Question

State the problem faced by Indian shipping

Answer 1

There are a few major problems the shipping industry is facing;

Vessel size - Vessels are getting bigger and bigger, the largest caring 22,000 TEUs! (1 x 20ft container = 1 TEU - 1 40ft container = 2 TEU). Whilst this sounds like a good idea, ports are struggling to keep up and and the largest of vessels cannot call into many ports.

Economies - hat UK exports then become very cheap to stop surplus empty containers sitting in storage yarDepending on the trade, many shipping lines run at a loss! For example, due to weaker GBP, the UK currently IMPORTS 3 containers for every 1 EXPORT (used to: be 61). this means tds.

Hanjin Shipping -  shipping was founded in 1977 but in February 2017 was declared bankrupt. WhilHanjnst this happens to many companies around the world, Hanjin was unique for a number of reasons. They had over 20 container ships on the water carrying cargo that they did not own. Ports around the world would not allow the vessels to dock into their ports over fears that Hanjin would not pay the port fees.

Alliances -Most of top shipping lines in the world have formed alliances to ensure that the Hanjinident does not happen again;

Answer 2

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There are a few major problems the shipping industry is facing; Vessel size - Vessels are getting bigger and bigger, the largest caring 22,000 TEUs! ... Economies - hat UK exports then become very cheap to stop surplus empty containers sitting in storage yarDepending on the trade, many shipping lines run at a loss!