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|Container shipping - the engine of world trade|| |
|Tankers, bulk carriers and container ships are the most important means of transportation of our time. Each year they carry billions of tonnes of goods along a few principal trade routes. Containerization has revolutionized global cargo shipping, bringing vast improvements in efficiency.|
Throughout history the oceans have been important to people around the world as a means of transportation. Unlike a few decades ago, however, ships are now carrying goods rather than people. Since the rise of intercontinental air travel, sea travel has become limited to shorter trips and recreational cruises.
The main reason behind the massive increase in shipping was the growth in world trade. Since the 1950s, the growth rate of international trade was almost consistently twice that of economic activity as a whole. But institutional and technological factors also had a role to play. In the past, the liberalization achievements of GATT and its successor the WTO provided a new momentum to world trade. China's economic opening to the outside world, which led to their admission to the WTO in 2001, was also very significant – its exports quadrupled within 5 years.
The appetites of the industrial nations and newly-industrializing emerging economies, particularly China and India, for energy and mineral resources led to increasing quantities of goods being transported from far-distant countries.
The information and communications technology revolution dramatically reduced the costs of mobility and accessibility. It allowed new network connections and production processes such as just-in-time production, outsourcing and offshoring, and provided a tremendous stimulus to logistics.
As a result of rising demand, transportation costs fell. Ships increased in size. Economies of scale were exploited. Furthermore, there were technological advances and organizational improvements in port management – of general cargo traffic, for instance. Of overriding importance was containerization, the greatest transportation revolution of the 20th century.
Export Way Limited continues to provide the highest level of transport services on a daily basis and ultimately profit from this booming industry. Anyone can join us and start earning a high daily income. We strive for long and mutually beneficial cooperation with our customers. We believe that through our high level of technical safety and experienced risk management, we can make every investor profit. Highest quality service and constant innovation will bring power to our community!
|Mar-18-2020 11:16:25 AM|