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Swot Analysis Of Shipping

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Introduction Shipping is one of the essential and fundamental means for transporting any merchandise worldwide. Transport of goods in the shipping industry is segment into three sections – bulk carriers, containers and specialized cargo. The shipping industry is an important key element in the economic growth chain and globalization process, bringing countries closer together. A sustainable and viable shipping industry will improve and enhance the imports and exports in the country. Wilh. WIlhelmsen In 1861 Mr. Mortin Wilhelm Wilhelmsen has established Wilh. Wilhelmsen. With over 150 years of history this company has managed to address the changes and demand the shipping industry was required to make and expound from an old-style shipping …show more content…

The attractiveness is the overall profitability of the industry whilst unattractiveness drives down profitability. Thus using this model, it implies that profitability or the return is a constant integer, across firms and industries; however various studies established that different industries have different levels of profitability due to their diverse structure and circumstances they operate in. The model can also be utilized to develop an edge over competitors and rudimentarily for identifying a niche whether it is potentially feasible to manufacture new products, services or open new …show more content…

All customers are able to exert pressure to push down prices, or increase the required quality for the same price, therefore reduce revenues in the industry. Ship Service business is based on two main core factors price and quality of service. Price refers to services that can be performed on request such as crew medical assistance, cash to master, vessel boarding etc. Another factor service refers to processing of documents, bill of lading etc. It is rather difficult for customers to get better quality of service than getting competitive rates. Nowadays technology can play a major role and only few companies are trying to change and introduce new updated software in their day-to-day business such as e-processing of shipping documents and data entry. WSS is so technologically advanced in this field, that all its data processing is being done electronically and customers are able to access all information relevant to shipment through dedicated space available on company

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There was a lag of the shipping cycle in responding to the wider economy. Electronics and textiles at Chinese factories piled up since the European and US consumption declined. Ships sailed half empty, if at all and shipping companies began pulling vessels out of the liner markets since demand was low. The shipping industry came to an unexpected halt and ship owners and managers argued that this was normal and typical for such an industry. The conditions the industry faced was unprecedented and based on: 1.

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WestJet’s pricing is much competitive compared to its Canadian airline competitor. WestJet began as a low-cost carrier, instantly differentiating themselves from their competitors. WestJet’s prices are still low. Thus, most customers still chose WestJet over Air Canada modestly because of consumer-value pricing. In other words, the consumer’s value awareness of the trademark supersedes its price insights.

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Traverse City Michigan is a small town in Northern Michigan, with a port, an airport, a rail system running through it, and lots of roads. While there is most likely the most freight carried through trucking on the roads, I would like to talk about the shipping industry. Because Traverse City is located with access to the Lake Michigan there is obviously a great deal of materials shipped over the water. Water is the cheapest, besides pipeline, of the 5 major transportation modes; if a city is located on the water it makes sense to take advantage of it. According to the Michigan Department of Transportation in 2009 the port of Traverse City transported somewhere between 100,000 and 900,000 tons of freight.

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The United States Shipping Act of 1984 The United States Shipping Act of 1984 is a legislation with regulations regarding ocean shipping to and from the United State of America. It contains pro-competition as well as anti-competition forces. This bill was later replaced by the Shipping Act of 1998. The purposes of the Act are Prevent discrimination with a minimum of government intervention and regulatory costs.

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According to iRami (2012) stated that the shipping plays an important role in world trade which is the backbone of the world economy. Recently, without these boats and vessels provide transportation services, many countries will be unable to participate in world trade and will not be as prosperous. From centuries past, the sea has always been important to all country at the world which as an important factor of economic development of every maritime country. The maritime sector contributes significantly to the economic development. Underling this is the fact that 95% of the country international trade is carried in whole or in part by maritime transport.

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