marketreports

  Cargo shipping market is analyzed   to grow at a CAGR of 3.8%  during the forecast period 2021-2026   to reach $15,328.65 million tons . Cargo shipping generally refers to the mode of transportation of goods or cargos via sea using container ships or vessels. Different types of vessels are used according to the shipping requirement of the end-users including tankers, reefer vessels, multi-purpose vessels, and so on. Owing to lesser costs along with optimum safe or secured transportation and larger load carrying capacity serves as the key advantages for the sea   freight transport   compared to others. Factors such as growing initiatives towards enhancing port infrastructures rise of favourable trade agreements, technological advancements and so on are some of the major driving factors impacting the growth of cargo shipping services. In addition, development of low emission container ships to reduce environmental hazards for the water bodies as well as ris...