Buy custom Is Maritime Transportation losing out its competitive advantage over other modes of transportation like air and road transportation?
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| Topic: |
Technology
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| Number of pages / Number of words: |
5 / 1318 |
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About 25,000 billion tons of freight cross the oceans annually compared with 7,000 billion tons hauled by railways and 3,000 billion tons handled by roads. This constitutes over 71% of the world freight.
Although statistics are patchy, it seems that in 1990, air freight was 31 btm, rail 3,853 btm and sea trade 12,056 btm...
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In terms of volume, this makes shipping roughly four times as important as rail and four hundred times as important as air freight. Nowadays, the ubiquitous globalization of economic activity promotes international shipping. International shipping is the fundamental backbone supporting the trade relationships between the industrialized countries and with the emerging markets in Asia...
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