Page 166 - Technology Roadmap Transportation

TECHNOLOGY VISION 2035

FIG 2.2: GROWTH IN THE WORLD FLEET AND TOTAL SEABORNE TRADE
(FORECAST INCLUDED)[2]
Figure 1.1.2 Growth in the world fleet and total seaborne trade (forecast included) [2]
9%

7%

5%
3%

1%

-1% 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019
-3%

-5%

-7%
 
experiencing tough conditions. It will take some in transportation of India’s international
years before the current oversupply of tonnage is trade has declined from over 90% in the
absorbed by the shipping industry. 1950s, to 30% in the early 90s, to less than
9% presently. Liberalisation of the economy
Looking ahead, according to Det Norske Veritas in the 90s saw a surge in India’s international
(DNV), the Norwegian classification society study, trade, which grew at a much faster rate than
the total world GDP growth on an average is that of the shipping tonnage. Slow growth of
expected to remain fairly stable at approximately tonnage led to gradual decline in the Indian
3.3% annually through 2030. The capacity of the shipping companies’ share in transporting
world fleet is also expected to grow accordingly. its trade. Thus, making our nation vulnerable
Marine Intelligence & Publications; IHS Fairplay as it remains heavily dependent on foreign
estimates that the total world fleet, measured in shipping companies for its transportation
million Deadweight tonnage (DWT), will increase need, which indeed poses a threat to our
by approximately 50% between 2013 and 2020, national as well as energy security.
based on this annual economic growth of 3.3%.
This suggests that on an average, 1,700 to 2,000 The share of Indian shipping companies in
new vessels will be contracted for each year. transportation of India’s international trade

2.2 INDIA VIS-À-VIS GLOBAL TRENDS
India has substantial potential considering its long
coast line and possible growth of Inland Shipping.
A comparison of what we have achieved as against 90% 1950s
global trends in respect of different aspects of
shipping, is done in the following paragraphs:

2.2.1 Indian Shipping Tonnage
(a) As on 1 January 2015, Indian shipping fleet
st
consisted of 1174 vessels (361 Ocean going)
of about 15.55 million DWT, as against
world merchant fleet comprising of 89,464 30% 1990s
vessels with a total tonnage of 1.75 billion
DWT {United Nations Conference on Trade
and Development (UNCTAD),Review of
Maritime Transport, 2015}. That makes the
Indian shipping tonnage at just about 1% of 2015-16
the world fleet, ranked at 19 position in the 9%
th
world. The share of Indian shipping companies

164 WATERWAYS

Inland Shipping (1%)
Coastal Shipping (7%)
Other Transport modes (92%)