Cargo Shipping Market to Reach 12.52 Bln Ton by 2021
transport followed by Europe and North America in 2016. Asia-Pacific accounted for the largest share of the global cargo shipping trade in 2016. Developing Asian economies are driving growth in Asia-Pacific region. China is major exporter in Asia-Pacific as it is developed as manufacturing hub. Market demand, developments in port infrastructure and strong government support has enabled Asia-Pacific to achieve largest market share. The European region has been segmented into Germany, France, the U.K., Spain and Russia. Europe is estimated to account for the second-largest
Romica Adds Three Senior Managers
manager. Bob Turner said Romica has maintained a strong market position by keeping manufacturing costs low and engineering quality high: “Like the majority of the big players in the sector we have moved our manufacturing operation overseas,” he said. “We established a manufacturing hub in Romania 13 years ago which draws on a large maritime engineering skills base enabling us to undertake a broad variety of work. The last 12 years have seen Romica develop as a world leading manufacturer of marine lift equipment. This has been based around a strategy of developing relationships
CTruk Sets Plans for Expansion
next few years. According to CTruk, a green light for this project would be great news for The Hythe, an area of Colchester marked for regeneration. CTruk’s plans, which would be substantially complete by the end of 2015, would see the long-derelict Fieldgates transformed into a vibrant manufacturing hub, creating a ripple effect of indirect job creation in the local community as the workforce moves in and grows. It is hoped that the return of a marine based industry to this former port area will act as a stimulus for further new business in the area. It could also provide opportunities for
