Know Why Marine Crafts are Important
Marine crafts are an essential and irreplaceable part of the world we live in. It forms the backbone of the world economy. From food to clothing and from fuel to construction material, almost every goods we use in our life are being shipped by marine crafts throughout the world. Marine crafts are also used to catch fish and extract natural resources from the ocean. Marine crafts can carry a huge amount of goods that no other mode of transportation could carry and cover a long amount of distance with low cost of operation. Marine crafts could make a huge amount of profit with every journey it makes. Marine transport 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 ...