Question

What are marine-based industries with examples?

Answer 1

Answer:

Marine-based industries use seafood and ocean products as raw materials, such as industries that process seafood or manufacture fish oil.When sea and ocean goods are used as raw materials, they are referred to as marine industries.

Example – Marine food industry.

Maritime Transport – Importance of the Sector

• Maritime transport is the backbone of global trade and the global economy.
• The international shipping industry can be divided into four closely related shipping markets, each trading in a different commodity: the newbuilding market, the freight market, demolition market, the sale and purchase market.
• Trading is one of the most important applications of maritime transport.
• Overall cost of the business can be reduced as trading through maritime transport is the cheaper medium.
• The living standards of people in the developed and industrialized world, the livelihoods and jobs of billions of people in the developing world, are dependent on maritime industry.
• Transportation of every kind of cargo internationally is done by many thousand merchant ships, handled by more than a million seafarers from almost every nation. These ships are registered in over 150 countries.
• Millions of commercial fishing vessels operate in the Oceans and seas at any point of time.
• The maritime sector is composed of organizations and activities such as maritime transportation, the recreational and cruise sector, commercial fishing, the naval industry (component supply sector for naval shipbuilding and engineering companies), commercial ports, sport sector, aquaculture industry, and marine energy sources.