What are the advantages and disadvantages of ocean freight?

What are the advantages and disadvantages of ocean freight?

Cheap Freight: In comparison to rail, road, and air, ocean freight rates are more affordable and especially more economically viable for bulkier cargo. Less Maintenance Cost: Maintenance cost of water transport is quite cheaper in comparison to maintenance cost involved in air and rail transport.

Why is ocean freight important?

The main transport mode for global trade is ocean shipping: around 90% of traded goods are carried over the waves. As such, the oceans provide the main transport arteries for global trade. This comes with opportunities and challenges.

What are the advantages of water transport?

Advantages of Water Transportation

• Economical. Rivers are a self-contained roadway that requires no building or maintenance. …
• Large Storage Capacity. …
• Safe Mode Of Transport. …
• Increased Product Diversity and Transportable Materials. …
• Environmentally Friendly. …
• Sluggish and Time-Consuming. …
• Reliability. …
• Port Accessibility.

What are the five disadvantages of water transport?

Disadvantages:

• Slow: Speed of Inland water transport is very slow and therefore this mode of transport is unsuitable where time is an important factor.
• Limited Area of Operation: …
• Seasonal Character: …
• Unreliable: …
• Unsuitable for Small Business: