The Economics of Shipping

This video explores the economics of shipping and why it is still the most popular transportation option.

Shipping has been a staple of the transportation industry for a very long time and have always been one of the most popular choices. Today 90% of all world trade is shipped.

If you want to get something from point A to point B you got several transportation options.

Planes are fast, Trucks are precise and Trains are efficient.
What ships do best is that they are the cheapest.

#economics #shipping

[hustensaftvernichter]

The graph at 0:46 was quite an impressive demonstration to me. I already knew that air transport is by far the most expensive, but wouldn't have thought it's such a huge step up. I'm also amazed by how relatively cheap rail transport is supposed to be... Investing in a more sophisicated railroad network might actually save a lot of money on the long run, as many trucks set out because of the points that cannot be reached by rail. Also, that would definitely dilute the extreme congestion trucks cause on motorways... But with the sheer competency of the railroad companies that operate locally in my proximity, I should be careful what to wish for because that expansion would sadly prove to be a disaster, I bet.


I don't actually have that much to do with shipping affairs, really; i'm currently training to become a foreign-language correspondent and somehow require additional information to visualize what all the ''paper work'' is truly on about, as I find bureaucratic routine quite bland and monotonous without looking at the scale of things behind it. Your content has helped me comprehend, as I'm just now taking a very lateral step in terms of profession - I'm actually doing the entire training on the side and getting more and more absorbed and so far, I enjoy it.
I'd like to let you know that I subscribed and am looking forward to more educational videos like that.
Ha det bra!

[overseerjplalo]

Deeply admire in awe your way of visually presenting the "Economic of shipping" which for one reason I thought of having my own channel keeping clips shown to inspire and give information on ports, harbor and shipping wonders. Hoping you would allow me to share your video clip, an opportunity perhaps. just felt happy about it looking back after a year of retirement from service once handling/managing a Port in the Bicol Region, Philippines. Thank you so much.

[losttale]

Excellent video. I like the mix of key points from both economic and scientific perspectives.
For example, for economics, capital requirement, efficiency at ports, manpower use
For example for scientific, the low drag from water.
for both, the cheap fuel.

[alnvgraha]

Great video but i think it is too short for such a fun one

[BallyBoy]

What the? Rail is a tonne cheaper than Road. Guys let's get building!

[TheSplugorth]

The real truth is we all need to throw that stuff off those ships like they did during the Boston tea party.

[bahasahin]

Hi, could you be able to share the shipping cost graph's original source? Thank you in advance.

[michaelsrowland]

How do you work out the cost per ton mile in bulk carriers.? Say a ship carries 10, 000 tonnes of cargo. The speed is 10 knots. And burns 10 tonnes of fuel a day. What is the cost per ton mile?

[rajeshsavji]

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[romenali]

You littlerly copied the other videos explanation . Your not slick bro I’m reporting u . Guys report this channel he littlerly just copied everything another guy said in a diff video I watched . Not cool.