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NAICS Code 483113-03 Description (8-Digit)

Ocean-Freight is a subdivision of the Coastal and Great Lakes Freight Transportation industry, which involves the transportation of goods and cargo by sea. This industry includes the movement of cargo between ports located in different countries, as well as the transportation of goods within a single country's coastal waters. Ocean-Freight is a vital component of international trade, as it allows for the transportation of large quantities of goods across long distances.

Hierarchy Navigation for NAICS Code 483113-03

Tools

Tools commonly used in the Ocean-Freight industry for day-to-day tasks and operations.

  • Container ships
  • Cargo vessels
  • Tankers
  • Bulk carriers
  • Refrigerated ships
  • Roll-on/roll-off ships
  • Tugboats
  • Cranes
  • Forklifts
  • Shipping containers
  • GPS navigation systems
  • Marine communication equipment
  • Cargo tracking software
  • Port management software
  • Marine fuel management systems
  • Marine weather forecasting tools
  • Marine safety equipment
  • Marine pollution control equipment
  • Marine firefighting equipment

Industry Examples of Ocean-Freight

Common products and services typical of NAICS Code 483113-03, illustrating the main business activities and contributions to the market.

  • International shipping of automobiles
  • Transportation of crude oil
  • Export of agricultural products
  • Import of consumer electronics
  • Shipping of construction materials
  • Transportation of chemicals and hazardous materials
  • Import and export of clothing and textiles
  • Shipping of raw materials for manufacturing
  • Transportation of heavy machinery
  • Import and export of food products

Certifications, Compliance and Licenses for NAICS Code 483113-03 - Ocean-Freight

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • International Maritime Dangerous Goods (IMDG) Code: This certification is required for the safe transportation of dangerous goods by sea. It is issued by the International Maritime Organization (IMO). The certification ensures that the goods are properly classified, packaged, marked, and labeled.
  • US Coast Guard Merchant Mariner Credential (MMC): This credential is required for all crew members working on US-flagged vessels. It ensures that the crew members are properly trained and qualified to perform their duties. The credential is issued by the US Coast Guard.
  • US Customs and Border Protection (CBP) Bond: This bond is required for all ocean freight forwarders and non-vessel operating common carriers (NVOCCs) operating in the US. It ensures that the companies comply with all CBP regulations and pay all duties and taxes owed. The bond is issued by a surety company.
  • International Ship and Port Facility Security (ISPS) Code: This code is required for all ships over 500 gross tons engaged in international voyages. It ensures that the ships have proper security measures in place to prevent acts of terrorism. The code is issued by the IMO.
  • US Environmental Protection Agency (EPA) Vessel General Permit (VGP): This permit is required for all vessels over 79 feet in length operating in US waters. It ensures that the vessels comply with all EPA regulations related to discharges from vessels. The permit is issued by the EPA.

History

A concise historical narrative of NAICS Code 483113-03 covering global milestones and recent developments within the United States.

  • The Ocean-Freight industry has a long and rich history dating back to the ancient times when the Phoenicians and Greeks used ships to transport goods across the Mediterranean Sea. In the 19th century, the industry saw significant growth with the advent of steamships, which allowed for faster and more efficient transportation of goods. The industry continued to evolve with the introduction of containerization in the mid-20th century, which revolutionized the way goods were transported across the world. In recent years, the industry has faced challenges such as overcapacity, volatile fuel prices, and geopolitical tensions, but it has also seen advancements in technology, such as the use of blockchain for supply chain management. In the United States, the Ocean-Freight industry has a more recent history, with the establishment of the Jones Act in 1920, which requires that all goods transported between US ports be carried on US-built, owned, and crewed vessels. The industry saw significant growth in the post-World War II era, with the US becoming a major player in the global trade of goods. In recent years, the industry has faced challenges such as the trade war with China, which has led to a decline in US exports, and the COVID-19 pandemic, which has disrupted global supply chains. Despite these challenges, the industry has continued to adapt and innovate, with the use of automation and digitalization to improve efficiency and reduce costs.

Future Outlook for Ocean-Freight

The anticipated future trajectory of the NAICS 483113-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Ocean-Freight industry in the USA is positive. The industry is expected to grow at a steady pace due to the increasing demand for goods and products across the globe. The industry is also expected to benefit from the growth of e-commerce and the increasing popularity of online shopping. The industry is also expected to benefit from the expansion of the Panama Canal, which will allow larger ships to pass through, reducing transportation costs and increasing efficiency. However, the industry may face challenges due to the ongoing trade tensions between the US and China, which may impact the demand for goods and products. Additionally, the industry may face challenges due to the increasing regulations and environmental concerns, which may impact the operations and profitability of the industry. Overall, the industry is expected to grow and adapt to the changing market conditions and technological advancements.

Industry Innovations for NAICS Code 483113-03

Recent groundbreaking advancements and milestones in the Ocean-Freight industry, reflecting notable innovations that have reshaped its landscape.

  • Digitalization Of Shipping Documents: The Ocean-Freight industry has been moving towards digitalization of shipping documents, which has reduced the time and cost of processing documents and increased efficiency.
  • Use Of Blockchain Technology: The industry has also been exploring the use of blockchain technology to improve transparency, security, and efficiency in the supply chain.
  • Adoption Of Green Technologies: The industry has been adopting green technologies such as low-sulfur fuels, which has reduced the environmental impact of the industry.
  • Use Of Automation and Robotics: The industry has been using automation and robotics to improve efficiency and reduce costs in the operations.
  • Expansion Of Services: The industry has been expanding its services to include value-added services such as warehousing, packaging, and distribution, which has increased the revenue and profitability of the industry.

NAICS Code 483113-03 - Ocean-Freight

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