Malaysia is a country surrounding by the ocean and it is no surprise that most of the international trade is done through the maritime transportation. International maritime transportation is the main platform to export and import good and cargo as well as the mobility through the ocean or waterway internationally. According to the statistics, there are 95% of the Malaysia international trade is being carried through the international sea transportation. It is important and has contributing a lot of benefit toward Malaysia, not only in term of economic but also contribute knowledge, investments as well as job opportunity. International maritime transportation has generate tremendous economic benefit to the country.
The merchant fleet was enormous, and had grown to about 2000 seagoing ships. The Dutch shipping could be seen almost everywhere by the middle of the seventeenth century. Comparing to their shipping competitors their new specialized cargo ships, called fluits (flute) could be sailed by smaller crews and they had better cargo-carrying qualities. Together with the fishing fleet, the merchant fleet provided jobs for thousands of seamen directly. It also provided jobs for those who worked in all of the different shore-based activities, with providing the ships with what they needed.
See Hup Group has definitely achieved great economies of scale in logistic industry in Malaysia. See Hup Group had numbers of subsidiaries which there are transportation service division, freight forwarding division, machinery hire and cargo handling division, and property division. It has strengthened its market position through the acquisition of the entire equity stake. Therefore, the threat of new
Armed with the key issues and the long-term objectives in hand we feel that these two tools will put Royal Caribbean Cruises Ltd. on a path to success. Analysis As the economy has evolved over the past few years since the recession of 2009 in which has led to an increased number of guests in the market from 17,216,000 in 2009 to 25,165.425 guests in 2017 (Cruise Market Watch, 2018). With the record amount of annual growth of cruise line guests has increased by 6.65%. The
The Large vessel fleet is growing slowly giving some advantages but also causing some challenges. At present there are more than 160 vessels operating globally able to carry 10,000+ TEU’s. This number will grow in coming years by another well over 100 vessels. As we have seen earlier the largest of these Ultra Large Container vessels (ULC’s) are able to carry more than 20,000 TEU’s. The ULC’s is changing the face of maritime cargo freight industry affecting everything harbours, supply chain, transport infrastructure, support services in various different ways.
Filipino seafarers are known for being hard working, perseverant, and loyal that is why foreign ship owners resort to the Philippines for their crewing needs. Majority of the goods and commodities are transported by enormous ships into the hands of consumers around the globe. These ships move everything from crude oil to refineries, product oils to the markets, crops harvested from distant continent bound to the other, electronics, automobiles, and livestock the list is endless. The importance of the shipping industry’s role in the global economy is undeniably great, it acts as the engines that makes movement possible and the pillar that holds the roofs and the walls of the structure, without it the world economy would simply collapse (Sekimizu, 2015). Work as a seafarer is generally perceived as a rewarding profession, being paid with thousands of dollars while seeing the countries
The tourism and hospitality industry are the largest and fastest growing sectors in Malaysia which contributes to the country’s economic growth and employment opportunities. Tourism industry refers to the activities of people that travel to other places for leisure, religious, business or medical purposes. There are 3 types of tourism, which are inbound tourism, outbound tourism and domestic tourism. As for the hospitality industry, it refers to the business of giving friendly and warm treatment to guests or strangers away from home as a show of welcome such as, providing accommodations, food and beverage or transportations. Tourism and hospitality industry have a great relationship because the industries work hand-in-hand to provide tourists with excellent travel experience.
It has a good port for trading ships sailing to Malacca, Petani, Siam and other (Nicholl, 1975) countries..". Hence, it is became major centres that attracted traders. In Syair Awang Semaun said that "... Bisainya itu tiada berbanding, Di darat rumah bukit menyinding, beratur rumah seberang tebing, tiadalah jauh mengambil aying, mengambil ayer pun kanak-kanak, bukannya ayer di dalam semak, tiada terkena angin dan ombak, ayernya hampir dapat berlumak." which are means Kampong Ayer is the best place to live and to
The entrepot with the flow of goods from Britain and the nations in the route of South Asia and Southeast Asia, from East Indies, China and various parts of the Malay Peninsular. The opening of Suez Canal in 1869 also has contributed to the increasing of the international trade. More ships began to call at Penang which was declared a free port in 1872. The declaration has facilitating unfettered flow of people and goods into and out of Penang. Syahril Akmar (2007) Syahril Akmar,2007 states that “in 1890, some 800 ocean steamers and several thousand smaller craft anchored at Penang.
Tourism and hospitality industry, the service sector of the Indian economy is one of the largest areas. Tourism is a major growth driver in India and is an important source of foreign exchange earnings. The direct contribution to GDP in India region (GDP) per annum during the period 2013-2023 is expected to grow 7.8 per cent. Tourism in India due to the increase in foreign tourist arrivals (FTA) and a large number of Indians traveling to domestic destinations is rich. Domestic tourism increased by 5.1 percent in 2013 and is expected to increase by 8.2 percent this year, the World Travel and Tourism Council (WTTC), according to data available with the revenue earned.