The Maritime Industry

Paper Summary:

This paper focuses on the impact of economics and its effects on the maritime industry. As with all industries, the maritime industry has experienced some changes due to the changes in the economy. The paper discusses these changes, which include changes in port fees, the number of ports needed around the world, how to handle oil spills and their cost, new regulations on the size of ships allowed in certain ports, and security issues.

From the Paper:

"The shipping industry as a whole is facing rising costs for doing business and more stringent regulations than ever before, mostly because of the rising cost of fuel. Not to mention, the rising cost of equipment to control pollution and others to prevent oil spills. The industry's reputation has been blighted by some of the negative press that has circulated over the years about oil spills and the destruction of the environment. Ship managers are feeling the squeeze to try and keep costs under control while meeting all of the new regulations for environmentally friendly engines and fuel. More pressure is being placed on the industry to use lower sulfur fuels which may save the environment but cost the shipping owners more of their profit."

More papers on The Maritime Industry:

• Essay # 65710 : "E-Commerce and the Maritime Industry"
• Essay # 24561 : "Maritime Industry"
• Argumentative Essay # 102724 : "Development in Maritime Canada"

APA Citation:

MLA Citation: