Some questions on Shpping Essay Example | Topics and Well Written Essays - 750 words

Some questions on Shpping - Essay ExampleThis has made possible the process of outsourcing reach new levels. Now many countries where the manufacturing cost are high have out inaugurationd the manufacture to countries where the cost is relatively low and then re-imported back into the country.And with freight rates being relatively low, now companies source raw materials from one country, export it to an separate country where it is processed and finally sold in another country. This has ca designd the international trade to increase from 0.55bt in 1950 to 4.3bt in 1995 an 8-fold increase.For the transport of crude oil we would use a Crude Oil Tanker such as a ULCC with a capacity of up to 500,000t DWT since we emergency to transport as much crude oil in a single journey as possible due to high demands.For the transport of grains, we would use a Dry hatful Cargo beam such as the handymax or the panamax. They are the roughly sparing to build, and therefore the freight rates offer ed would be low allowing for the commodities to be traded at economical rates.For the domestic air-conditioners, we would use a container ship. ... For the transport of iron ore we can also use a Dry Bulk Cargo ship but with a much higher DWT such as those found on the Capesize. For the domestic air-conditioners, we would use a container ship. The wages offered would be that transport costs would be low the goods can safely stored on board the ship and can easily and quickly be loaded and discharged. 3)How is the comfort of design of the dry bulk carrier relevant to the fact that it carries law nourish cargoA3)Dry Bulk carriers mostly transport cargoes of low value which would have very few specialised needs. This would mean that the design of the Dry Bulk carrier would not require many special additions as compared to other ships which carry specialised cargoes such Crude Oil Tankers or Reefers. This would translate into lower costs in terms of manufacturing, which would mean lo wer investments for the ship owners. This advantage would be seen in that the freight rate of a Dry Bulk Carrier would be a lot lower as compared to a Tanker. And since most of the cargoes transported by these ships are of low values that would mean that the profits would not be as high and therefore the need to transport the goods at economical costs. 4)What are flags of convenience How have they changed over the last decades How have classification societies and IACS influenced their developmentsA4)Flags of convenience is when a ship is registered in one country but is owned by a party present in another country. Under international maritime laws, the country where a ship is registered in determines the regulations to be applied upon the ship irrespective of the country of origin of the ships owner.As many countries have become stricter and labour costs have risen, many ship owners register their ships in