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Port infrastructure serves as the hub of maritime logistics activities for the loading, unloading, storage, and distribution of goods. Maritime logistics involves not only the process of shipping goods by sea, but also encompasses an interconnected ecosystem that includes port infrastructure, the shipping fleet, and operational support services. Simply put, maritime logistics ensures that goods can be transported from one location to another by sea safely, on time, and efficiently. Maritime logistics is a system for managing and moving goods by sea, encompassing the processes of transportation, storage, distribution, and monitoring of goods using ships, ports, and other supporting infrastructure.<\/p>\n<\/p>\n
Among service types, Value-Added Services is projected to grow fastest at 6.1%, as shippers demand integrated, technology-enabled logistics solutions. Asia Pacific is expected to register the highest regional CAGR of 6.1%, driven by port infrastructure expansion programs in China, India, Singapore, and Vietnam. The Pharmaceuticals segment is the fastest-growing application, expanding at a CAGR of 6.8% through 2034, reflecting globalization of drug supply chains and rising demand for GDP-compliant temperature-controlled maritime logistics services. Without maritime logistics, global supply chains for industries ranging from oil and gas to pharmaceuticals, electronics, and food and beverages would be structurally nonviable at current trade volumes and cost levels. The 2021 edition of the RMT provides an update on the latest trends in maritime trade, supply, markets, key performance indicators, and legal and regulatory developments.<\/p>\n<\/p>\n