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The Vital Role Of the Shipping Industry in the World Today

By Troy Frank

Shipping plays a vital and significant role in today’s global economy. Transportation of goods via sea routes gave rise to the ship building industry and movement of trade by using available inland waterways for local transportation of goods and subsequently through sea for intercontinental trades. The global trade industry is growing steadily due to an increased recognition of interdependence on each others products, be it agricultural or industrial. Countries which are rich in raw materials and have surplus tend to export these resources to other countries which are industrialized and able to use these materials to produce finished material by value addition and re-export to the needy countries. Like-wise the countries having agro based economy depend upon agricultural produce for export of their surplus commodities.

Shipping has witnessed various ups and downs from the very inception of this mode of transport and has undergone various technological changes. Without shipping, intercontinental trade, the bulk transport of raw materials and the import and export of affordable food and manufactured goods would simply not be possible. In terms of efficiency, safety, the environment and its contribution to global trade, shipping is unmatched by any other transport sector.

International trade among all the nations and regions of the world is nothing new. The history of the world is essentially a history of exploration. Conquest and trade by sea is ingrained in our global history. There is no doubt that we have now entered a new era of interdependence from which there can be no turning back. In today’s world, national boundaries offer little impediment to multi-national corporations. The process of globalization has been made possible by the progressive dismantling of barriers to trade and capital mobility.

Looking back into history, we can trace the steps through which we have progressed to arrive at this new world order. As the world continued to become more developed, proximity to new materials and to markets became the factors that, above all others, shaped the world’s economy and in particular, the major trade patterns and shipping routes. Today, international trade has evolved to the point where almost no nation can be fully self-sufficient. Every country is involved, at one level or another, in the process of selling what it produces and acquiring what it lacks: none can be dependent only on its domestic resources. Shipping has always provided the only really cost-effective method of bulk transport over any great distance, and the development of shipping and the establishment of a global system of trade have moved forward together, hand-in-hand. The eternal triangle of producers, manufacturers and markets are brought together through shipping. This has always been the case and will remain so for the foreseeable future.

In the context of a global economy, the contribution made by shipping as a major industry in its own right is both powerful and significant, and increasingly so for the developing world. Maritime activity already provides an important source of income to many developing countries, indeed, developing countries now lead the world in some of shipping’s most important ancillary business, including the registration of ships and transport cruisers, the supply of sea-going manpower and ship recycling. They also play a significant part in ship owning and operating, ship building and repair and port services, among others. There is no doubt, for example, that the magnificent square riggers of the era of sail or the early century’s prestigious, luxurious ocean liners could stir the hearts of all those that beheld them. But the ships of today are just as worthy of our admiration, for shipping today is in another golden age. Ships have never been so technically advanced, never been so sophisticated, never more immense, never carrier of so much cargo, never been safer and never been so environmentally-friendly after introduction of engine powered ships, as they are today.

Of all the sectors that make up the global transport infrastructure, shipping probably has the lowest public profile and the least representative public image, nevertheless, the shipping industry is truly what makes life possible for us all.

Troy Frank is a representative of TopMailers.com. We are a family-owned and operated company dedicated to providing our customers with high quality shipping supplies, great prices, and the best customer service possible. Looking for bubble mailers? Be sure to view our entire catalog online today!

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Article Citation
MLA Style Citation:
Frank, Troy "The Vital Role Of the Shipping Industry in the World Today." The Vital Role Of the Shipping Industry in the World Today. 18 Jan. 2011. uberarticles.com. 2 Nov 2014 <http://uberarticles.com/computers-and-technology/e-mail/the-vital-role-of-the-shipping-industry-in-the-world-today/>.

APA Style Citation:
Frank, T (2011, January 18). The Vital Role Of the Shipping Industry in the World Today. Retrieved November 2, 2014, from http://uberarticles.com/computers-and-technology/e-mail/the-vital-role-of-the-shipping-industry-in-the-world-today/

Chicago Style Citation:
Frank, Troy "The Vital Role Of the Shipping Industry in the World Today" uberarticles.com. http://uberarticles.com/computers-and-technology/e-mail/the-vital-role-of-the-shipping-industry-in-the-world-today/


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