Shipping Industry – The Economic Times

The Indian shipping sector is expected to clock a revenue of $100 billion over the next five years, according to a report published by global research firm Frost & Sullivan. India’s containerised cargo market is estimated at about $40 billion, while its bulk carriers business is worth around $60 billion.

2. Container Shipyards – The Economic Times

Container shipbuilding in India is witnessing a revival after two decades of decline. In 2017-18, the country witnessed a rise in orders for ships between 15,000 TEUs (twenty-foot equivalent units) and 20,000 TEUs.

3. Container Shipping Companies – The Economic Times

There are currently seven major container shipping companies operating out of India. These include Maersk Line, Hapag Lloyd, MOL, Orient Overseas International Ltd, Sea Containers, United Arab Shipping Co and Zodiac Maritime.

4. Bulk Carrier Shipyards – The Economic Time

Bulk carrier shipbuilding in India is seeing a revival after two decades. In 2017-18 alone, the country witnessed a jump in orders for ships between 10,000 and 25,000 deadweight tonnes.

5. Container Shipping Companies – Business Standard

In 2017-18, the total number of containers shipped across the world increased by 2.9 per cent to reach 4.8 million TEU. The increase was led by China, where the volume rose by 5.9 per cent to 1.3 million TEU.

6. Container Shipping Companies – Mint

India’s container trade grew by 12 per cent in 2017-18, driven mainly by rising exports. Exports were up by 17 per cent to $41.8 billion. Imports, however, declined by 11 per cent to $39.7 billion.

7. Container Shipping Companies – Livemint

The Indian government has set a target of doubling the country’s container trade to $200 billion by 2025.

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