Shipping is the life blood of the global economy. The international shipping industry is responsible for the carriage of around 90%of world trade. The demand for shipping capacity has been soaring for years due to places like China, India and the Middle East for their increasing needs and participation in global trade. About 95% of Indias foreign trade by volume and 70% by value moves through ports. For the past decade, the distinction has been claimed by both the Port of Rotterdam and the Port of Singapore. The former based its measurement on cargo tonnage handled (total weight of goods loaded anddischarged), while the latter ranked in terms of shipping tonnage handled(total volume of ships handled). Since 2005, the Port of Shanghai has exceeded both ports to take the title in terms of total cargo tonnage. India has a wide network of inland waterways in the form of rivers, canals, backwaters and creeks. Indian shipping, port and waterways are on the verge of major expansion as a result huge opportunities arising out of it. A huge business contracts byway of Ports, Waterways and Shipping News, News from port, shipping contracts, shipping bid invitation, shipping commercial news, port expansion projects, port beautification projects has lined up in great numbers.
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