Marine Transportation: The Problem Of Maritime Transportation

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1.1 PROBLEM STATEMENT Maritime transportation is the shipment of people and cargoes by sea or any other watercourse. Nearly 80 per cent of global trade by volume and more than 70 per cent of global trade by value are carried by sea and are handled by ports worldwide. This provides a dependable, low-cost means of transporting goods globally, and helping to create success among nations and facilitating commerce. “On the social side, as the delivery mechanism for global trade, international maritime transport supports and sustains a huge number of wealth-creating and poverty-alleviating activities in both developed and developing countries. Shipping provides job opportunities to people around the world”. (Sekimizu, N.D) That simply means maritime transportation has contributed immensely to the economy of the world. There has been different ways of defining Maritime Transportation. The simplest definition is the transport of passengers of cargoes by water. This actually can be movement by ship, sailboat, boat over sea, ocean, lakes through channels of rivers, canals etc. Maritime transportation has bridged the gap created by the inabilities of land transport to cope with the unfolding trends of industrial revolution. It can therefore be viewed as an integral part of the global economy and a necessary complement to and occasional substitute for other modes of freight transportation. For many commodities and trade routes, there is no direct substitute for waterborne

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