World Maritime Day observed with theme Shipping: Indispensable to the World
According to the UNCTAD, around 80 percent of global trade by volume and over 70 percent of global trade by value are carried by sea and are handled by ports worldwide.
World Maritime Day was observed across the world on 29 September 2016. Theme for the day is shipping: indispensable to the world.
The theme was chosen to focus on the critical link between shipping and global society and to raise awareness of the relevance of the role of International Maritime Organization (IMO) as the global regulatory body for international shipping. The importance of shipping to support and sustain today's global society gives IMO's work a significance that reaches far beyond the industry itself.
Besides, to mark the 2016 World Maritime Day, a parallel event will be held in Istanbul, Turkey, from 4 to 6 November 2016.
Importance of Maritime Service
In the today’s world, maritime service supports the global economy by simplifying global trade. It helps in shipping the huge quantities of cargo in a cost-effective manner which is clean as well as safe. Maritime or shipping service also supports every country directly or indirectly to sell the products that it produces or to buy what it needs.
In short it can be said that maritime transport is the backbone of global trade and the global economy.
Establishment of a sustainable maritime transport system sector is essential to the development and growth of the world’s economy. Shipping has always provided the only cost-effective method of bulk transport over any great distance, and the development of shipping and the establishment of a global system of trade are inextricably linked.
According to the United Nations Conference on Trade and Development (UNCTAD), around 80 per cent of global trade by volume and over 70 per cent of global trade by value are carried by sea and are handled by ports worldwide.
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