(Lun, Lai & Cheng 2010).The structure of the shipping market is somewhat unique yet similar to that of the other markets where commodities are sold or bought on one platform. This structure is shaped by various factors such as the supply of service being offered, the type of product, the number of operators, the entry and exit
Furthermore, based on the September 2008 CBO forecast, 500,000 further foreclosures began during the critical phase of the economic crisis than were expected. Moreover, during the period from July 2008 to March 2009, the U.S. lost $7.4 trillion in stock wealth. Jobs, on the other hand, were affected by the slow economic growth. 5.5 million more American jobs were lost during the economic slump than what was expected by the September 2008 CBO forecast. In 2007, the unemployment rate was 5 per cent.
Several years ago, global economy has gone through a tough time, like financial crisis in year 2008. The economy is continuing recovering and growing. The economy of USA and other developed countries are moderately going up. It is attractive for foreign investors. The USA has found the potential markets are also emerging, such as China and India etc.
” Besides, the economic crisis of the great depression, this time is hard. This recession is starting with the fall in agricultural prices. United States forced down the prices of all basic agricultural grains, agricultural recession due to the financial meltdown worsened, a speculative fever leads to large amounts of money back from Europe, followed by the Wall Street stock market crash of October 1929 there were scary. No market will result in plant closures, fewer goods, less cargo； It would endanger shipping and shipbuilding. Consequences of the economic recession are the United States 13.7 million, much unemployment.
The economy plummeted and everyone felt the effects of it .The severe downfall of the American economy in the 1930’s known as the Great Depression was the result of speculation and installment buying, income maldistribution, and overproduction throughout America. After the roaring 20’s, speculation and installment buying drastically increased
In the first decade of the century, Brazil benefitted from strong demand – particularly from China – for some of its key export commodities (e.g. iron ore, soybeans and raw sugar). Supported by positive terms of trade effects, Brazil’s annual GDP growth rate averaged 3.1% over this period. Since the fall in commodity prices in 2011 during the economic recession(see graph 4), these terms of trade effects have reversed. With Brazil in an strong situation to weather a recession prior to the decrease in price of their main exported goods, based on the data their good situation then was not a strong enough buffer alone to prevent their real GDP growth from declining below negative ranges.
However, the US faced considerably less decline in demand rather than Japan. After acceleration of financial crisis, the yen appreciated rapidly. Thus, this appreciation was one of the reasons lowered net exports, Japanese economy shrank %12.4 in the October-December period in annualized terms, and then experienced %15 drop in the following three months,far worse than
As a person providing shipbroking service, you may have to work in tandem with various transportation modes such as airlines, cargo trucking terminals, etc. Such work demands a minimum knowledge of the business and most importantly a sound grounding in the various transactions and business procedures involved in the main function of ship sale and purchase. It also involves determining routes, preparing paperwork and arranging requisite documents for the deal. It is recommended that you take up a professional training course specialized enough to provide you the needed knowledge in running a shipbroking company. Copycat a Working System Whether you are just starting out or already in the shipbroking business, stay on the lookout for good, working ideas around you that others, in a similar line of business, are utilizing with effective results.
How the Maritime Logistic Organized: 2.1. Global Supply Chain of Textile Supply Chain The Logistic Chain for Clothes, from the beginning until they end up at the consumers, contains four basic stages. From the fibers production to textiles and then from the production of the final product (clothes) to retailers and finally, consumers. Each stage contains a lot of players and has a very wide geographical spread, but it is crucial because it adds value to the final product (Verma,
SHORTAGE OF SKILLED MANPOWER As ships expand in size, there is a requirement of efficient equipment to load and unload cargo. Skilled manpower is very much needed in operating these sophisticated equipments. Now shortage of manpower leads to decrease in efficiency and optimal results are not achieved. Even though there have been several moves to setup institutes to train the manpower, the requirement has become significant with the privatisation picking up. GDP/TRADE