hip market discussionibig集装箱船市场讨论.pdfVIP

AccesstheRestoftheIBInterviewGuide

IBInterviewGuide,Module3:MarketDiscussionExample–

Containerships(Shipping/MaritimeIndustry)

Youcanusethisoutlineandexecutedexampleformarketdiscussions.

SourcesofInformation:

analysis/2017the-shipping-market-in-2016-

and-looking-forward

world/

ofcontainershippingcompaniesbyshipfleetsandcont

ainers

story.html

Outline:

1)ApproximateMarketSizeandGrowthRate–~$380billionworldwidemarket,~5%of

globaltrade,andtotalvolumeof~50,000billiontonne-miles.Marketdividedinto

(energy),drybulk(commodities),andcontainer(consumergoods)segments.

Containershipshavegrownat2-3xglobalGDPgrowth,but1xmorerecently.

2)TrendsandDrivers–Highlycyclical;volumeup~4xover40years,butlotsofhighsand

lows.Sufferedfromrecentovercapacityandeconomicslowdownin.

Demographicsinwillincreaseconsumerdemand,butcompanieshaveaging

workforcesandmayfindittoughtokeepup.

3)Fragmentation/KeyPlayers–Fewcompaniesownbetween5%and15%ofthe

market.Consolidationunlikelytocreatenewopportunitiessinceshipsremaininuse.

1of3

AccesstheRestoftheIBInterviewGuide

4)YourView/Recommendation–Interestinginthelongtermbecauseofdemographic

trendsandtradegrowth,butavoidintheshorttermduetoovercapacity,

protectionism,andslowdownin.

ExecutedMarketDiscussion:

“Sure.OneindustryI’vefollowedistheshipping/maritimemarket,andspecificallythe

containershipsegment.Worldwide,shipping/maritimeisa$380billionmarket,whichisabout

5%oftotalglobaltrade.Total