Oceans - 8 Syme side Flashcards
How much of the worlds trade is transported by sea?
80%
What is the trend between seaborne trade and the economy?
- Postive
- Work in tandem with one another
What is time space compression?
The set of processes that cause the relative distances between places to contract effectively making such places grow closer
What factors effect globalisation?
- Economical
- Social
- Political
- Cultural
Wha is globalisation?
Is the increasing acceleration of flows politically, socially, culturally and economically where in which interdependence is established
What does TEU stand for?
Twenty equivalent unit
What are the features of trade in oceans?
- Core shipping routes
- Major/ busiest port
- Choke points
How much CO2 by commercial ships everyday?
1 million tonnes
Example of busy coastline?
East China Sea
What are some examples of goods transported?
- Metal ores
- Compressed gas
- Fruits
- Oats
What are examples of choke points?
- The Panama canal
- The Suez canal
- The Strait of Hormuz
Who controls the Strait of Hormuz?
Iran
What’s moved through the strait of Hormuz?
- 30% of crude oil
- 30% of global LNG trade
What have been signs of conflict the Strait of Hormuz?
Tankers and commercial ships were attacked during Iran and Iraq war
What is the Strait of Malacca known for?
Pirate attacks
Where are the worlds busiest ports found?
- Asia->
- Shanghai (42 million TEU)
- Singapore
How much has container carrying capacity increased by?
1500% since 1968
How much has the size of containers changed in the past 10 years?
Doubled
How has containerisation sped up international trade?
- Unloading - offloading sped up
- Logging and tracking of each container
- No loose goods - nothing lost
- Lowering cost of trade -> specialisation and expansion of supply chains
What are the physical factors influencing global shipping routes?
- Raw material availability
- Geography of coastline -> weather conditions, bathymetry
- Natural protected harbours
- Import of manufactured goods
- Countries with limited access to water resources - food imports
What human factors influence global shipping routes?
- Innovation + engineering - canals -> reduce journey
- Size of canal - Suez max
- HDI/GDP - ability to purchase
- Geopolitical threats
- Size of market