Have you ever tried shopping online or have something delivered to a place at least a hundred miles away? If your answer is yes, then you are most likely aware about the shipping industry. It is not easy to transfer objects, especially those that are big in size or those that come in bulk in terms of quantity, from area to area. You have to cross islands, seas, or oceans just to get them from one place to another. Shipping industries, plus the advancement of technology, has made this kind of job easier for us.
What is the Shipping Industry?
The shipping industry, from the keyword “ship”, uses watercraft to transport goods or passengers. Most cargos are kept inside offshore containers for safety and faster identification. Throughout the history, sea transport has been the biggest freight carrier. Even though passengers are now using air travel, sea trips are still available for pleasure cruises or short trips. They are still cheaper despite the increasing rates of exchange due to CAF charges.
What is the Difference between Import and Export?
The words import and export are things you hear commonly in shipping lines or even in your Economics class. Many have them confused, but they are really very easy to differentiate from each other.
- Import refers to a product that arrives in a country that comes from another country. Export is the product that comes from your country and which you send to another country. There is no such place that is self-sufficient so all of the countries in the world are both importers and exporters at their own rights.
- Imports pertain to expenses that a country has to pay to get the goods while export means more money that a country is going to earn by sending out their products.
What are the Different Types of Shipping Services?
The shipping industry gives services that help the customer’s needs as long as they are within what they are capable of. Primarily, there are two types of shipping services that this industry offers:
- Linear Service: Linear service refers to ships that have predefined schedules and routes. This kind of service is usually made use by customers who carry smaller volumes of cargo and does not need to hire a charter service or offshore containers. Many people also utilize the routes and schedules of these ships to go from one place to another like a train service.
- Tramp Service: These are service ships that are considered on-demand and on-call. This kind of service is availed by people who need to transport huge volumes of cargo and need them to be shipped in offshore containers. The capacity of tramp service ships is around 5000 m. tons to 500,000 m. tons.
You cannot always help but avail of shipping services. It is only rarely that the items you want come from the place that is near you. Chances are, suppliers have to import or export products to their suppliers so it could reach their consumers. Without the shipping industry, things would be much harder for the world.