The role of the shipping industry in the world’s economy is extremely
important and industry leaders have always done a masterful job in
navigating the on-going fluctuations in the global market-place, in
order to meet the increasing demands. After all, it is the one industry
that is directly essential to the functioning of the entire global
economy. More than 90% of the world’s consumer goods are transported by
sea. With that being said, it is paramount that it operates effectively
and efficiently. To accomplish this, the industry has invested trillions
of dollars in innovations to it’s vessels and equipment with many of
the latest state-of-the-art technologies and building advancements.
For
example, the new huge container ships that are sailing today can
transport 18,000 TEU’s compared to 1,000 TEU back in the 1960’s when
they first were introduced into the world economy. As a result of these
necessary evolution in the shipping industry, in the last ten years,
over 75% of the world’s countries have invested tens of trillions of
dollars into upgrading their port infrastructures to accommodate the new
efficient and effective advancements. These investments have not only
put these regions in a better competitive position in the future, but
they also stimulated their local economies in the short term and created
appealing investment opportunities that work to increase their domestic prosperity and economic growth.
There
is another important component in the shipping industry that is vital
to the global economic system and that is the role of the shipping
container itself. It is just a large metal box but without it, no
consumer goods would be transported. The whole entire global shipping
industry revolves around the supply of shipping containers. It is very
important that the container logistics and management firms meet the
on-going demand hourly and daily every where around the world. In order
to do so they must always have a ready supply of containers to meet the
demand or the system would become inefficient.
Over many decades,
the container industry has been able to meet the challenge and is
expected to do so in the future. The demand for shipping containers has
provided many good investing opportunities for investors to capitalise
on in the past, and with the expected doubling of the world economy by
2020, the profitable investment opportunity
has become even more popular over the last few years. The global
economy is growing. And with it, the international shipping industry
must grow as well. It has always, and will always be, an extremely
important industry with regards to global economic growth and recovery.
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