Some questions on Shpping Essay Example | Topics and Well Written Essays - 750 words

Some questions on Shpping - Essay ExampleThis has made possible the transition of outsourcing reach new levels. Now many countries where the manufacturing costs are high drop out mentiond the manufacture to countries where the cost is relatively low and then re-imported back into the country.And with freight rates being relatively low, now companies source raw materials from one country, export it to other country where it is processed and finally sold in other country. This has caused the international trade to increase from 0.55bt in 1950 to 4.3bt in 1995 an 8-fold increase.For the transport of crude oil we would use a Crude oil color Tanker such as a ULCC with a capacity of up to 500,000t DWT since we deprivation to transport as much crude oil in a single journey as possible due to high demands.For the transport of grains, we would use a Dry Bulk Cargo transfer such as the handymax or the panamax. They are the most sparing to build, and therefore the freight rates offere d would be low allowing for the commodities to be traded at economical rates.For the domestic air-conditioners, we would use a container transmit. ... For the transport of iron ore we screwing also use a Dry Bulk Cargo ship but with a much higher DWT such as those found on the Capesize. For the domestic air-conditioners, we would use a container ship. The benefit offered would be that transport costs would be low the goods crowd out safely stored on board the ship and can easily and quickly be loaded and discharged. 3)How is the simplicity of design of the dry bulk carrier relevant to the fact that it carries law quantify cargoA3)Dry Bulk carriers mostly transport cargoes of low value which would have very few specialised needs. This would cockeyed that the design of the Dry Bulk carrier would not require many special additions as compared to other ships which carry specialised cargoes such Crude Oil Tankers or Reefers. This would translate into lower costs in terms of manufac turing, which would mean lower investments for the ship owners. This advantage would be seen in that the freight rate of a Dry Bulk Carrier would be a lot lower as compared to a Tanker. And since most of the cargoes transported by these ships are of low values that would mean that the profits would not be as high and therefore the need to transport the goods at economical costs. 4)What are flags of convenience How have they changed over the last decades How have classification societies and IACS influenced their developmentsA4)Flags of convenience is when a ship is registered in one country but is owned by a party present in another country. Under international maritime laws, the country where a ship is registered in determines the regulations to be applied upon the ship irrespective of the country of origin of the ships owner.As many countries have become stricter and labour costs have risen, many ship owners register their ships in