SUSTAINABILITY OF SHIP BROKERS



“The Effects of Shipping Markets on the Sustainability of Role of Ship Brokers”

[Name of the Wrier]

Acknowledgement

I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.

DECLARATION

I, [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

Signed __________________ Date _________________

Abstract

Ship broker has been of the oldest profession that been affiliated to the shipping market. With the passage of time, advent of technology, changes in the modes of communication and the development of the multinational firms, the role of the ship broker has changed to a greater extent as compared from the past. These changes have made much impact on the shipping industry and the role of the ship broker. These factors may include changes in the design supply chain, derived demand, shipper's change in demands: changing economy, uncontrollable factors like the (time costs), the globalization of production, the increasing power of carriers, container marker and innovation: development in shipments, the communication and ship broking etc has particularly marked the evolution in the in the role of ship brokers in the shipping industry. Apart from the changes it has produced and the threats it has provided to the ship breaking industry, there are many other positive aspects with the changing role of the ship broker. It has provided the opportunity to explore many other segments of the shipping markets as well. The results of the participants who took part in the questionnaire survey, it has been found that most of the people who belong to the ship broking profession, strongly agreed that proper research work, by ship broking companies, can assist to determine the highs and lows of market and subsequently, “sustainability”. Similarly, international trade and emerging markets have opened a new window for ship brokers to expand into developing companies.

Table of Contents

ACKNOWLEDGEMENT2

DECLARATION3

ABSTRACT4

2.2.Background of study7

2.2.Problem Statement8

2.2.Aims and objectives8

2.2.Source of Information9

2.2.Expected Outcomes9

2.2.Scope of Work10

2.2.Significance of the Study11

CHAPTER 2: LITERATURE REVIEW12

2.1Introduction12

2.2Freight marine12

2.3Value payment or freight cost17

2.4Dry bulk markets19

2.5Geographic location21

2.6Changes in the oil prices23

2.7Marine strategies25

2.8Change in the port policies26

2.9Changes in the policies of the ship brokering organizations:28

2.10Braemar Shipping Services plc29

2.11The increasing power of carriers38

2.12Shipper's Change in Demands: Changing Economy39

2.13The Role of Shipbrokers40

2.14Uncontrollable Factors40

Evolution of technology41

Changes in the modes communication41

Evolution of the multination organizations42

2.15Shipper's Change in Demands: Changing Economy42

2.16Summary of literature43

CHAPTER 3: METHODOLOGY44

3.1. Introduction44

3.2. Time horizon: Cross-sectional45

3.3. Research question45

3.4. Population and sampling46

3.5. Data collection methods and tools46

3.6. Research Method47

3.7. Validity and Reliability49

3.8. Ethical Considerations49

CHAPTER 4: QUANTITATIVE FINDINGS51

Q1. The commercial aspect of shipping is widely influenced by the changes in the demands and globalization of products51

Q2. The value of the freight rates depends on the region of vessel traffic, form of transport management, market tramp and line tonnage and has therefore created the issues for ...