Feb
26
C&W Industrial Research MarketNote: North American Ports Contend with Mega Container Vessels

indKEY TAKEAWAY:

Today’s container ship is the linchpin of cargo transportation with 90 percent of international trade carried by sea. According to Sea-Land Services, Inc, to and from the United States, the yearly waterborne foreign trade amounts to over one billion tons, a value of $625 billion. To keep up with the demand from foreign trade, container ships are becoming larger and more cost effective, driving ports in the U.S. and around the globe into a constant struggle to keep up with the massive bulk of these new modern carriers.

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