Shipping lanes vital to global economy

Diana Estefana Rubio

Shipping lanes vital to global economy

International trade is coordinated through numerous shipping lanes worldwide. According to the International Maritime Organisation (IMO), about 90% of goods moved globally travel by ocean – however, air cargo and ground/rail transport are also essential modes.

Shipping lanes are the foundation of the freight industry. Some are more congested or popular depending on the trade routes they are associated with.

Billions of items are shipped throughout the globe each year by large ships. The world’s economy depends on these ships, with specifically engineered shipping lanes designed for these massive ships to make their way. These routes connect the globe immensely; without them, the world could not carry out trade on the same scale.

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