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Interesting Facts About The Shipping Industry

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Shipping transport is the physical process of transporting commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea, but is extended in American English to refer to transport by land or air (International English: "carriage") as well. "Logistics", a term borrowed from the military environment, is also fashionably used in the same sense.

1. Shipping and World Trade​

Around 90% of world trade is carried by the international shipping industry. Without shipping the import and export of goods on the scale necessary for the modern world would not be possible.

2. Safety and Regulation

Shipping is the safest and most environmentally benign form of commercial transport. Perhaps uniquely amongst industries involving physical risk, commitment to safety has long pervaded virtually all deep sea shipping operations.

3. Environmental Performance

Shipping is the least environmentally damaging form of commercial transport and, compared with land based industry, is a comparatively minor contributor to marine pollution from human activities.

4. Somali Pirates 

In 2010, Somali pirates captured a ship and were holding 544 seafarers hostage. Every year, more than 2,000 sailors die at sea around the world, and an two ships are lost every day in the sea. In 2012, the total numbers of attacks on seafarers was higher than the number of violent crimes in South Africa which is the highest-crime nation on Earth. The pirates are the biggest problem for the shipping industry since its beginning.

5. Ships Are Very Expensive

In March 2010, the average price for a geared 500-ton container ship was $10 million, while gearless ships of 6,500 and 12,000 TEU averaged prices of $74 million and $105 million respectively.

6. One of the largest employer in the World

There are roughly around 1.5 million people that are employed all over the world in the global shipping industry. 

7.  A Shipping Container for Every Purpose

It is possible to find a suitable shipping container to transport your cargo, no matter what your cargo may be. A shipping container allows you to transport cargo to any place in the world at a very cost effective price.

8. More than 55,000 merchant ships

There are more than 55,000 merchant ships operating internationally and transporting every kind of cargo.

9. Natural Necessity

In 2011 alone the commercial ports of the United States of America received goods from different countries worth $1.73 trillion. The U.S. also relies on shipping for its two-thirds of oil supply.

posted Apr 7, 2016 by Reshmi S

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Did you know, there are 196 countries in the world today? In fact, there are so many countries, whose names are also not recognized by many of us. There are so many informative facts about different countries.

Let's take a look at 10 Interesting and unknown facts about different countries that you need to know:

1. The country which still follows a traditional calendar that is seven years behind the rest of the world

Ethiopia still follows a traditional calendar that is seven years behind the rest of the world. Because of the strong presence of the Coptic Orthodox Church in the country, the traditional calendar of that church is still influential in Ethiopia. The calendar came about in the 16th century, when most of Christianity changed the date Jesus is believed to have been born on, but those in Ethiopia decided to maintain the original date. Because of the time discrepancy, Ethiopia held celebrations for the new millennium in 2007, seven years after the rest of the world.

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3. The country which is smaller than Central Park in New York City

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6. There is another country which has Hindi as its official language

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7. There are countries which do not have an Army

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10. The country which has the most amount of Obese people

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1. JACK MA’S LIFE IS FULL OF FAILURES -- When he applied for admission to the Hangzhou Teacher’s Institute (now Hangzhou Normal University), Ma failed the college entrance exam twice. He eventually graduated in 1988 with a bachelor’s degree in English.

By 1995, he decided teaching wasn’t for him, so he decided to try his hand at business. Around this time, he even applied to a job at KFC in Hangzhou, only to be rejected. Ma also started a translation company, and on a trip to Seattle, he discovered the internet, inspiring him to start his first legit business, China Yellow Pages. While it is regarded as China’s first internet-based company, China Yellow Pages was also a failure.

As we all know, however, Ma’s second company, Alibaba, is doing much better.

2.  His First Salary was just 12-15 USD per month -- At the University where he taught English, he was the only teacher assigned to 500 students. His pay was 100 to 120 Renminbi, which is around $12 to $15 per month. Before moving on, he taught there for 5 years.

3. He used to guide tourists for free for 8 years and that’s how he learned speaking English fluently -- When Jack was 12 years old, he grew a strong desire to learn English. He’d guide tourists from foreign countries for free and learn English by conversing with them. It went on like this for 8 years.

4. This is why Jack chose the name ‘Alibaba’ -- Jack was always clear that he wanted to take his company to the global level and that’s why he wanted a global name. Alibaba is easy to spell, and people everywhere associate that with “Open, Sesame,” the command that Ali Baba used to open doors to hidden treasures in One Thousand and One Nights.

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