| Shipping industry contributes $183 billion to global economy |
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| Monday, 21 December 2009 |
 IHS Global Insight, a recognized global leader in economic and financial analysis and forecasting, has estimated that the liner shipping industry contributed direct gross output or GDP contribution to the global economy amounting to US$ 183.3 billion. Direct capital expenditure US$ 29.4 billion, direct jobs to 4.2 million and compensation to those employees of US$ 27.2 billion.
IHS said the shipping industry´s full annual economic impact, including indirect and induced effect amounted to $436.6 billion with 13.5 million jobs.
Cargo transported by the liner shipping industry represents about one-third of the value of total global trade, equating to more than US$ 4.6 trillion worth of goods.
Workers at ports world-wide loaded and unloaded cargo for more than 10,000 liner vessel-stops per week, with the average ship making 2.1 port calls per week.
Liner shipping companies deployed more than 400 services providing regularly scheduled service, usually weekly, connecting all countries of the world.
In mid-2008, there were more than 17.8 million containers in the world fleet, which cost the industry US$ 80.1 billion to purchase.
In the United States alone, the industry spends US$ 869 million per year to operate the fleet of chassis used to move containers over land.
The liner shipping industry has spent over US$ 236 billion in more than a dozen countries on the purchase of new vessels.
Source: Manilla Bulletin |
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