SHIPPING INDUSTRY
Transcript: PRESENT STATUS Indian tonnage currently stands at 10.11 million GT and Indian flagged vessels carry 8.4% of Indian trade cargo. Coastal shipping accounts for just 10% or a million GT of India’s total tonnage. India has 12 major and 200 notified minor and intermediate ports. Cargo traffic, which recorded 1,052 Million Metric Tonnes (MMT) in 2015, is expected to reach 1,758 MMT by 2017. The Indian ports and shipping industry plays a vital role in sustaining growth in the country’s trade and commerce. India is the 16th largest maritime country in the world, with a coastline of about 7,517 km. The growth has not been uniform across all the states of India. Some states have become more prosperous compared to others, which has been reflected in the cargo trade handled in various states. Between FY09-FY15, India has seen an investment of INR 52,600 Crores towards building port capacity. Last three decades have seen more than 9.5 times growth in the cargo handling at Indian ports Mercator Ltd Gujarat Pipavav Port Ltd Great Eastern Shipping Companies Ltd Essar Shipping Ltd Mazagon Dock Shipbuilders Ltd Seaways Shipping & Logistics Ltd CONCLUSION INTRODUCTION Shipping Industry, the industry devoted to moving goods or passengers by water. Around 90% of world trade is carried by the international shipping industry. Without shipping the import and export of goods on the scale necessary for the modern world would not be possible The transportation of manufactured goods has increased rapidly since World War II. There are over 50,000 merchant ships trading internationally, transporting every kind of cargo. The Indian shipping industry plays an important role in the Indian economy as almost 90% of the country’s international trade is conducted by the sea. India is ranked 16th in the world, with a shipping tonnage of around 11.5 million gross tonnage (GT). Today, India has around 1071 ships with 722 coastal and 349 overseas ships, Indian coastal shipping is highly fragmented. India has a long coastline, spanning 7516.6 km and is serviced by approximately 200 ports. SHIPPING INDUSTRY By Shabistan Negar ROLE & IMPORTANCE TOP COMPANIES Thank you! Shipping is a service business, ship demand depends on several factors, including price, speed, reliability and security. It starts from the volume of trade, how the commodity trades can be analyzed by dividing them into groups which share economic characteristics, such as energy, agricultural trades, metal industry trades, forest products trades and other industrial manufactures. The key distinction is between ‘bulk cargo’, which enters the market in ship-size consignments, and ‘general cargo’, which consists of many small quantities of cargo grouped for shipment. GROWTH OF INDUSTRY
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