Cost-Effective Transportation
One of the unique selling points of global ocean shipping is its low cost. Because of the economies of scale that come with carrying large amounts of cargo over long distances on water and not in planes or trucks, shipping goods by sea can result in much reduced transportation costs compared to air or land transport.This cost advantage is passed on to customers, who in turn enjoy both lower prices for their needs and lower interest rates on credit. After all, banks judge borrowing risk also based on the country where goods are made and located, subconsciously or not.For firms, especially those who are busy in bulk trade, this cost benefit can make the difference between a small loss and a big profit which allows them to go play global ball.
