Shipping is an industry that most people rarely think about, but shipping experts like Victor Restis say shipping is the backbone of world trade and global commerce. Here are some ways that the shipping industry keeps commerce moving.
1) Ships carry 1/3 of world trade
A full third of world trade is carried by ships. This is because ships can transport large quantities of goods over long distances, and they can do so at a lower cost than other transportation methods.
2) Ships keep prices low
Shipping is one of the most cost-effective ways to transport goods, which helps to keep prices low for consumers.
3) Ships are essential for trade between countries
Ships play a vital role in the global economy by connecting different countries and facilitating trade. Many goods would not be able to reach their destination without ships.
4) Ships are necessary for the transport of oil and other commodities
Oil and other commodities are typically transported by ships, as they are too bulky or dangerous to transport any other way. This is especially true in cases where the destinations are far apart.
5) Ships help to create jobs
The shipping industry is responsible for creating millions of jobs worldwide. This helps to support the global economy and contributes to economic growth.
6) Ships are important for disaster relief efforts
When natural disasters occur, it is often necessary to send relief supplies to the affected area. Ships are often the best way to do this, as they can transport large amounts of aid quickly and efficiently.
7) Ships are becoming more environmentally friendly
The shipping industry is becoming more environmentally friendly by using more efficient engines and reducing its carbon footprint. This will help protect the environment and keep commerce moving in the future.
8) Ships are a vital part of the global economy
The shipping industry is a vital part of the global economy, and it plays a crucial role in facilitating trade and commerce. Thanks to ships, the world is more interconnected than ever before.
9) Ships provide many job opportunities
Since ships are such an important part of world trade, jobs in the shipping industry tend to be relatively plentiful and well-paid. This helps to support the overall economy.
10) Shipping allows for diversity and growth
One of the most notable benefits of international trade is its ability to create diversity by allowing different cultures to meet. It also tends to grow new businesses, increasing economic growth over time.
11) Shipping promotes peace
By facilitating trade between countries, shipping can bring about greater understanding between their people. This can help promote peace on a global scale by encouraging collaboration and mutual respect between different cultures. Shipowners must abide by rules set forth by major transportation organizations such as the Federal Maritime Commission.
According to these rules, all shipowners must register with the FMC and file information about their business practices. This helps to ensure that all shipping companies are playing by the same rules and that consumers are protected from unfair or deceptive practices.
The shipping industry is a vital part of global commerce, and it plays a crucial role in facilitating trade between different countries. Thanks to ships, the world is more interconnected than ever before. By following the rules set forth by major transportation organizations, ship owners can help ensure that this important industry remains healthy and promotes peace and prosperity around the globe.