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Seat transport has increased significantly over the last five decades. This is typically due to the fact that seaborne transport is less expensive and more efficient than other modes of transport. According to Coherent Market Insights’ analysis, seaborne trade accounts for over 90% of global overseas trade. Furthermore, according to the same source, the global seaborne trade increase by 3.8% in 2013 and is expected to grow by 4.1% by 2015. Currently, the Panama Canal is undergoing expansion to permit the passage of large ships (over 10,000 TEU capacity). This expansion has been supplemented by significant investment in container terminals across the globe. Hence, these factors are expected to drive the growth of the global shipping containers market in the near future.