Participation in planetary trade promotes the shipping persistence of nations by creating employment, enhancing the development of the ship building industriousness, enhancing growth in the nations foreign exchange earnings, enhancing growth in the shipping fleet, and enhancing air infrastructure (Country Report of India, 2002). The shipping industry is therefore a very important component of internationalist trade because nearly all international trade transference is facilitated through the shipping industry.
According to Lagoudis & Theotokas, (2007), companies in the industry generalize matched advantage from the possession of specialized knowhow at the level of operations management, with factors related to costs contributing largely to their success. more large shipping organizations are progressive in the batch shipping industry which is highly competitive on a global scale, while a small sector is active in the linear market where it mainly serves local and computer peripheral markets. Therefore majority of the firms score their advantage from their ability to competitively operate in the bulk shipping markets while creating apprize for their customers (Lagoudis, & Theotokas, 2007).
International trade complements national shipping by ensuring that countries governments continually develop and improve port infrastructure so as to boost foreign trade and also remain competitive in the international markets. This has also led to increased port message as expansion and development of port capacity has been a fundamental aspect of development programs especially callable to the increases in the volume of traffic that results from participating in international trade (Jiafu, 2005).
Table of Contents
1.0.Abstract
2.0.Introduction
3.0. Main Text
3.1. International Trade and subject field Shipping
3.2. Sources of Competitive Advantage in the Shipping Industry
3.3. Strategies for Attaining Competitive Advantage
3.4 effectuate of Mergers in the Shipping industry on Competitive...If you want to get a full essay, order it on our website: Orderessay
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