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activities is projected to have a positive impact on the market growth. For example, Ocean Network Express
(ONE), a new joint venture, announced by three Japanese companies including K-Line, NYK, and MOL,
received merger approvals in the recent past and the new firm started its operations in April 2018.
Browse Details of Report @ https://www.hexaresearch.com/research-report/container-shipping-market
IBM Corp. and Maersk Group recently announced a new blockchain-based joint venture to offer a
global trade digitization platform and address the needs for simplicity and transparency in shipping
across border and trading zones. Development of block chain technology to support the
intercontinental e-commerce will eventually fuel demand for the product in the years to come. The
market is expected to witness significant growth in developed regions, such as North America and
Europe on account of presence of better transportation services. U.S. is the leading country for
container transport in North America, followed by Canada. Whereas in Europe, countries including,
U.K., Germany, France, Italy, and Spain, are likely to contribute significantly to the market growth.
Asia Pacific is projected to witness potential growth opportunities on account of presence of several
developing nations, including Japan, China, and India and emergence of a number of leading
companies due to low labor costs. Rising number of manufacturing units in the region is also
contributing significantly to the growth. Key companies are adopting marketing strategies, such as
partnerships, mergers and acquisitions, joint ventures, novel product development, and technological
innovations in order to strengthen their position in the market. For instance, recently at Innovation Expo
2018, Kotug demonstrated its remote-controlled tug, which can eliminate risks to crew members during
normal ship handling operations. The demonstration was a joint industry project supported by several
stakeholders including Alphatron. Kotug believes that this development will eventually lead to
unmanned autonomous shipping.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/automotive-and-
transportation-industry
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