The shipping business is essential to the development of economic activities as international trade needs ships to transport cargoes from places of production to places of consumption. In this chapter, we discuss several fundamental questions in the shipping business. These questions are: Why is there a demand for shipping? What is a shipping system? Who are the actors in shipping? Broadly speaking, sea transport can be divided into tramp shipping and liner shipping. The purpose of tramp shipping is to provide convenient and economical transport for bulk cargoes that require maritime transport, whether it is cross-ocean movement or short-sea shipping. Bulk cargoes can be classified into dry bulk and liquid bulk. The demand for the transport of liquid bulk by sea is served mainly by the sector of tanker shipping. The main function of liner shipping is to satisfy the demand for regular containerized cargo transport. Shipping and international trade are interrelated. Shipping supports international trading activities by enabling physical cargo movements to complete the exchange transactions, while international trade growth promotes shipping-related investments including new shipbuilding, expansion of port and terminal, and use of cargo handling equipment, facilities, and technologies. This chapter also examines fundamental topics in the shipping business such as the sea transport system, international trade patterns, and international maritime passages.


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    Title :

    International Trade and Shipping


    Contributors:

    Published in:

    Publication date :

    2023-04-21


    Size :

    18 pages




    Type of media :

    Article/Chapter (Book)


    Type of material :

    Electronic Resource


    Language :

    English