The transportation sector and the entire supply chain depend on the shipping industry. Shipping swiftly transports items between geolocations, advancing the economy. Compared to other forms of transportation, ships carry enormous amounts of cargo, which has considerable economic benefits.
Depending on the cargo, the shipping sector serves three markets: dry bulk, containers, and oil tankers. Dry bulk shipping refers to the movement of commodities in bulk, such as iron ore, coal, grain, sugar, salt, cement, steel products (coils, plates, and rods), lumber, and other minor bulks. Goods that are comparatively larger than a container are known as break bulk freight.