A New Approach to Sea Transportation

Abstract

This study has been conducted to detect the strengths and the improvement requiring areas of sea transportation in Turkey via SWOT analysis, and the opportunities this sector brings to Turkey and the threats that might appear have been put forward in several aspects. When the necessary advances have been made considering the outcomes of this study, it can be foreseen that Turkish navigation can make a swift progress and assume its place in the top 5 mercantile fleets of the World Trade Fleet. Moreover, this new approach that can be developed through the example of Turkey, especially in the context of SWOT analysis methodology, can get to be seen as a role model before the other developing countries.Sea transportation is not merely a transportation sector. Along with goods and human transportation, ship building industry, port services, sea insurance and sea tourism are among the many naval activities. Because of all these, sea transportation has a significant place in international trade. The overall commercial value of world trade mounting up to 15 trillion US dollars, 9 trillion dollars of this has been conducted via sea transportation. In other words, 60 percent of world commerce has been done through sea transportation (GISBIR, 2013). Furthermore, the volume of the dry bulk market via sea transportation is expected to grow by 6 percent between the years 2014 and 2018 (GISBIR, 2013).