Maritime shipping plays a foundational role in the economic health of nations, particularly for countries whose economies are driven by imports and exports. Efficient sea transport enables nations to access global markets, stimulating trade, creating jobs, and driving economic growth. For emerging economies, maritime shipping is essential for integrating into global trade networks, enabling them to export their goods at competitive rates. The economic impact of shipping is not limited to direct job creation; the sector indirectly supports industries like manufacturing, warehousing, and distribution. Moreover, the development of seaports and related infrastructure leads to urban growth and industrialization, further fueling national and regional economic progress.
