Improved Decisions for Ocean FreightsAnalysis
No clear relationship between shipper country and utilization rate |
We see from the graph on the left that shipments originating from Chile, Singapore and the United States have the lowest utilization rates. However, we see from the graph on the right that shipments originating from Fiji, Italy and Estonia have the lowest utilization rates. As such, we are unable to see a clear relationship between the shipper country and utilization rates. |
No clear relationship between consignee country and utilization rate |
With the same X-axis and Y-axis, that is Consignee Country and Average Percentage Utilization, we realise that are no similar trends between the 2 graphs of different industries (auto industry and engineering industry).
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Underutilization could possibly be due to danger of goods involved |
We attempted to analyse if the danger level of the goods affected the choice of container.
We can see from the graph above that 5 out of 6 industries underutilize the containers when dangerous goods are involved. However, we also realized that there are only 142 records of dangerous goods available, as compared to 82,649 records of non-dangerous goods. Due to the vast difference in numbers, we are not able to say with certainty that the danger level of the goods affects the ultimate container choice. |
Breakdown of average utilization by Industries for FCL and LCL |
Out of the 6 industries, it becomes apparent that, in the order of lowest utilization of FCL are:
As such, we would suggest focusing on Engineering companies first. |
We also provide box plots to complement the cumulative distribution graphs so that the distribution can be better understood.
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In this visualization, the different colours represent the different trade routes and the size of the boxes indicate the total cost of all the transactions in that trade route for a specific company.
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