Over centuries, shipping was the most popular medium of transport. The world trade got flourished and the global economy progressed along with sea borne trade from ancient period. Being the cheapest means of transport, it progress in being a backbone of economy of all nation’s earn a respective place in recorded history. The cost for maintenance of shipping being null zooms its importance irrespective of the natural calamities. By the booming of aviation industry passengers traveling through sea route had reduced reasonably but cargo transportation still prefers the waterways.
Its importance rested on several factors, which relay mainly on economy growth.
The better means of transportation for bulk goods, heavy machinery and heavy load of raw materials etc. are cheaply transported from countries to countries easily through sea route. The economic activity of countries with proper seaports and waterways enhances efficient trade between foreign countries and thus counting on its economic progress. Nations blessed with enormous waterways and surrounded by oceans achieve greater progress even from centuries behind. As the trade through waterways flourished, it indeed favored foreign exchange by importing and exporting goods, underling benefits for its trade partners. Since the transportation cost is low compared with other means of transport like by road or through air, the goods become cheap which certainly improve international trade between different countries.
When foreign trade increases, it not only benefits general public, but it also becomes a great source of revenue for the government by means of customs duties.
With the increase in foreign trade, the government can collect custom duties for the shipping goods, which increases its revenue. Thus along with the public, the government is also getting a lot of benefits. With the increase in frequency of trade between countries pointed the need for starting foreign countries shipping offices and setting up of proper infrastructure facilities to promote trading by increasing the foreign investment of the nation.
Obviously, the job opportunities increase with the flourishing of shipping industry. There are lots of jobs available in different sections of shipping industry from manual laborers to skilled technicians. Lots of skilled workers are involved in maintenance and repair of ships like Welding workers, mechanics, painters etc. Job seekers who are proficient in the highly skilled areas are getting attractive remuneration to these skilled jobs. The technological progression in electronic, mechanical, communication and radiology areas enhances a steady growth at rapid intervals. Along with the progress of shipping industry, the manufactures are taking necessary safety measures for workers doing risky jobs such as Welding, renovating, repairing etc. Even a person coming from an average family can dream of a luxury livelihood by earning through a skilled job like Welding technology, communication technology etc.
The author of this article has expertise in Welding. The articles on Welding reveals the author’s knowledge on the same. The author has written many articles on Welding as well.