ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -As Britain is an island nation, shipping and the maritime sectors are among the most important industries to the UK economy.

Detailed explanation-2: -What is the shipping industry? The shipping industry facilitates domestic and global manufacturing and trade via transportation of commodities and finished products, while also providing for the delivery of goods directly to consumers.

Detailed explanation-3: -A $1.5 Trillion Industry Is Projected To Grow To $2+ Trillion By 2023. You might wonder how big the shipping industry is. At InXpress Franchise, it is increasingly getting bigger, and in the United States alone, the $1.5 Trillion shipping and logistics industry is expected to be valued at $2+ trillion by 2023.

Detailed explanation-4: -The UK port industry is the second largest in Europe, handling almost 500 million tonnes of freight each year, as well as over 60 million international and domestic passenger journeys. The UK ports sector is also estimated to directly employ around 101, 000 people.

Detailed explanation-5: -John Good Shipping We have been at the heart of the UK shipping industry since 1833, and have built up an excellent reputation for delivering bespoke services of the highest quality.