operation in the shipping industry, which are industrial, liner, and tramp shipping. In industrial shipping the company that owns the cargo also owns the ships, and the goal is to transport the cargo and minimum cost. In tramp shipping ships perform transportation task in order to maximize profit, this can be compared to a taxi system. In liner shipping, ships follow a set itinerary and schedule, almost like a bus system. The focus on this paper is more on liner shipping, and addresses where the…
non-operating port owned by Miami-Dade County and managed by the Miami-Dade County Seaport Department. It accommodates 128 cargo berths (location where the vessels dock), three cargo terminal operators which include Seaboard Marine, South Florida Container Terminal, and Port of Miami Terminal Operating Company. In addition, the port also accommodates seven cruise terminals which take up to 64 berths. The expansion of the Panama Canal may double the canal’s capacity and allow shipper’s to bring…
The Ship of Theseus. It goes that a ship leaves the port of Theseus on a journey. On the journey the ship faced harsh storms and wind damaging parts of the ship. The crew then had to fix parts of the ship such as the floorboards and the sail. Eventually the ship faced so much gradual damage that every part of the ship was eventually replaced. So, when the ship returns to Theseus, is it still the same ship that left the port? When looking at the body theory the answer is no because the ship…
In a world where we want our goods now, the process that get it to you now needs to be perfect. That’s exactly what the trucking industry has done for decades. With the American Trucking Association reporting the all-time high tonnage was reached in 2015. The ATA believes that the trucking industry will continue to add the approximately 89,000 jobs per year for the next decade. Without these drivers we would not be able to have our goods in short periods of time. The trucking industry is vital…
The Panama Canal is a major route connecting the Atlantic Ocean to the Pacific Ocean via the Caribbean Sea. The purpose of building the canal was to reduce the costs and time of shipping. Instead of sailing around the southern tip of South America, ships can go through the canal to cross between the two oceans. In 2006, the Panamanian government proposed an expansion project that would add a third lane of traffic to increase the capacity of the canal. The commercial opening of the Panama Canal…
liquidity-cornerstone of the receivership filing Hanjin filed for the receivership with the South Korean Court as all the funds with the company dried up. Hanjin’s liquidity has been constantly worsening since 2010 as compared to few of the other container carriers. Some of the other carriers managed to stay afloat by selling off their assets, scrapping older vessels and through cash infusion by parent companies and lenders. On the other hand, Hanjin…
In order to manage these two forms of shipping, a port agent or a port agency is designated person or agency held responsible for handling shipments and cargo, and the general interests of its customers, at ports and harbours worldwide, on behalf of ship owners, managers, and charterers. Specifically, there are two types of port agents. Liner Agent and Tramp Agent. A roles and responsibilities of a Tramp Agent differs from those of a Liner Agent. A Tramp Agent’s responsibilities include…
the busiest ports in South East Asia region. There are a large number of vessels or cargo ships transporting using the waterway in Port Klang Malaysia. Group [1] reported that in the first half of 2012 Port Klang Malaysia handled 5 million Twenty- Foot Equivalent Unit (TEU) of container traffic in total, up to 67% from 4.7 million TEUs during the same period the previous year. As one of the busiest container port in South East Asia, Port Klang Malaysia actually made up of two separate ports:…
Hurricane Joaquin was just a tropical storm when the ship name El Faro was leaving Jacksonville, Florida to Puerto Rico on Thursday. As Joaquin started to get bigger and stronger El Faro started to get 30 to 35 foot waves by the time the hurricane was category 4 they had lost all type of communication, the coast guard believes the wind could have destroyed the ship’s communications equipment and lost contact with the ship. El Faro had 33 people on board 28 of them were U.S. Citizens and five…
hired Rick Pople (Maselli 1). Pople made the decision for NYK Logistics to use an active-tag RFID system rather than a bar code system that the company was originally considering. Pople believed that a bar code system would only help identify the containers and would not help locate them, which was the primary issue (Maselli 1). Instead, Pople chose an active tag RFID system (Maselli, 2). As explained in an online article by Claire Swedberg from RFID Journal, radio frequency identifications use…