Externalities of Shipping

The purpose of this paper is to analyze the economic situation of the company Macedonian Shipping and give a recommendation whether the company should use the motor vessel Tashtego as a freight tender beween Dar-es-Salaam and Zanzibar in East Africa or as a tapioca ship between Balik Papan and Singapore in the East Indies.

Economic activity and our environment have been closely linked since man first discovered the concept of trade. In the language of economics, the environment has itself, become an increasingly “scarce resource1”. Since economics is about managing these scarce resources, it will be a useful tool when considering some of the environmental issues facing our planet. One of the major concerns confronting the environment today is the overfishing of the world’s oceans, depleting some species to near extinction. With continued advances in technological and industrial proficiency, fishing vessels are able to fish across the globe, further exacerbating the effects of overfishing. Because the oceans are considered a shared or common

The purpose of this paper is to analyze the economic situation of the company Macedonian Shipping and give a recommendation whether the company should use the motor vessel Tashtego as a freight tender beween Dar-es-Salaam and Zanzibar in East Africa or as a tapioca ship between Balik Papan and Singapore in the East Indies.

* The cries from environmentalists regarding the damage (pollution of the seas, disorientation of sea mammals caused by the noise of the propellers, etc.) being caused by lines both in port and at sea.

Ship breaking is an iffy topic and could be seen as more of a con more than anything. Ship breaking is dangerous and unhealthy, and is usually done under the radar very unsafely and people are hurting themselves so much just to break the ship and gain a little more money. The people that break the huge ships tend to be people from non-Westernized countries. It is expensive and hard to do safely and properly, so people usually fly under the radar to get cheap laborers to do it. These people subject themselves to extremely unsafe conditions that could harm their health, bodies, and most importantly, their very lives. It is easy to die breaking ships. The pollution is horrid, as the ships aren't usually cleaned and drained of harmful chemicals when it is supposed to be law that they should- as said before, the ship breaking business operates a lot under the legal radar of countries. Plus, little profit is made other than making room for more ships and recycling what we once used. But the recycling is the pro itself here in this huge con. These people who break the ships use almost the entire ship for what they need. The people who break the ships use each little bit to their benefit to try and live better lives that what they already do. People and the world

Transport Canada regulations and standards, under the Canada Shipping Act, 2001 (CSA 2001) and the Arctic Waters Pollution Prevention Act, combined with international conventions and standards established by the International Maritime Organization (IMO), provide the framework for the department’s comprehensive marine safety, pollution prevention, enforcement, and oil spill

The Coast Guard regulations outline equipment and procedures to reduce unnecessary bulk cargo from spilling (USCG). Though these regulations aim at preventing avoidable cargo spills; accidents out of a crew's control can happen. Sometimes a ship in rough water loses part of its cargo as a wave sweeps across an open cargo hold. Others times a ship offloading misses the dock machinery collecting the cargo and some of the cargo spills into the water. Vis versa a ship loading floats away from the dock (because a mooring line breaks) or rocks do to wave action, causing a fuel line to snap. On the other hand a majority of cargo and fuel dumping occurs on purpose. Ships on the Great Lakes cannot allow their dry cargos to mix so the Coast Guard created a policy where a ship's deck must be ‘broom clean’, meaning any cargo remaining on deck after an on/offload considered safe gets washed off the deck (USCG). The Coast Guard believes the practice meets all environmental standards and their intentions mean well, but to no avail. The let down on this practice lies with the shipping companies who take advantage of the Coast Guard. The companies dump toxic materials into the lakes including miscellaneous garbage thrown overboard by crew members and release dirty oil with little thought of consequence (USCG). The Coast Guard does not have the technology available to enforce the

Be that as it may, shipbuilding and ship repair has been an old industry held in the country, which regardless of what many may think, has been important to the initial stages of development for the nation as a whole. As a result, the historical significance of the industry can be assigned to one of the few industries that managed to aid in successfully contributing to the development of the national identity. From this, the shipbuilding industry as a whole must be detailed in order to directly correspond its long-lasting effects through its actions. The initial demand for ships were usually generated by the involvement of other industries, specifically items relating to timber supplies, offshore oil services, fisheries, exportation of natural

Recently the Security Council wants to pass more laws about piracy. Most of these laws are concerning human rights. The pirates are also messing up the vessels courses. This is very hard on crews with passengers because the passengers will get agitated when they cannot go somewhere or see something. This is also hard on captains having to find new routes. On October 24, 2013 the United Nations leader said that the danger level has dropped since 2006.

Per the case, technological developments in ship construction play a role in capacity, as newer ships are bigger, faster, and more fuel efficient, increasing the overall shipping capacity of a fleet. Accordingly the long-term decline in daily hire rates makes sense because technology

Containerization is a system of freight transport that transports trade goods from ports to ports. This system is based on a range of steel intermodal containers (also "shipping containers").These containers are built to standardized dimensions and can be loaded and unloaded, stacked, transported efficiently over long distances, and transferred from one mode of transport to another. Thus, it provided an economic way to ship 90% of the world trade goods across the globe and as a result has benefited society in providing for a truly open market to buy and sell goods. Cebu is home to national and international corporations whose trading hub is centered in the international port (cargo

The selected business functions that outsource to a third party has become a common practice in the corporate world. The function of logistics is often to outsourced and providing logistics service companies have evolved into providing a vast range of logistics functions including inventory management, transportation services and warehousing services. The companies which provides logistics services on contract to other companies are known as Third Party Logistics Providers ( 3PLs).

Air freight market is not stable and might be weak because of uncertain international trade increase (Barnard,2015). There was fluctuation in air cargo demand over the last 10 years from 2006 to 2016 which indicates that cargo demand could be changed by some external and internal influences. Some figures were released about worldwide air freight market and presented that air cargo capacity increased 2.2%, comparing to 2014. While this was the 5% growth calculated by The International Air Transport Association (IATA), the growth of cargo volumes in 2015 was much slower than 2014(Barnard, 2015). However, some experts pointed out that global air freight market get a positive growth from 2011, and it is enjoying a relatively steady growth, due to the enhanced trade and economic recovery after the global financial crisis of 2008(Huang,2016). Because of sluggish world trade growth, air cargo suppliers face a lot of challenges including alternative transportation, perspective uncertainty and unexpected policy and here are some potential solutions: improving customers service, efficiency, security and reducing negative environmental impacts.

Every firm would love to invest in shipping industry due to large profits involved. However this would seem easy but practically it is lot more difficult and virtually impossible to establish in container line business. The problem pertains to large capital investments in form of vessel and container procurements and risk of operating vessels. Even if we take the examples of biggest companies

According to Waters (2010) water transport has not been used to it’s full potential therefore there has been a decline in sea transport, this is due to the lack of proper terminals. But according to Harrison & Fichtinger (2013) containerised ocean transport has become the lifeline of nearly all global supply chain, because of the increased amount of global processes, outsourcing and offshoring. Mason & Nair (2013) states that today, there are more than 80% of world trade by sea, such as raw materials and manufacturing outputs are carried inter-regionally around the globe.