HEADLINES:  

Shipping plays an important role in the Indian economy with around 95 per cent of the country's trade by volume and 68 per cent in terms of value being transported by sea. As on 1 January 2012, India had a fleet strength of 1,122 ships with Gross Tonnage (GT) of 11.06 million, the public-sector Shipping Corporation of India having the largest share of 36.17 per cent. Of this, 372 ships with10.01 million GT cater to India's overseas trade and the rest to coastal trade.

The gross foreign exchange earnings/savings of Indian ships in 2010-11 were 10,666.45 crores. The country with the highest dead weight tonnage (DWT) is Hong Kong.

Though India has one of the largest merchant shipping fleets among developing countries, it is ranked eighteenth in the world in terms of DWT with a share of only 1.09 per cent as on 1 January 2011. In comparison, China is ranked ninth with a share of 3.78 per cent


In the ports sector, major and non-major ports in India handled a total cargo throughput of 446.1 MT during April-September 2011, reflecting an increase of 4.6 per cent over the same period last year.

The rate of growth of cargo handled at 12 major ports improved from 1.2 per cent in April-September 2010 to 3.1 per cent in April-September 2011.

  INDIAN Shipping INDUSTRY AT A Glance IN 2012 - 2013

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