How to Run a Shipping Business Efficiently and Effectively

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 reasons, the success opportunity in operating a ship is huge. However, operating a ship is also not an easy task.

The logistics of running a ship is too complex. Cost calculations of voyages, loading and unloading of cargo, arranging the crew are all very important and tough to handle. 

However this problem could be solved by ship chartering. Ship chartering involves planning the details of the voyage, including cost calculation of cargo handling. It is also responsible for the safety of the ship, the crew, and the cargo. A ship chartering company makes strategic chartering decisions for higher profit. 

A ship charterer could be of different types. One of them is voyage charter, where a ship is leased for a particular voyage. Another type of charter is time charter where the ship is hired for a fixed time. Another one is a bareboat charter when no maintenance agreement is made. 

You need to contact trustable and experienced ship chartering companies for handling the operations. Orissa Stevedores  is one of the top ten shipping companies in India and has years of experience in ship chartering and has many satisfied existing clients.