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Showing posts from July, 2021

THE IMPORTANCE OF THE MARITIME TRADE IN THE WORLD ECONOMY.

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  THE IMPORTANCE OF THE MARITIME TRADE IN THE WORLD ECONOMY.     Prepared by: Ashan Silva AFNI(UK), CMILT (UK), ACIM (UK) Ex. MSc (Strategic Marketing), Ex. MBA, MBA, Reading for DBA     As explained by maritime world, if the world is the heart ships are the arteries of it. Around 42% of the export & 35% of the import merchandise volumes movements are happening through sea route for developed and transition economies in the world. Without such movements half of the world will starve. So, maritime sector playing a vital role in those economies. The growth of the maritime trade decelerated in all segment in year 2019.                 The volume of trade moving by sea is about 90% of the trade. According to the statistics roughly we are served by over 98,140 ships by early 2020 (of 100 GRT and above). Out of which largest portions are ...

Why you should have a quality shipping agent when your vessel calling international ports

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  Prepared by: Ashan Silva AFNI (UK), CMILT (UK), ACIM (UK),                                    Ex. MSc (Strategic Marketing), Ex. MBA, MBA, Reading for DBA The main role of the ship agent is to represent the interest of ship owners, operators, or charterers when the vessel approach to respective port. Captain is not much aware about the local conditions so, he himself can’t perform all bureaucratic operations alone. Hence, he needs some assistance from a specialized person called local agent who is well familiar to local conditions, rules, regulations, procedures, processes, etc. Such agent should be able to represent said vessel owners, operators, charters, effectively and efficiently since the shipping company doesn’t have its own office in that port. As a result, When the shipping company secured their voyage towards a particular port, they are nominating their agent to that port to ...

WHY Frequent accidents reporting at sea

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Prepared by: Ashan Silva AFNI (UK), CMILT (UK), ACIM (UK), Ex. MSc (Strategic Marketing), Ex. MBA, MBA, Reading for DBA           Maritime industry is showing various kinds of accidents in the recent pass. Society is really concern about those incidents because it’s creating various bottlenecks to their wellbeing lifestyle. Experts identified various factors contributing to those accidents. Poorly performing flag states became one of the major and condition of the seafarer who is working on board is also became another significant issue in this. Means when seafarers stress levels increased due to their living and working conditions deteriorates on-board vessels. Some of such conditions are as Modern ships with latest technology, due to short port stay and sign off issues prolonged stays at sea, Rapid climate changes, tight accommodations, exposure to excessive noise levels / vibration and heat, Family (isolation) and financial issues,...

WORLD MARINE GREEN CONCEPT AND SUSTAINABILITY IN SHIPPING.

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        Prepared by: Ashan Silva AFNI (UK), CMILT (UK), ACIM (UK), Ex. MSc (Strategic Marketing), Ex. MBA, MBA, Reading for DBA   There are various recommended ways to achieve this green concept in shipping and marine industry. Some of them are as follows, 1.          Slow or economical speed will increase the fuel efficiency. 2.          Alternate Fuel for Propulsion (e.g., LNG) 3.          Maximizing the propeller efficiency through systems like speed Nozzles to Save Fuel 4.          Anti-Fouling Hull Paint to minimize the resistance and enhance the fuel efficiency. 5.          By introducing efficient Steering Gear systems will enhance the fuel efficiency.    6.          Using all mea...