Essays on Shipping Industry

1.0 History Maersk as a company was established in 1904, and it was in this year that the company was labeled Maersk Group, with the objective of offering shipping services.The company was a beginning of an idea by two people, who included Peter Maersk and his blood son, Peter Moller. Initially, being a family business, the company bought its first five tankers in 1928.Mr. Moller initiated and oversaw the global expansion of Maersk Group into the global markets, with U.S. being its first international subsidiary. Larsen& Mortensen (2011 affirms that, ‘This was followed by penetration into the United Kingdom, ...

Historical origin and development of shipyard in Istanbul

Ships and shipyards are a very old tradition in Istanbul (Cvikel & Kahanov, 2013). The pioneer shipyard was designed in 1390. The shipyards developed quickly and as early as the 16th century, Turkish shipyards were leading globally (Grant, 2005). Traditional shipbuilding techniques in combination with modern technology have helped the shipbuilding industry develop as an international recognized trademark in shipping industry since the beginning of 1990's. In Istanbul, shipyards perform various functions ranging from creating a variety of ship models such as yacht both big and small. Repair and maintenance of the different vessels are also done in these shipyards. ...

Impact of Benjamin Franklin's Charts of the Golf Stream on the Shipping Industry

The Gulf Stream is a gigantic current that flows from the Mexican Gulf, past the Florida Peninsula, U.S. East Coast and up to Cape Hatteras. The current then flows across the Atlantic towards Iceland, British Isles, and to Norway. Viewed from the Straits of Florida, the stream has a width of approximately forty miles. Its speed can go as high as five miles per hour (4.3 nautical knots). As the current flows into North Atlantic, the width widens and can increase to up to hundreds of miles at some points (Richardson 51). The amount of water carried by the ...

Impact of Benjamin Franklin's Charts of the Golf Stream on the Shipping Industry

The Gulf Stream is a gigantic river that flows inside ocean from the Mexican Gulf, passing through Florida Peninsula, the East Coast and to Cape Hatteras. The current flows into the Iceland, British Isles, and to Norway. Viewed from the Straits of Florida, the stream has a width of approximately forty miles. Its speed can go as high as five miles per hour. As the Current flows into North Atlantic, the width widens and can increase to up to hundreds of miles at some points (Richardson 51). The amount of water carried by the Gulf Stream is more than ...

Intermodal Containers

Introduction The intermodal container is one of the most common sights in ports, harbors and docks. It is so common that its importance and significance to modern logistics is often overlooked. But despite the seemingly simple design of intermodal containers, its universal usefulness in transporting goods could not be undermined that it can be considered as one of the most important development in the field of transportation and logistics. Despite its importance in commerce and logistics, the intermodal container is also at risk of being utilized by the lawless elements of society. Without proper security, containers can be used ...

At the beginning of the year China has reported that its annual economic growth for 2015 is the weakest in 25 years. Country’s GDP has expanded by 6.9% in 2015, which aligns with the target set by the government, but is far from the previous year’s index. As Rebecca Wright reports in her article for CNN, China slowdown has hit global shipping industry. Global shipping companies are concerned with the decline in global growth and, particularly, in China’s because it is the largest exporting country in the world, and are forced to take measures against losses ...

Revolution of Intermodal Transportation by Containerization

The intermodal shipping containers are large steel tool boxes made in different standardized sizes for movement of goods using the ships, trucks, airplane, or train. The simple technology improved the social and economic situation of the global market by allowing transportation of bulk goods on water for longer distances. Before the intermodal transport, people used break bulk shipping, products used to be carried using loose boxes, bags, and other small boxes. The break bulk was cumbersome, people spent longer, and a great deal of time unloading them in the ships. The earliest containers were made from coal containers the ...

Abstract

Global market operations require that a multinational organization considers policy structures that prove effective in the management of its global operations. An examination worldwide operation of Maersk Line in 135 countries around the world reveals that the company has employed investments in innovation and capacity building as the main driver of its supply chain components. Based on this six operational areas that encompass; customers, competition, operational costs, communication, technology and environmental pollution the paper investigates the efforts made by the management at Maersk Line in effectively running its supply chain worldwide. The paper finds that several challenges and opportunities are ...

Abstract

The paper will discuss the definition of a ship based on maritime law. Lawyers make a big deal out of the definition of a ship because of its importance in shipping law which is within the commerce of men. The definition of a ship is a topic that is being debated by lawyers since it can affect their client’s social and economic life such as the businessmen and traders all over the world. At the same time, the definition of a ship within the ambit of maritime law shall provide the accountabilities of ship owners to the shipper, and will involve the ...

Abstract

The development of the maritime industry and the related cargo operations in particular, is an extremely important and interesting part of the historical development of business relationships and industrialization. One of the turning points in the history is the development of the shipping container, which, according to many professionals and academics, have turned around the industry and had tremendous effect on the business as a whole along with the automatization of the cargo operations.

There are numerous factors, which influence the development of the containerized cargo and bulk transportation. Both modes of transportation are subject to economic, political, social, technological, ...

FedEx is made up of several divisions. The most significant division, and market leader in its segment is its FedEx Express unit. The FedEx Express unit is the world's number one express service carrier. FedEx Express delivers three and a half million packages every day to two hundred and twenty countries. FedEx owns a fleet of six hundred ninety airplanes, and fifty thousand motor vehicles and trailers. FedEx Office retail outlets and shops offer document-related and business services. These retail outlets also function as hubs for other FedEx units ("FedEx corporation competition," 2014). When FedEx is measured against all other parcel ...

Purpose of the Paper

Every business that strives for success needs to define success. A goal or set of goals is referred to the success. The paper focus is towards providing complete details on goal setting and use of goal setting strategies to achieve success in an organizational environment. Further, the paper will analyze FedEx goal setting application within the organization. Moreover, the paper will discuss the external and internal factors of FedEx through analyzing the trends, threats and competitive advantage of the management external and internal environment. The Porter Five Forces Model is used to examine the threats/challenges faced by the company ...

Literature

In Chapter 3, George, in Ninety Percent of Everything, writes about the life of seafarers from the 1900s to the present. In bringing to life the world of the seafarers of the 1900s, George writes that there was so much at stake before the advent of technology. Who would have thought that life at sea could have been so tough, when all people do, is talk about the adventure and pleasure of travel that is associated with it. This, she says, is far from true. Carrying cargo from one corner of the earth to the other involved a lot of ...

Management – Maritime Administration

Introduction 3

Benefits and Challenges Associated with Port State Control 5 Port State Control MOU 8 Discussion and Comparison of various existing port State control MOUs 11 MOUs and whether they help strengthen Port State Control or just another layer of bureaucracy 12 Conclusions 14

References 16

Introduction The International Maritime Organization is one of the many branches formed after the birth of the United Nations. It was originally known as the Inter-Governmental Maritime Consultative Organization when it was first established in Geneva in 1948; the International Maritime Organization (IMO) retained that name until 1982 when ...

Literature

There is so much to learn of an industry that has the dubious distinction of being oblivious to the public despite its size. The shipping industry, for all its worth, does not seem to attract the glamour or charisma that airlines have. This is because there are few people traveling by sea these days. The only time people really look seaward is when they plan on going on a cruise. Even then, it is only the luxury cruise liners that are given prominence. I really don’t know whether the following will come as a shock or surprise, but many people ...

The New Dark Age: The collapse of America

The New Dark Age: The collapse of America The United States has had the superiority in various aspects including political influence, military might, wealth and technological advancements compared to other countries in the world. As such, there is an increasing and alarming degree of authority in the United States on the global front. Therefore, supposing the United States collapsed completely, it is suggestible that the collapse could put the world through a period of darkness like after the collapse of the Roman Empire. For instance, the United States is the world’s largest manufacturer. In 2012, the United ...

Answer 1

According to Stearns, the year 1000 CE can be considered as a marker from which globalization can be traced forward. Though no significant changes took place in the particular year itself, it was followed in the coming years by what can be considered as the history of globalization. Many important events had already took place before the year 1000 CE and these intensified their impact over the next centuries. One of the basis of his arguments is that before 1000CE, the factors which influences the lives of people and the social institutions were isolated and not related to each other. ...

Abstract 3

Introduction 4 Shipbrokers Chartering 5 The Ship-broking Market 6 Diverse Industry 6 Dry – Cargo Markets 7 Ship-Owners’ Preference for Shipbrokers 8 Identify carriers for cargoes and cargoes for carriers 8 Information Source 8 Dispute Resolver 9 Conclusion 10 Abstract Shipbrokers have a significant influence on day to day business transactions when it comes to charters and sales and purchase activities in the markets. The ship-owners value the brokers’ capabilities for negotiation, knowledge, and information and their perception in the market. In additional businesses, the luxury-oriented services create goodwill and ...

D.Y.H. Williams, Vice President of Internal Development 31 East River Street, Suite 604

Chicago, IL 60602

Dear Ms. Williams, As requested to in regards to the presentation of a globalization proposal, I am pleased to present to you my research on the effects of globalization on Wal-Mart. I believe that globalization has become a plausible aspect that has re-shaped the business frontier of most businesses. Most specifically, Wal-Mart has enjoyed a remarkable business environment enhanced by globalization. Through globalization, Wal-Mart has sustained effective growth and ventures into various markets. However, it is imperative to note that majority of research undertaken has relied mainly ...

After the Great Wars that shook the status quo in the 1900s up to the late 90s, many believed that peace would no longer be threatened by worldwide conflict. However, this relief had been shattered when a group had decided to attack several key installations of the world’s only superpower on September 11, 2001, returning the fear that was once felt in the time of the Great Wars. With a group known as Al Qaeda taking responsibility over the crime, the US and its allies have declared “The War on Terror” against groups such as Al Qaeda across the globe. ...

1) Come up with a list of at least 10 ideas to replace current shipping technologies - Use of centralized inventory to implement global logistic strategies - Improved ship hull design with better communication gadgets - Automated clearance of materials in the port - Utilizing the newest weather and ocean current information (voyage optimization) - Use of the real time tracking through the use of GPS for easier location of ships and determine arrival time accurately - Selective catalytic reduction by using a catalytic converter that screens out almost 95% of Nitrogen Oxide emissions. ...

Richard D. Fain.

Introduction; Educational and Professional background.

Richard D. Fain, 64, is the current Chief Executive Officer and Chairman of Royal Caribbean Cruises Limited (Hoover's handbook of American business, 2002). The Royal Caribbean Cruises Limited is an international cruise company that operates 38 ships under Azamara Cruises, Royal Caribbean International, Celebrity Cruises, and CDF Croisieres de France. He is also the chairman of the Board of Azamara Club Cruises, Inc (Bobmorris, 2011). Fain joined Royal Caribbean, as an outside director in 1979, and became the Cruises line’s CEO and Chairman, in 1988. Before he joined the company, he had spent 13 ...

Abstract

This company deals with the provision of management, operation, and crewing services for a diversified marine fleet, which consists tanker, container and dry cargo vessels for approximately seventy ships with a capacity of close to 8.0 million deadweight tons (dwt). The company was formed in the year 2010 due to a merger between TST and SHL companies, with an aim of expanding services to third party and to continue technical management of existing TST managed fleet.

List of Abbreviations

CFS – Container Freight Station EU – European Union TST – Tsakos Shipping and Trading SA SHL – Schoeller Holdings Ltd ITM – Institute of Transport Management ...