The maritime industry is complex and dynamic, characterized by constant change in numerous interdependent variables that determine legitimacy, business viability and profitability of maritime investments.
This cuts across both horizontally and vertically especially with factors such as demand/supply of shipping service (recent overcapacity in containership sector and oversupply in dry-bulk & tanker trades), imbalance in deployment of vessels along trade routes and vessel types, pricing challenges (freight and charter rates), rapid shifts in bunker prices and other rising operational costs arising from increased flag and port state statutory requirements on ship manning, survey, certification and insurance (among others).
To navigate this intricate business environment in a manner that addresses competitive market pressure, ensures commercial viability and satisfies the statutory requirements on maritime safety and security, it is imperative that maritime investments are guided by reliable insight and expertise, as ably provided by Bowline Maritime Consultancy Services LTD.
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