Page 200 - DMGT546_INTERNATIONAL_TRADE_PROCEDURE_AND_DOCUMENTATION

Hitesh Jhanji, Lovely Professional University
Unit 9: Characteristics of Shipping Industries

Unit 9: Characteristics of Shipping Industries Notes

CONTENTS
Objectives
Introduction

9.1 History of Shipping Industry
9.2 Characterstics of Shipping Industry
9.3 Different Modes of Shipment
9. 4 Selecting Suitable Mode for Shipment of Cargo and Capacity Measurement
9.5 The Best Method
9.6 Conference System & Practices

9.7 Ocean Freight Rate Structure
9.8 Chartering Practices
9.9 Global Trade and Container Traffic
9.10 Role of intermediaries in Shipping Industry
9.11 Latest Trends in Logistics Operations

9.12 Summary
9.13 Keywords
9.14 Review Questions
9.15 Further Readings

Objectives

After studying this unit, you will be able to:
Discuss the History of shipping industry
Explain Role of shipping intermediaries
Describe Ocean freight structure
Discuss the Latest trends in logistics operations

Introduction

Shipping plays an important role in the Indian economy with around 95 per cent of the country’s
trade by volume and 68 per cent in terms of value being transported by sea. As on 1 January 2012,
India had a fleet strength of 1,122 ships with Gross Tonnage (GT) of 11.06 million, the public-
sector Shipping Corporation of India having the largest share of 36.17 per cent. Of this, 372 ships
with 10.01 million GT cater to India’s overseas trade and the rest to coastal trade.
The gross foreign exchange earnings/savings of Indian ships in 2010-11 were 10,666.45 crore.
The country with the highest Dead Weight Tonnage (DWT) is Hong Kong. Though India has one
of the largest merchant shipping fleets among developing countries, it is ranked eighteenth in
the world in terms of DWT with a share of only 1.09 per cent as on 1 January 2011. In comparison,
China is ranked ninth with a share of 3.78 per cent.

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