Effect of Globalization on International Ocean Transportation

Effect of Globalization on International Ocean Transportation Name: Institution: Date: Table of Contents TOC \o "1-3" \h \z \u Table of Contents PAGEREF _Toc14895117 \h 2 Introduction PAGEREF _Toc14895118 \h 3 How Ocean transportation has transformed its technologies PAGEREF _Toc14895119 \h 4 The growth of Ocean Shipping Companies PAGEREF _Toc14895120 \h 5 Growth of Ocean Shipping Companies, Case Study; COSCO PAGEREF _Toc14895121 \h 6 Effects of Globalization on Ocean Transport PAGEREF _Toc14895122 \h 7 Negative Side effects of globalization to the marine transportation PAGEREF _Toc14895123 \h 8 The Future of Ocean Transportation PAGEREF _Toc14895124 \h 9 Conclusion PAGEREF _Toc14895125 \h 10 References PAGEREF _Toc14895126 \h 12 Introduction Water transport has played a key role in human civilization. Water transport has offered a cheap and reliable system to help move bulky goods from one point to another. It is evident in history when several of Sui dynasty which dug nearly 2000km canals throughout their territory and diverted waters to these canals to help create reliable inter-territory transport routes CITATION Vic12 \l 1033 (Xiong, 2012). This was long before other means of bulk transport like roads and rails were invented. In other areas of the world, water transport continued to play a key role in transport, combat and developing their territories. Water transport of the ancient world still dictates the present world geography i.e the New York was situated near river Hudson which offered good ports for docking for ancient traders CITATION Joh10 \l 1033 (McDonald & McMillen, 2010). New Orleans is also another city which was established because of its convenience of transport and connection to the other world CITATION Joh10 \l 1033 (McDonald & McMillen, 2010). Throughout the world, many ancient cities were near the coast or at big river mouths because of the convenience of water transport. Even in the age of faster transport systems like air transport, water transport and especially marine transport has continued to play a dominant role in the civilization of mankind. Since the start of the industrial era, globalization has increased and need to transport bulky goods and raw materials have continued and the world has relied on ocean transport for the same. Ocean transport became a critical piece in international trade such in the late 19th century, Africa and Asia had to separate by a canal (Suez Canal) to facilitate ocean transport. Barely 5 decades later, north and south America were separated by another canal (Panama Canal) to create new shipping routes between the two continents. This shows the role of ocean transport in the global economy and the effect it has. Over the centuries and especially in the last century, globalization and ocean transport have developed a symbiotic relationship and have become a key pillar in the world economy today. This paper discusses the effect of globalization on ocean transportation especially in relation to how the maritime industry has been forced to transform its technologies over the years to meet the rising demands of globalization. How Ocean transportation has transformed its technologies In the last century, there have been giant leaps in technological advanc...