Posts

Showing posts from January, 2022

How to Make Your Shipping Business More Profitable

Image
Shipping is a very popular and competitive industry and makes huge profits while carrying cargo between ports. But when a ship is sitting idle alongside a port, it adds extra costs to the overall operation. This costs brings down the overall profit of the ship. To avoid any extra costs, shipowners could hire a company which provides stevedores work in Vizag Port . Shipping is the lifeline of international trade. Majority of the goods are being transported around the world using cargo ships travelling through the seas and oceans. No country is entirely self-sufficient, and every country relies on maritime trade to sell what it has and buy what it needs. Hence, the cargo ship business is very lucrative, sustainable and profitable. But running a ship is very complex and faces many logistical problems. One of the most common logistical problems is the loading and unloading of the cargo. The loading and unloading of cargo is very critical but also consumes precious time. Alongside the loadi

How a Nation Should Benefit from Ship Chartering? - Here are Your Answers

Image
The shipping industry is continually changing and adapting to meet the needs of the commercial marketplace, so that it can become more competitive and cost-effective. It is a huge and complex industry, which is constantly being affected by global trends. In this industry ship chartering  is an important agreement where a shipowner agrees to rent out his ship to a cargo owner to move cargoes from one place to another. Hence this refers to the rental contracts for agreements that allow for the rental of a ship to move cargoes. In this process the shipowner is defined as a legal entity officially registered as the legal owner of the ship and the charterer will be defined as the company which hires the ships for transporting the cargoes. There is a huge list of shipping companies in India , and more or less every company one of them is known for ship chartering works. In simple words, this is nothing other than renting or leasing. The ship chartering can be carried out in different ways. T

Build an Economically Efficient Shipping Business

Image
Shipping is a hugely profitable business. It makes huge profits when it is carrying cargo between ports. But when a ship is sitting idle alongside a port, it costs the owner a lot of money. This costs brings down the overall profit of the ship. To avoid these costs, many ship owners hire the best stevedoring companies in India . A huge amount of goods are transported around the world every year. Majority of these goods that people use or consume are being transported in cargo ships travelling through the seas and oceans. Hence, the cargo ship business is very lucrative, sustainable and profitable. But the logistics of running a ship has many components. One of the most important components of these logistics is the loading and unloading of the cargo. The loading and unloading of cargo is very critical but also consumes precious time. Alongside the loading and unloading of cargo, there are many other crucial tasks to do in the port, that includes various dockside functions. And all of t

How to Run a Shipping Business Efficiently and Effectively

Image
Every year huge amounts of goods are transported around the world. Majority of these goods that people use or consume are being transported in ships through the vast blue ocean. There is a list of shipping companies in India currently operating and transporting goods throughout the world.  Marine transport is the backbone of global trade and the lifeline of the global economy. From toys to foods, and from clothing to electronics, every good in the world needs to be transported from producers to consumers. And ships transport the majority of them. It accounts for more than 80 percent of world trade by volume and over 70 percent of world trade by value. The amount of marine trade doubled from the period between 1990 and 2020. In 2020 the volume of marine trade was estimated to be around 11 billion tons. An estimated value of the shipping industry is said to be more than 1.5 trillion US Dollar and is expected to grow more than 2 trillion US Dollar in the next few years.  For all these re