Shipping

The Indian shipping industry is broadly classified into shipbuilding & transportation. Deadweight tonnage (also known as deadweight) is a measure of how much mass or weight of cargo or burden a ship can safely carry. Deadweight tonnage is the sum of the weights or masses of cargo, fuel, fresh water, ballast water, provisions, passengers and crew. The major t... more »

The Indian shipping industry is broadly classified into shipbuilding & transportation. Deadweight tonnage (also known as deadweight) is a measure of how much mass or weight of cargo or burden a ship can safely carry. Deadweight tonnage is the sum of the weights or masses of cargo, fuel, fresh water, ballast water, provisions, passengers and crew. The major types of ships are Panamax, Supramax, Handymax, Ultra Large Crude Carrier, Very Large Crude Carrier, etc. Baltic Exchange Dry Index provides an assessment of the price of moving the major raw materials by sea. Taking in 26 shipping routes measured on a time charter and voyage basis, the index covers Handymax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain. The ship classification is done based on Dead Weight Tons. Capesize 100,000+ DWT; Panamax 60,000-80,000 DWT; Supramax 45,000-59,000 DWT; Handysize 15,000-35,000 DWT. About 90% of world trade is carried by the international shipping industry. Shipping is regulated globally by the International Maritime Organization (IMO). The major ports in India are Chennai, Cochin, Ennore, Jawaharlal Nehru, Kolkata , Haldia, Kandla, Marmugao, Mumbai, New Mangalore, Paradip, Tuticorin & Visakhapatanam. hide «