Strategic Management of Greek Shipping Companies

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Literature Review3

Global Shipping Market Analysis3

Volatility of Freights6

Players/ Characters in Shipping Industry9

Ship-owners9

Customers11

Effect of Freight Rates on the Players in Shipping Industry12

Evaluation of internal and external factors affecting decision making13

Internal factors13

External Factors14

Decision of the Shipping Companies to List in the Stock Exchange14

Greek Maritime and Shipping Companies15

References16

Strategic Management of Greek Shipping Companies

Literature Review

Global Shipping Market Analysis

Trade and the transfer of trade items is one of the most essential and highly debated issues of every country with maritime industry, as the same places and immense impact on the national as well as global economic positions of the state. It is due to the same reason that the maritime transport is considered the backbone of international trade and is also described as the key engine for driving globalization. It is essential to note that maritime industry is responsible for carrying out 80% volume of the global trade, which accounts for over 70% f the value of overall international trade being carried out across the globe. The same is then delivered to the international ports and it should be noted that the share of sea trade is even higher in the developing countries, owing to the comparatively lower transport rates offered by the shipping industry. the following paragraphs would provide an overview of the global shipping industry, combined with the analysis of shipping industry that would not only assists in getting an overview of the situation but at the same time, would also allow the individuals to get an insight of the issues and concerns related to the industry in current times:

According to the recent statistics, the developments and progress in the world economy and global merchandize led to a rapid increase in the international sea borne shipments in the year 2011. It should be noted that the pace of development was not the same in 2010, when there were lesser shipments and the level of reliance on shipping industry was also going down, however, the situation improved in 2011 when the world seaborne trade increased by 4%, and the total volume of goods loaded across the globe reached up to 8.7 billion tons (Review of Maritime transport, 2012).

(Review of Maritime transport, 2012)

There were several reasons behind the decrease in number of global seaborne trade in the year 2010, which was mainly caused by the accumulation of issues over a period of time. The major issue in this regard was the European debt crises, that did not only affect the global growth but at the same time, also caused the an increase in the global financial risks, the social as well as political unrest and uncertainties in the North Africa and Western Asia, combined with the natural disasters in Japan and Thailand, which did not only play an essential role in disrupting the regional as well as global supply chains but at the same time, but also raised oil prices as well as their volatility.

(Review of Maritime transport, 2012)

The fading stimulus effects of 2010, combined with the increase in geopolitical ...