In This Maersk Triple E vessels ,There are some significant factors that contributing the building of Maersk Triple E.
1. To maximizing the revenue of Maersk in containerization business… Søren Skou is the CEO of Maersk Line, which is the largest container Shipping company and the flagship company of the Danish conglomerate A.P Møller – Maersk Group. He was taking the responsibilities in commanding Maersk in challenging time, slow global economy flows bring the rates of containers low. While the fuel price still at higher level. In some trade lane , some other containerize companies including Maersk itself doesn’t meet the cost of deploying its large and expensive container ship.
Figure 1.1 There are 3 largest cost for most Shipping companies , terminal cost, vessel cost and fuel cost. This cost if combine altogether will make 75% costs.
A) Terminal Cost Every container was handled 3-4 times at the terminals per journey and each terminal , the operators had to pay fixed fee to dock the vessel, per container for load and unloading also storing on land until being sent to another vessel. Each seaport run by local authority while the terminal were run by private operator. The containers terminal operators dominates the market by 4 global portfolio with combinesharing almost 30%. While others are largely single location operators.
Figure 1.2
B) Vessel cost. The
Apart from the 4 factors ship type, DWT, ship age and gears, there are a couple of other factors which affect the ship price. They are
containers, and Danaos Shipping owned and leased shipping vessels without operating them. Pureplay freight forwarders such as Expeditors or Schcnker fulfilled a sales and marketing function
The Maersk Group had originally started out as a small size Danish business family, but has, throughout the years, become a publicly traded world conglomerate. Throughout its years of operation, the company had been acknowledged as a quality employer and proof in this sense has been represented by the low employee turnover rate in the firm.
Lastly, an alternative that can be taken is to build relationships with various large companies with employees who make an income in the target range and make offers to company executives. This method would not downplay the company image because Cunard would be communicating directly with high-income executives and furthermore will not be making any public sales or advertisements. This method would create new potential customers who are directly in the target market of choice using the method of relationship building. This may also result in additional customer retention. This method can be used for both the four and five star ships. In order to attract the target market of the five star ships, Cunard can make an arrangement with a company to offer a deal with their luxury ships as part of a retirement plan.
Container shipping account about 90% of exported goods total volumes. Airplanes can be used but they have lower capacity and higher costs
4.Why Meli Marine choose to deepen its vessel operations rather than developing the container shipping value chain?
Wouldn’t it be fun to ride a torpedo, or drive a nuclear reactor around underwater? In this research paper I am going to illustrate the ingenius submarine. The submarine is one of the most important strategic and tactical weapons systems of the 20th Century, and this importance will increase in the 21st Century. The tiny, leaking, creaking, and unsafe submarine boats of the 1890’s, displacing under two hundred tons and carrying a handful of men and a few torpedoes have grown into massive, sophisticated and deadly weapons systems.
Based on the interviews results (Appendix E) we had gathered, 80% of the respondents believe that the current shipping market is now in its recovery from the longest downturn in three decades in the shipping industry. It is largely due to the cause of overcapacity of ships in the market that have depressed freight rates since the end of a shipping boom in 2008 (Shipping Industry sees an end to five-year downturn, 2014). The current recovery seem to be fragile in Europe, though it is gaining traction in the US and UK, while emerging market is showing signs of slow growth (Howard, 2014). All the main shipping segments remain heavy on the supply side, causing great volatility in freight rates (Figure 10). Fortunately, the industry has now improved its ability to apply counter-balancing measures that had
Shipping is one of the best examples of generators of externalities. There is a range of externalities involved in shipping such as water, noise, air, congestion, death and injury. The economics of maritime safety and environment specialises in studying the relationship between the economic system and the maritime safety and environment system and the way the two systems interact. Such a study aims at achieving a balance between the objectives of the two systmems. In order to face these externalities and reduce them to the minimum, so as they do not affect the environment, is important to produce such proposals for economic policies for the maritime sector. It is essential especially for a chairman or a chairwoman of Global Commission on
The shipping company serves 170 shipping lines operating on every one of the world’s seas. Its fleet consists of 467 vessels each having different dimensions and purposes with capacities ranging from 133 up to 17,722 (Twenty Foot Equivalent Unit) TEUs. Their purpose is to deliver reliant, on demand, and competitive service to customers and enterprises.
HPH has one of the most technology-intensive commercial operations in the transport industry today, and this is one of the success factors. Currently HPH operates 52 ports in 26 countries (Hutchison Port Holding, 2015). It is of vital importance that company is investing in port modarnisation, for example is the Barcelona Europe South Terminal (BEST). HPH strengthens its relationship with Barcelona, making an investment of 150 million Euros in the expansion of the container terminal BEST, which will allows the port of Barcelona to become one of the major container hubs in the Mediterranean region. HPH aim was to build the port of Barcelona as one of the most modern container terminals in Europe and the result exceeded all expectations: the capacity of the terminal is one of the highest in the world (Revistarusa, 2015). Also In May 2007, a consortium of companies HPH and Turkish Global Yatirim Holding, EIB Limas received concession rights terminals operating in the Turkish port of Izmir. In August
Shipping containers have been used for many years and they have a fascinating history. Their main purpose of to be used is cargo and exporting mostly by ships. However it is their role as secure and cheap storage units that led shipping containers to become familiar objects seen everywhere from residential
A port is defined as an area on both land and water, whether on the sea or river, that provides facilities for shipping vessels to load and unload their cargo. This area, contained within 'port limits', will have been established over years of increasing or declining trade patterns and therefore is defined as the 'human set limits'. There may be several harbors and/or terminals within the port limits. While a terminal is defined as a single man-made facility that may have several berths, that handles vessels and possibly more than one type of vessel or cargo.
The operation of liner ships is between 2 ports or between region. The liner ships will sail on schedule no matter the cargo is full or not. In addition, the punctuality depart and arrival date to the determined port is important because the image and prestige of company will be declined if they are not reach the destination port on time. The punctuality of liner ships is to improve the efficiency and overall transit time and confirm the cargo can be sent to the destination port on time. The liner ships also considered as the common carrier or public carrier because it required by law to accept without any discrimination. The liner ships require the minimum quantity of cargo must be presented by shippers to move to other places or
The Maersk shipping line is the world’s first largest container shipping company. The Maersk line is a private shipping company founded in 1928 by Arnold Peter Moller and known for reliable flexible and eco efficient services. It is a customer focused company. The corporate office is located at Copenhagen, Denmark. It serves customers through 375 offices in 116 countries employing 7100 seafarers and 25,500 land based employees. It has a fleet of 610 vessels with a capacity of 2,933,081 TEU’s. Maersk line is consisting a share of 15.2% of world containerization. It has 59000 customers across the world. It carries 11 million full capacity containers annually and covers almost all the ports in the world.