About Shipping Industry

The shipping industry in India has witnessed a tremendous structural and economic change during the past decade. Increased demand from India, for commodities like iron ore, steel, copper and aluminum has resulted in increased demand for ships that specialise in carrying such cargo.

The shipping industry transports cargo through designated sea routes. The global shipping industry is regulated by the International Maritime Organization. It can be broadly classified into:

  • Wet bulk: This includes the transportation of crude oil and other petroleum products.
  • Dry bulk: It involves the shipment of iron ore and coal.
  • Liners: They carry small shipments of general commercial freight.