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Updated by Joanna James on Apr 27, 2020
Headline for 12 Facts about shipping – Perceptive insights into the shipping industry
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Joanna James Joanna James
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12 Facts about shipping – Perceptive insights into the shipping industry

Despite all the technological advancements, shipping remains one of the most important industries that there is. Without shipping, other industries would have a hard time surviving.

1

It is profitable

Shipping is a huge industry, and so it makes a massive amount of profits. It is true that the currency fluctuates and the reporting standards change, but the shipping remains a highly profitable enterprise.

2

Crew members have communication challenges

Despite the fact that it is a lucrative profession, the crew members go through a difficult time. One reason is that they have no way of getting in touch with their family members or friends while at sea. Also, they have no access to the internet.

3

It is affordable

Shipping is an affordable way of transporting cargo. For instance, it is much cheaper to ship Scottish cod to China to be filleted and cleaned than paying for it in Scotland.

4

Container ships travel long distances

The container ships travel long distances carrying precious cargo before they come into harbours like Colombo Harbour. According to estimates, container ships travel the 75% of the journey to the moon and back during a year. Before a container ship runs out of its use, it travels the distance of the moon and back around ten times.

5

It is safe

Despite the development of all other transport methods, shipping is still the safest method for commercial transport. Shipping is one of the first industries to adopt international safety standards. The International Maritime Organisation and the International Labour Organisation administer shipping safety.

6

China is the leading manufacturer of containers

Almost every ship container is manufactured in China.

7

There are about 1.5 million seafarers

Shipping crews are made up of various nationalities. However, according to records, the typical ship-worker is a male Filipino, Filipinos make up about one-third of all shipping crews. Also, men make up for 98% of the total shipping workforce, and this include the people employed by shipping large terminal management companies the likes of South Asia Gateway Terminals.

8

Containers get lost

bout 10,000 containers get lost at sea each year, which is a container lost per hour. These lost containers are damaged by the seawater, and they reach the ocean depth pretty quickly, but some stay afloat for a while. Another fun fact about containers is that if you were to line up all the containers in the world, it would go halfway around the globe.

9

Six types of merchant fleet ships

Many countries own merchant ships. As of now, the Greek Merchant fleet is the largest that there is. There are six types of merchant ships: general cargo ships, bulk carriers, fishing vessels, container ships, passenger ships and tankers.

10

Container ships have a massive amount of power

A large container ship consumes a lot of power. It is said that a huge container ship needs 1,000 times more power than an average car. But these container ships aren't very fast; they usually travel 26.5 miles per hour.

11

The three biggest fleets

The three largest fleets in the world are owned by Greece, Japan and Germany. Japan owns 3,962 ships; Greece owns 3,032 ships, and Germany claims 2,321 ships in its fleet. The largest shipping company is Denmark's A.P Moller-Maersk, which earned a profit of $936 million within the first four months of 2013.

12

The largest ships

The largest ships in the world have room for 15,000 containers, and they can store about 745 million bananas. To put it into perspective, it is one banana for every person in Europe and North America. Also, the construction of the largest ships in the world costs about 200 million dollars.

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