Ballast - (a) the material (usually water in ballast tanks) used to stabilise a vessel when partially loaded or empty‚ (b) In Ballast - term to describe vessel sailing empty to next loading port. BENDS - Abbreviation for ’both ends’. Used when any loading and discharging term for a vessel is the same for both loading and discharging operations. BFI - Baltic Freight Index - an index reflecting a composite number of routes‚ issued on a daily basis. BIFFEX - Baltic International Freight Futures Exchange
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Porter Five force Model The shipping industry is nowadays a contestable business especially for the container business which occupies more than 80% of the international trade. Therefore‚ it is better to 1) examine the intensity of competition in the industry and hence 2) industry profitability since competition can drive down the rate of return‚ so it is easier to investigate the way to formulate thee competitive strategy in this industry. Therefore‚ the company can 3) identify the position in the
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How Freight Shipping Services reduce major moving and transport complications Companies having common cargo loads may experience the requirement for faster consignment delivery. Many services have been designed for meeting the emergency shipments requirements as time plays a crucial role for moving and transport services. The clients and facilities may require shipping with extreme care and speed to continue with operations and meet end customer demands. As any company expands operations to
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Cruise Shipping in Jamaica According to Greekwise.com (N/A)‚ a cruise ship is a passenger ship used for vacations or pleasure trips‚ they are usually very large and are able to accommodate hundreds to thousands of people. This all depends on the size of the ship. These ships generally make round-trips‚ returning to their first port of departure after a certain number of days at sea. Cruise ships make stops at various ports‚ where passengers are allowed to leave the ships and explore as they wish
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The Introduction of Shipping Containers Until the 1960s‚ shipping had not changed much in decades. Handling cargo was a labor-intensive activity‚ and transportation costs and times—whether by land or by sea—were huge obstacles to trade‚ often making transcontinental‚ let alone global‚ and trade economically unfeasible. However something happened that changed that. That was the invention of the shipping container. The birth of the shipping container dates back to April 26‚ 1956 when a crane lifted
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business. 3. High price of ram material. 4. Difficulty of replacing hardworking and loyal existing employee. II. Objectives 1. To keep the company of its current standing in the market in the future. 2. To develop new parts and products that will compete on new trends of shipping products. 3. To find other target market that will increase its market share. 4. To train and develop highly skilled worker at an earlier time to replace the retiring workforce. III. Analysis and Methodology The
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and a person’s maximum willingness to pay for the product and the net profit and benefit he will receive from the transaction. Question 2A Which variables (in the dataset or not) do you expect to have a significant impact on the demand for shipping? Do you expect these variables to have a positive or negative effect? Do you expect a small or large effect? Capacity - Carrying capacity of the inland ship in tones This variable has a positive effect on the demand function. A larger capacity
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Rachel Darrough Finance 431 9/17/12 Economy Shipping Company (Abridged) – Case #5 Spring of 1950‚ Economy Shipping Company in Pittsburgh was deciding to repair‚ the Conway‚ one of their steam riverboats or to just replace it with a new diesel-powered boat. Currently all the boats owned by Economy were steam-powered and were at least 10 years old‚ majority being 15-30 years old. The Conway was 23 years old and was in dire need of renovation or replacement. The best recommendation I have to offer
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| | |1 |Critically assess the key drivers of the Shipping Industry. |1 | | | | | |2 |To what extent are firms in the Shipping Industry likely to achieve what Hitt et al.‚ |6 | | |describes
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Mr. Romulo Bernas‚ a staff assistant in Prime Shipping Inc.‚ who earns a salary enough to support his family. He is directly reporting to the manager but his position in the company and its description is yet to be determined. He works with Mr. Jose Narciso who was a former member of the NPA and now works as a bodyguard for a politician who is connected to the Bureau of Customs (BOC). Mr. Bernas has been given several credits for his work. As such‚ he was assigned to provide some order and
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