Marine Transport

The global logistics industry was valued at US$3.5 one million million million in 2005, whereas US logisticsindustry size was close to US$900 billion, 25% of the global logistics industry. Logistics costs in India are estimated to be around 13% of the GDP, which comes to aroundUS$94 billion in 2005-06. However, Indias expending on logistics industry is much higherthan the developed economies like the US (9.5%) and Japan (10.5%). Marine trans user interface arena contributes over 0.2% to the arenas GDP at constant prices (1999-2000 prices). Transport sectors contribution to the GDP has been firming up over the abide couple of years, mostly because of the growing economic activities in the country. transport industry plays a significant role in the Indian economy. India has 12 major and 187minor/intermediate ports along its coastline of around 7,517km. The take place strength at the endof December 2006 was 774 vessels with 8.42m Gross Registered Tonnage (GRT). Ports hang as the gateways to the international trade in India. Major ports in India togetherhave handled 463.84m tonnes of cargo in 2006-07, a growth of 9.

51% against the same periodof the prior year. The petroleum-oil-lubricants (POL) accounted for 33.38% of the total traffic at major ports during April-March 2007, while bid ore constituted 17.37%, coal12.98%, container traffic 15.84%, fertiliser 3.04%, and others 17.49%. According to the Planning Commission, Indias shipping fleet strength will be increase up to15m GRT (as per the 3rd target) by the end of 2011-12, with an estimated investment ofUS$17.7 billion. The port throughput will increase up to 1,008m tonnes, growing at a CAGRof 10.96% from 2007-08 to 2011-12. If you want to get a full essay, order it on our website: Ordercustompaper.com

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