Up to 90% of world’s merchandise are carried by sea and the reason is that there are multiple benefits for foreign trade compared with air, rail or road transport.
In an ever-growing globalized economy, the necessity for shipping bigger volumes of cargo in the less time possible is increasing. This has led to the construction of the so-called mega vessels, with the capacity to carry huge amounts of goods into thousands of shipping containers at once. This dynamic benefits the economy of scale and foreign trade, import, and export of all kinds of merchandise and raw materials.
“Today, around 90 percent of world trade is carried by the international shipping industry. Without shipping the import and export of goods on the scale necessary to sustain the modern world would not be possible. And seaborne trade continues to expand, bringing benefits for consumers across the world through competitive freight costs. Yet the fact remains that most of the world’s population is not aware of the vital role shipping plays in their everyday lives,” said Koji Sekimizu, Secretary-General of IMO when he announced the theme for International Shipping Day 2016: “Shipping: indispensable to the world”.
In this sense, shipping is present in the development of our daily lives, even if we are sometimes unaware of this fact. To help you understand why shipping is the favorite way of transport, here we will show you four reasons: