Download – KOMAND Consulting Marine Transport Executive Perspectives
The marine industry has diverse sectors in container, bulk, oil, chemical and specialized transport. Besides terminal & port operations and local agents, the industry is supported through a myriad of peripheral suppliers including charterers, crewing companies, bunker & lube providers, dry docks, freight forwarders, spares, ship supply, catering and other related services.
How companies prepare themselves for the inevitable market volatilities in each of these sectors will determine whether they will survive and remain profitable.
In fact, during the last major downturn in 2011-12, the 16 largest carrier companies dropped freight prices substantially in order to maintain the same levels of vessel idle time. The cost: US$11.4 billion in losses compared to profits of US$7.1 billion just a year earlier1.
“KOMAND understood our core competencies and helped us leverage them to provide our customers with the best-in-class offering. We solidified our leadership position as pioneers and continue to grow by partnering with our customers and sharing in their success.”
– Business Unit Director of a global market leader in the transportation industry