How Does the Shipping Industry Work? Due to high competition the bargaining power of the buyers is high, Buyer’s information and awareness is also moderate to high. On both the East and West coasts there is an extensive network of ferry services (see FERRIES). In the longer term, the fact that shipping is the most fuel efficient and carbon friendly form of commercial transport should work in favour of an even greater proportion of world trade. The main business of the company is shipping and offshore. The Indian ports and shipping industry play a vital role in sustaining growth in the country’s trade and commerce. In order to boost up the sector, government has allowed 100% FDI in port and harbour construction and maintenance projects and also exempted organisations, those who develop, maintain and operate ports, inland waterways and inland ports,  from taxes for 10 years. It is not easy to make the shipping industry run so smoothly 24 hours per day, but these professionals are tasked with making the entire process work. Indian shipping industry contributed 8% of the entire world trade in terms of volume, which has the contribution of nominal 1.3% in monetary terms. However the problem pertains to large capital investments in form of vessel and container procurements and risk of operating vessels. Also the low crude oil prices have hit the economies of oil exporting countries both Middle East and Russia who in turn may be forced to cut subsidies and consequently hurt demand. No of employees is around 2500, The company is relatively new and was founded in year 1997. Shipping has been a crucial link by which commercial relationships have been established between widely separated parts of the world. Such an extensive coastline harbours 12 major ports and almost 200 notified minor and intermediate ports. Along every step of the way, the shipping industry has to monitor and protect the cargo to ensure its value. Therefore, an important step for the Indian shipping companies would be to build strategic tie-ups with the foreign counterparts. The rise in global GDP growth directly affects the international trade (export and imports) and in turn affects the shipping industry as about 80% of the international trade by volume is carried out by shipping. Shipping is the safest and most environmentally benign form of commercial transport. Liquefies natural gas (LNG) has to be imported to harness India’s power and fertilizer projects. It employees around 3000 people. It also carries crude oil in bulk and has more than 20 vessels. About The Industry. This, however, is dependent on the two largest economies, US and China followed by emerging economies such as India. Aldo Chircop, William Moreira, Hugh Kindred and Edgar Gold, eds. Once the items are ready to leave the factory, the transportation factor of the shipping industry comes into play. The movement of the cargoes themselves also creates considerable employment. Change ). The US economy is growing on the advantages of a strong currency and lower commodity prices, where growth is expected to exceed 3% in 2015-16.

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