Marine Crafts - Promising Equipment for Doing Business in the Oceans
People all around the world depend heavily on the ocean without even knowing it. Majority of the goods that people use or consume are being transported through the vast blue ocean. Even a huge quantity of fish that many people consume comes from the oceans and seas. And marine crafts are a necessity to conduct all these operations. Marine transport is the backbone of global trade and the lifeline of the global economy. From toys to foods, and from clothing to electronics, every good in the world needs to be transported from producers to consumers. And marine crafts transport the majority of them. It accounts for more than 80 percent of world trade by volume and over 70 percent of world trade by value. The amount of marine trade doubled from the period between 1990 and 2020. In 2020 the volume of marine trade was estimated to be around 11 billion tons. An estimated value of the shipping industry is said to be more than 1.5 trillion US Dollar and is expected to grow more than 2 trillion ...