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Patterns and trends in the formation of maritime trade market’s parameters

Journal: European Scientific e-Journal (Vol.33, No. 6)

Publication Date:

Authors : ; ;

Page : 36-44

Keywords : parameters; maritime trade market; sustainability; strategies; transport;

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Abstract

The maritime trade market is a complex and dynamic system shaped by various global factors. One of the critical patterns influencing this market is the growth of international trade, which directly affects demand for shipping services. Economic cycles, such as recessions and booms, also impact the supply-demand balance, leading to fluctuations in freight rates. Additionally, geopolitical events, like trade wars or sanctions, can disrupt shipping routes and affect market stability. Technological advancements, such as the digitalization of shipping and the introduction of autonomous vessels, represent another trend reshaping the market. These innovations aim to increase efficiency, reduce operational costs, and minimize environmental impact, in line with growing regulatory pressures on the industry to lower carbon emissions. Developing port infrastructure and integrating logistics systems also play a crucial role, as they enhance the ability to handle increasing cargo volumes and streamline supply chains. Moreover, shifts in consumer behavior, such as the rise of e-commerce, create additional demand for rapid and efficient shipping solutions. The study's object is the maritime trade market, focusing on the shipping companies operating within it. The study aims to investigate how shipping companies can maintain financial and strategic independence despite adverse market conditions, particularly by leveraging capital assets and innovative positioning strategies. The study's main methods include a comparative analysis of the most developed maritime transport countries according to various parameters. The works of prominent maritime economists and industry experts, such as M. Stopford, J. C. Coates, M. Photis, M. Shuo, found this study's theoretical framework. Additionally, industry reports from organizations like the International Maritime Organization and Clarkson Research are utilized for up-to-date market analysis. The authors conclude that economic, technological, geopolitical, and environmental factors influence the maritime trade market, all contributing to its evolving parameters. These elements create a dynamic landscape that industry companies must navigate to remain competitive.

Last modified: 2024-12-09 19:40:43