The Importance Of The Shipping Industry
CHAPTER 1
THE PROBLEM AND ITS BACKGROUND
This chapter contains the introduction, background of study, statement of the problem, significance of the study, conceptual framework, scope and delimitation of the study, and definition of terms.
Introduction
Shipping industry employs thousands of Filipino seafarers dispersed around the globe that contribute to both world and local economies. Filipinos comprise the majority of the world population of seafarers. The Philippines and the Filipino people has been the top choice of foreign ship owners for selection of crew members in manning their ships. 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
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