This question has two parts. Please read each part carefully and provide all your answers to both parts of the question.
PART -A
The shipping industry provides freight transport services through their fleet of seacraft, voyaging to domestic and international destinations. The industry is part of the shipping value chain, which includes suppliers as well as distributors of the main service provider, the shipping company. The chain is set up to cater to the needs of the ultimate commodity market around the world.