The Shipping Industry

Paper Summary:

The paper looks at several studies of the shipping industry that use the Greek shipping industry as a representative of the whole industry. The paper shows how the impetus for major changes today is economic, with a desire to cut costs and improve efficiency at the same time. The paper predicts that this trend will continue so long as charter shipping in all its forms continues to lower costs. The paper discusses the pressure for using third party management and outsourcing and concludes that these strategies may increase in the future as they become vital for a company's competitive advantage. The paper includes tables and diagrams.

Outline:
Introduction
Methodology
Review of Literature
The Greek Shipping Industry
Ship Management
History
Legal Environment
Examples
Information Technology
Summary and Conclusion

From the Paper:

"The shipping industry has a long history, but the nature of the business changes over that history. It has been changing in recent years because of the pressures for change caused by internationalization, globalization, technological advances, economic shifts in different parts of the world, and so on. Where the tradition has been for companies to sail their own ships, carrying cargo for a fee, more and more companies are finding different ways to accomplish the same business, such as by chartering vessels for the job at hand, or having other companies handle the procedures as a form of third-party management, or some other approach to cut costs, reduce risk, and yet increase business all at the same time. The changes in the global marketplace can mean bringing in more and more local players who can handle some of the difficult tasks involved in working through the bureaucracy, while chartering for shipping can involve more experienced people for certain specific runs."

Sample of Sources Used:

• Agrawal, M.K. & Pak, M.H., 2001, Getting Smart about Supply Chain Management. The McKinsey Quarterly, p. 22.
• Bradshaw, R., 2002, August, Keeping the Supply Chain Fluid, Chain Store Age 78(8)(August 2002), 178.
• Brooks, M.R., 1996, Competition in liner shipping: Are national policies appropriate?, Halifax, Canada: Dalhousie University, unpublished paper.
• Choi, C.J. & Grammenos, C.T., 1999, The Greek shipping industry: Regulatory change and evolving organizational forms, International Studies of Management & Organization, Volume 29, Issue 1, 34.
• Chrystal, E.A. & Lipsey, R.G., 1997, Economics for Business and Management, Oxford, Oxford University Press.

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