Global Trade and Shipping: In the context of international trade, shipping plays a pivotal role. Ports and shipping routes are critical for the movement of goods between countries. The shipping industry involves container ships, bulk carriers, and other vessels.

Insurance and Risk Management: Trading transport involves inherent risks, such as damage to goods during transit or delays. Therefore, insurance and risk management strategies are essential to mitigate potential losses.

Trade Routes: Certain regions and corridors are crucial for global trade. For example, the Suez Canal and Panama Canal are vital for shipping routes, providing shortcuts between major trading regions.