Ship Building Trend – by Oladokun Sulaiman – Oladok12@yahoo.com

Effects — September 1, 2010 at 22:00

Ship Building Trend – by Oladokun Sulaiman – Oladok12@yahoo.com

  

 

Introduction

 

Shipping is not a primary industry in the sense of agriculture or mining, nor a secondary industry in the sense of steel or chemical production. It is a tertiary or service industry that responds to the needs of the shipping public. As such of that, shipping represents the investment of billions of dollars individual, corporate, commercial and government itself.

 

From that, the major function of the shipping industry is to close the physical gap between trading nations by allowing the exchange of extra commodities. This activity is performed worldwide and links all parts of the globe in a network of routes, some of which are highly developed and heavily trafficked. Others used occasionally at certain times of the years. So, water borne transport is the cheapest means of moving large quantities of any commodity over long distance although it is in the main far slower than other forms of transport.

 

Owners do more than respond to the signals of the market. They continually assess the future needs of shippers and charterers investing their resources in terms of manpower and capital, in new ship design, technological improvement and additional ship capacity, realizing profits if they a re right and losses if they are wrong.

 

Lowering the cost of transportation since World War II has encouraged the specialization of industrial output by shifts in the comparative price advantage of domestic and foreign produced goods and has opened remote sources of raw material. World economies have never been as integrated as they are now. Trade is the most powerful binding force in a world filled with incompatible political

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Tags: Building, Oladok12@yahoo.com, Oladokun, Ship, Sulaiman, Trend