ISSUES AND CHALLENGES OF SHIPPING IN MITIGATING THE ENVIRONMENT POLLUTION Abstract: Life itself arose from the oceans. The ocean is vast, covering 140 million square miles, some 72 per cent of the earth's surface. Not only has the oceans always been a prime source of nourishment for the life it helped generate, but from earliest recorded history it has served for trade and commerce, adventure and discovery. It has kept people apart and brought them together. Humans have always had a close relationship
The Merchant Marine Act of 1920, "The Jones Act", codified the protectionist laws governing shipping in the United States. The Act reflects the priorities of a time when naval warfare was critical and the United States had to cultivate a vibrant merchant marine (Papavizas & Gardner, 2008). Section 27 of the Act governs the transportation of goods between U.S. ports. Section 27 of the Act provides that transporting goods between American ports must be on American-flag ships (Papavizas & Gardner, 2008)
KEY TRENDS SHAPING THE GLOBAL ECONOMY IN GENERAL AND THE SHIPPING INDUSTRY IN SPECIFIC We are living in interesting times where the rate and scale at which change is happening is immense. The impacts of the changes happening today have far reaching impacts than the ones the world has had hitherto. Technology has been the sole enabler in taking the changes to the lower rungs of the society the world over. The underprivileged today have a better scope of having a decent livelihood. The benefits of
the largest industries in the world. It is the most costly and time consuming of the supply chain. Transportation refers to the movement of products and raw materials from one destination to another. This process begins from the supply chain to the shipping of the finished product to the consumer. For we know that products are rarely produced in the same location. We as people depend on transportation because it moves goods and people from one place to another. Transportation is a key element in the
been rendered this criteria must be met before revenue is recognized (Phillps, Luehlfing, & Daily, 2001). In this circumstance delivery or partial delivery has occurred but there is a possibility of the shipments being returned because of the shipping instructions of the customers. There are times when exceptions to these rules do exist, and when that type of circumstance arises there must be clear communication between the external auditors and the finance departments. Next are the Sarbanes-Oxley
Strategy - Individual Assignment With regard to the Meli Marine case (which has been illustrated in class) 1. What are the most significant factors affecting the attractiveness of the container shipping industry? Overview Macro trends affecting attractiveness of shipping industry regards 1. Overcapacity. In the next few years freight rates and margins will be challenged due to overcapacity and required investment to operate with larger ships might not be repaid. 2. Oil prices fluctuations. Government
As a matter of fact there are number of research studies which have highlight on different type of practice the most common use and those types are : 1- Maritime Logistics Maritime industry it plays a very important role in international freight. It provides a cheap and high carrying capacity conveyance for consumers. Maritime is clearly concerned with the transportation of goods and/or passengers between two or more seaports by sea; , Its disadvantage is that it needs longer transport time and
Based on the above case, Roppa Co do not have the rights in case of having difficulty during transit. This is because Roppa Co as a shipper company had followed the duties of shipper which is notice Jerry Ltd. about to ship dangerous goods (a chemical that contained radioactive substances). Under common law, there is a general responsibilities implied into bills of lading for a charter not to transport dangerous goods without any notice or declaration. Where goods are dispatched without notice of
Shipping industry is a huge field that widely expand all over the world. “Almost all international trade in goods is transported by sea. Ocean shipping plays a central and essential role in the world economy and in world trade. In recent years, international trade has become a dominant factor in economic growth for most industrialized countries. Many newly industrialized countries have become so through major trade growth.” (Fearnleys, 1982) However, without our noticed, the increase the technology
The supply chain management is the oversight of materials, information, and finance. As they move in process from supplier to manufacture to wholesaler to retailer. Finally to consumer. Overall supply chain management involves coordination these flows both within and among many different companies from all over the world. In this research paper we will talk about the Saudi Arabian Airlines supply chain management. Specifically in two parts which is the transportation system they have and the warehouses