Consulting|Technology|International business

The shipping industry!

with one comment

Pop quiz:

Why dedicate an entire blog entry to this critical form of International trade?


– Shipping is one of most global/international industries. 

– The international shipping industry is responsible for the carriage of 90% of world trade!

– Shipping is the life blood of the global economy. Without shipping, intercontinental trade, the bulk transport of raw materials, and the import/export of affordable food and manufactured goods would simply not be possible.

– Shipping is more international than aviation – aviation requires landing rights and therefore regulated commercially. Shipping is the most commercially deregulated industry in the world.

– Containerization has revolutionized the way the shipping industry works. Shipping is more of derived demand – dependent on rate of economic growth.

– 2005 – 2009 – world economic growth is estimated at about 3.5%

One of the esteemed faculty, Mr. Hazra, Chairman and Managing Director of the SCI (Shipping corporation of India – took a session for us during our trade documentation and logistics session last year and it was really a great experience!

Two of the most important channels/canals that facilitate International trade are:

1. The Panama canal – it is a small canal that basically bridges the two large oceans of the world – the Pacific and the Atlantic! Building this canal itself was a feat and some would say it is equivalent to one of the wonders of the world due to the extreme engineering feat achieved!

What is it?

2. The English Channel

Sometimes regarded by many as the world’s busiest seaway, speculators say it contributes to passage of almost 20% of the world trade traffic!



Written by Naveen Athresh

November 15, 2006 at 6:41 pm

One Response

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  1. no


    November 6, 2008 at 2:54 pm

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