered by forwarders, the Global Seafreight
Forwarding market can be segmented into four: Packaging, Labeling,
Documentation, and Transportation and Warehousing. The service portfolio that
seafreight forwarders are offering increases day by day with the deployment of
hi-tech automated service delivery systems and the offering of customized
integrated service packages.
Global Seafreight Forwarding Market 2014-2018, has been prepared based on
an in-depth market analysis with inputs from industry experts. The report
covers the Americas, and the APAC and EMEA regions; it also covers the Global
Seafreight Forwarding market landscape and its growth prospects in the coming
years. The report includes a discussion of the key vendors operating in this
market.
According to the report, one of the key factors driving the market is the
rising demand from customers for low-cost shipping of huge volumes of cargo.
Companies focus more on their core business strategies and outsource peripheral
functions to specialized service providers so as to increase their operational
efficiency and reduce operating costs.
Further, the report states that one of the main challenges that the
market faces is the spiraling increase in the international fuel prices.
Carriers charge forwarders high freight rates but the latter cannot easily pass
on the costs to end-users. Consequently, the players are frequently increasing
their service charges because of the rapid fluctuations in oil prices.
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