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Indian Coastal Shipping: Overview

The global sea-borne trade which is more than 8 billion tonnes accounts for more than 95% of total world trade. The world shipping fleet stands at about 1.1 billion DWT. In terms of ownership by nationality Greece continues to maintain its predominant position followed by Japan, Germany, China, and Norway; together, these five countries own more than half the world fleet.

Coastal Shipping

The Indian sea borne trade has been growing at a growth rate of nearly 9.5% over the last decade and is more than 720 million tonnes per annum. Approximately, 90 per cent of the country's trade by volume (70 per cent in terms of value) is moved by sea.

India has the largest merchant shipping fleet among the developing countries and ranks 15th amongst the countries with the largest cargo carrying fleet with 8.96 million GT till Dec 2008 and the average of the fleet being approximately 23 years.

Coastal shipping is an energy-efficient, environment-friendly and economical mode of transport in the Indian transport network and a crucial component for the development of domestic industry and trade. India, with her 7,517 km long coastline studded with 13 major ports and 200 non-major ports provides congenial and favorable conditions for the development of this alternate mode of transport.

India's Coastal Shipping Tonnage as on 31st December 2008 was 607 vessels with 959575 GRT and 998601 DWT. In India, coastal shipping accounts for seven percent - against 43 per cent in the EU - of domestic cargo movement.

+ Indian Coastal Fleet Profile Detail
+ Indian Coastal Shipping Potential Detail
+ Policies Regarding Coastal Shipping Detail
+ Future Outlook Detail
+ Indian Shipyards Detail

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