Ocean freight is the standard for most commercial cargo. In other words, in most cases, the best strategy for shipping is to use actual ships.
While people today travel mostly by plane or car, goods don’t. An estimated 90 percent of the world’s goods are moved by ocean freight.
In 2022, the world’s fleet of 55,000 ships carried 11 billion tons of goods.
While shipping is a global business, it concentrates in particular regions. For example, one-third of all global ocean freight—$5.3 trillion worth of goods—occurs within the South China Sea.
Shipping on waterways isn’t limited to oceans, either. In Louisiana, shipping along the Mississippi River accounts for more than half of all freight, and almost ten times the amount brought into the state by truck.
Ocean freight is a cost-effective, flexible way to transport your goods.