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Maritime Economics: Container Shipping Market, Canal Expansion, and Emission Regulations

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Added on  2019-09-16

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This paper discusses the container shipping market, canal expansion, and emission regulations in the context of maritime economics. It provides insights into the challenges faced by the container shipping market and suggests ways to improve its efficiency. It also examines the impact of the canal expansion on the US ports and infrastructure. Finally, it discusses the regulations related to emission reduction and their impact on the shipping industry.

Maritime Economics: Container Shipping Market, Canal Expansion, and Emission Regulations

   Added on 2019-09-16

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Running Head: Maritime EconomicsQuestion And Answer
Maritime Economics: Container Shipping Market, Canal Expansion, and Emission Regulations_1
Maritime Economics1Table of ContentsQuestion1:........................................................................................................................................2Question 2:.......................................................................................................................................4Question 3:.......................................................................................................................................7Conclusion:......................................................................................................................................9References......................................................................................................................................11
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Maritime Economics2In this present paper, we will discuss the question and answer related to the maritime economics and the questions all related to the freight rate, cargo shipping, and the container shipping market.Question1: One of the famous container shipping markets is not that much fruitful since five years. The things are getting the worse day - by-day and the earnings are quite fluctuating, and the several factors are responsible for this. (Grammenos Costas et al. 2013) We can't blame one factor for this there are so many factors that adversely affect the demand and supply of the container shipping market. This industry assumes the good times, and now they are going through very difficult time. It also assumes the untenable increase in the demand. But now the problem is that people thing that it is not that much required. (Nguyen, Hong-Oanh, et al. 2016 )These problems which container shipping market are facing are actual and compelling, and these problems cannot be solved by one company. Buried below is one of the challenges thatare faced by the container shipping market. The networking, operations and commercial are the further challenges that are really crucial for the container shipping market .We can take an example of sales that sometimes carriers confused with the charges that are received by the customers, and sometimes they get failed in asking for the premium of the services in which the shippers need to pay the more. (Nguyen, Hong-Oanh, et al. 2016 ) In fuel, there is more of consumption than to the requirement. In the operations, they just follow the routes that cost to thecontainer shipping market. In the networking system, the uses the outdated models and they just don't use the powerful methods such as algorithms to reduce the cost. Using the new innovations,initiatives and creativity model help the company to drag the maximum profit and increase their market to 10-20%.
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Maritime Economics3The following steps can be taken in order to boost up the sales and bring the container shipping market back to their profit which is as follows: Boost up the commercial system: First of all, there is an urgent need to ship from the cost-plus approach to the value creating things and the container shipping should emphasize on the paying all the lines, and they should provide the best services. They should go for the comprehensive commercial programs that are to focus from the beginning to the end and help in bringing the best management things and also work on the good quality.Making the operation activity stronger : We should focus greatly on the operations part, and they should be under the great control of the carrier .They will prove to be one of the best sources that will help in both the periods whether it is profit generating or not. An urgent need to bring the bunker management and it will help in creating the savings too. Moving to the procurement part and the consumption should be reduced. We should also focus on the utilization of the assets. Proper utilization of the assets should be used. Better networking and fleet services: There is an urgent need for the networking and the fleet services. There should be two moves that help them to increase by 6 to 12 % andgetting better .There are two options that are lease and the owning, but we go for the leasing . Although leasing provides us the flexibility benefits sometimes it cost much higher and increases the cost. Shippers should make bold decisions regarding the deliverythat is to do directly or making the interim hub. Leading lines help in solving the biggest challenges and resolving these biggest conflicts.Building the cross team functions: There is a huge requirement of building the strong cross-team functions, and it will help in building the best decisions and also works on the
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