AN ANALYSIS ON SEABORNE VESSEL TRAFFIC & ECONOMY | Maritime Studies

AN ANALYSIS ON SEABORNE VESSEL TRAFFIC & ECONOMY | Maritime Studies

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  HSS F314 MARITIME STUDIESASSIGNMENT 2022 AN ANALYSIS ON SEABORNE VESSEL TRAFFIC & ECONOMY PREPARED BY PRAYAG MOHANTY 2020A3PS0566G AAKASH GUPTA 2020A3PS1096G ANURAG 2020A3PS1770G AAYUSHRAJ SINGH 2020A3PS0497G JHA ABHINAV ANAND 2020A8PS1502G
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  2 INTRODUCTION Maritime trade isan activity that involves the transportation of goods and people on a body of water. It used to be conducted by ships traveling on open seas, but with the advent of globalization, seaways have become more bustling. The global economy has evolved into a massive interdependent system where all countries participate in many facets of our lives. One way for this system to function effectively is for each country to have a strong maritime industry which is capable of offering food products and energy sources, as well as creating jobs. To find the answer to the question – How do they contribute to more trade, investments and opportunities? We have used our own analysis methods to analyze cargo and tanker traffic data over 14 days and over two years. Also, it is evident that when comparing containerized cargo and tanker movements conveyed by vessels of different sizes (from bulk carrier to container vessel) both have various advantages like enhanced speed (containerized cargo), reduced turnaround time (containerized cargo), etc.
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  3 37 Countries VesselTraffic Data Source: https://docs.google.com/spreadsheets/d/1OgtRtzXfWormuvW2HkQXj-WaNbv2xC8z/edit#gid=626435672
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  4 Source: https://docs.google.com/spreadsheets/d/1OgtRtzXfWormuvW2HkQXj-WaNbv2xC8z/edit#gid=626435672
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  6 OBSERVATIONS ● For thedata of 37 countries, Singapore stands out with its capacity to handle 2 million vessels across the span of 2 years. With a population of 5.45 million, it has harnessed its technological and geographical advantages- to improve its trade and economy. It gets a majority of its vessels from the pleasurecraft category ● Australia has the largest passenger vessel traffic inflow. Since it is the world’s largest island continent with a coastline of 34000 km, it receives more 700,000 vessels. ● Bahrain has rich oil reserves ( depleting ) but also has its traditional fishing industry to support its economy. With 161 km of it’s coastline, ● Indonesia, UAE, Thailand are upcoming Asian economies with a huge potential in sea borne cargo freight. ● Majority of the countries have less than 1% of port per coastline (in km) except for Iraq. SOLUTIONS ● Optimized cargo & tankers over passengers and fishing. The ROI on cargo & tanker trade weighs in more than passenger ferrying. ● Countries should prioritize seatrade over seafarming ● Countries with private ports have better capacities, more open trade and investments as compared to ones with a central authority. ● Ports could look towards diversifying their existing locations and shift towards more hybrid locations for trade and transfer of goods.
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  7 4 Countries 14Days Select Port Vessel Traffic Data Source: https://docs.google.com/spreadsheets/d/1OgtRtzXfWormuvW2HkQXj-WaNbv2xC8z/edit#gid=626435672
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  8 Source: https://docs.google.com/spreadsheets/d/1OgtRtzXfWormuvW2HkQXj-WaNbv2xC8z/edit#gid=626435672
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  9 OBSERVATIONS & SOLUTIONS INDIANPORTS ● Among the 4 nations, India handles largest numbers of vessel and is only after Australia ● Out of the given 13 ports in India, 6 ports are possessed by the Adani group(MUNDRA, KRISHNAPATNAM, KATTUPALLI, DIGHI, DHAMRA, DAHEJ) along with major terminals in ports like HAZIRA, MORMUGAO, VISHAKAPATNAM ● Mumbai port and Hazira port together contribute to around 54.9 percent of vessel business from the given port data which is more than rest 11 ports combined ● Chennai Port constitutes to be one of the largest artificial ports in India after Mumbai but still, it has the lower business of vessels than Mundra port because of the advanced or higher trading and running price of vessels at the port ● Sum of Tug is highest in Hazira Port(in fig XXXX) because Hazira harbourage substantially handles cargo including bulk, break-bulk, bulk liquid chemicals, petroleum products & edible oil painting, containers, automotive, and crude for which tugging boats become most essential to move mega ships closer to port ● APSEZ aims to be the first global carbon-neutral port company by 2025 with the entire harbourage weight operations powered by renewable energy. The company’s aggressive approach towards net zero in the alternate half of the decade has come most important factor in boosting India’s Maritime Sector Australia’s Maritime is heavily dependent on Tourist, Mostly contributed by it’s port in Sydney. We can also see the number of pleasure craft is also significantly higher, that too mostly contributed by its port in Sydney. ● Total transportation of tankers in Australia is also comparatively low compared to other countries, which shows its self sufficiency. ● Although Australia is Surrounded by ocean from all sides, India’s Cargo transportation is a lot higher comparatively.
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  10 APPENDIX: ● 4 Countries14 Days Select Port Vessel Traffic Data ● 37 Countries Vessel Traffic Data ● Ports details: WPS - Ports by Country ● FTAs signed by countries: By Country/Economy - Free Trade Agreements