Wednesday, October 14, 2020

PORT SERVICES: KEY INSTRUMENTS IN MARITIME LOGISTICS

PORT SERVICES  ARE ONE OF THE ESSENTIAL MECHANISM TO ENSURE THE PROPER EXECUTION OF THE DIFFERENT COMMERCIAL ACTIVITIES TAKING PLACE AT EVERY SINGLE PORT AROUND THE GLOBE. SOME OF THE MAIN FUNCTIONS COVERED THAT ARE WORTH MENTIONING INCLUDE  FREIGHT HANDLING, NAUTICAL TECHNICAL ASSISTANCE, SUCH AS TOWAGE OR BERTHING-CASTING OFF, OTHER BASIC SERVICES SUCH AS THOSE RELATED TO PASSENGER TRANSPORT OR SHIP BASED MANAGEMENT SERVICES.

COMPANIES SPECIALIZING IN PROVIDING THESE PORT SERVICES  HAVE SEEN INCREASE IN THEIR TURN OVER FOR PAST FEW YEARS.

THEREFORE, FREIGHT SERVICES (LOADING-UNLOADING, STOWING-UNSTOWING, TRANSPORT BETWEEN SHIP-PORT) ARE THE MOST IN-DEMAND PORT SERVICE AND RESPONSIBLE FOR THE HIGHEST FINANCIAL VOLUME IN 2016, ACCOUNTING FOR 51.5% OF THE TOTAL TURNOVER GENERATED IN THIS SAME YEAR, TOTALING MORE THAN 3.5 BILLION EUROS IN SPAIN. 

INDIA HAS A RICH HISTORY OF TRADE ACROSS SEAS. PORTS CONSTITUTE AN IMPORTANT ECONOMIC ACTIVITY IN COASTAL AREAS. PORTS ARE ALSO IMPORTANT FOR THE SUPPORT OF ECONOMIC ACTIVITIES IN THE HINTERLAND SINCE THEY ACT AS A CRUCIAL CONNECTION BETWEEN SEA AND LAND TRANSPORT