World Maritime Day celebrates shipping

Media Release

DC126/2016

29 September 2016

Today, on World Maritime Day 2016, the International Maritime Organization (IMO) and the global shipping industry are celebrating the critical link between shipping and the global economy.

Around 80 per cent of global trade by volume and more than 70 per cent of global trade by value is carried by sea and handled by ports around the world.

For Australia, the share is even higher with more than 99 per cent of our international trade carried by sea and 30 per cent of our GDP dependent on international shipping.

Our nation's economic prosperity is built on a safe, efficient international shipping industry.

Annually, more than 5,700 ships make in excess of 25,000 visits to Australian ports, with 10 per cent of the world’s total trade in goods passing through our ports.

Domestically, coastal shipping has the potential to grow its share of Australia’s domestic freight task to ease pressure on road and rail infrastructure and reduce congestion in our cities.

Cruise shipping is playing an increasingly important role in international tourism. Around the world cruising is celebrating a phenomenal growth record, and Australia is the world’s fastest growing market in the industry.

An increasing number of cruise ships visit our ports, with close to 950 visits in 2015–16 along with higher numbers of passenger and crew days in port, contributed direct expenditure of more than $1.9 billion to our economy in 2014–15. This is growing year-on-year.

World Maritime Day is an initiative of the IMO, the United Nations’ specialised agency with responsibility for the safety and security of shipping and the prevention of marine pollution by ships.

Australia plays a key role at the IMO and has served on its governing Council for more than 40 years.