A layman's guide to the shipping industry
THERE would be no world trade or commerce without ships. Ships of various stripes and uses have been around for thousands of years. Even shipping's faster cousin - air transport - has been unable to usurp sea transport as the largest carrier of cargo; ships remain loaded with 90 per cent of the world's transported goods.
Vital as shipping is to world commerce, it is an ancient mercantile trade that comes with a web of customs, jargon and particular economic dynamics that may daunt a layman hoping to understand the industry.
There is an upside to untangling the mess: A basic understanding about merchant shipping can give insight on the trajectory of the recovery of world trade, consumption patterns of commodities, and the dynamics of one of China's core economic drivers, its shipbuilders.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Aims Apac Reit posts 10.2% lower H2 DPU on enlarged unit base
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients