Oceans are important due to the following reasons:
They are the prime source of precipitation and humidity in the atmosphere as maximum evaporation takes place on their surface itself.
They are home to a wide range of aquatic and marine life, which is the source of food and livelihood for many people.
They have a moderating effect on the climate of coastal areas making it very pleasant.
They have huge deposits of petroleum and minerals, which are very essential for the growth of modern industry.
They are a renewable source of power generation. Tidal and wave energy is being converted into electricity in many countries these days.
The saline water of oceans is also converted into portable water by desalination process, which can be used by humans.
Oceans have served as a great source of transport since long time. In the modern world, ocean transport plays an important role in international trade and commerce.