The Scenario of Shipping Industry

International trade has increase economic inter dependence of nations. Modern industries are depended on variety of raw materials ail of which cannot be conveniently and economically produced in any one countries.

No country has with in its own boundaries to get resources for economical production of all its requirements through international its possible for a country to obtain goods produced as cheaply as other countries.

Foreign trade or exports, which are part of international trade, make a significant and necessary contribution to the economy and the countries development. A developing country like India with a large and growing industrial infrastructure needs imports of capital equipment and article raw material. To sustain development and also hasten the growth of industry with a view to increase the employments potential exports become necessary.

Obviously shipping industry has a vital role to play, in the growth of international trade. Shipping is a highly competitive and challenging business, serving the needs of international trade in the form of sea transport. It is truly international, both in the nature of its business and in the way it is organized. Shipping the industry devoted to moving goods livestock and passengers by water mostly By sea, The industry connects people from different corners of the world commercially through ship we can transport a Jumbo Jet to tiny electronic parts.