1) What are quality Management Systems?
2) Explain Impact of Competition on rates?
3) Describe the complete structure of shipping Operations?
4) Explain the following in brief?
a) Bulk Cargo market.
b) Iron Ore trade.
c) Coal trade.
d) Grain Trade.
e) Shipping Demand Forecast.
f) Operating Cost.
g) Ship Market.
h) Freight Market.
5) Explain Financial Management with the help of the following points.
a) Debt Equity Mix and Dividend.
b) Treasury Function.
c) Funds from international sources.
d) Trading activities.
e) Shipping Business.
f) Buying and selling of ships.
g) Foreign Exchange transactions
6) Case ——–II
The Indian cultural belief in “Karma” if it is for the upliftment of oneself
Indian society’s acceptance of creation of riches by a person by his/her ownefforts. Wealth is seen as God’s gift. An almost mythical belief of bringing oneself above the masses both in excellence and in wealth. The impact of this belief is so deep that we have accepted the “lotus” as our national flower which blooms even in dirty ponds without its natural beauty and fragrance being affected.
A large sea coast and a large coastal population which earns its living from sea resources. A growing offshore oil industry which provides support to the shipping industry, especially in times of depression in the shipping industry. The existence of English as a widely spoken language which happens to be the lingua franca of the shipping industry. Recent growth in net worth of non-resident Indians and Indian ventures abroad who can be both investors and users of shipping services.
Until now, my comments and questions have been straightforward but the problem ahead is to find the best possible solution which, if adopted or practiced, may provide a stimulus for the growth of the shipping industry.
The shipping industry, in view of its globalizes operations, is so complex in nature, high on capital requirement and low on returns (IRR), especially in comparison to some other industries, such as a manufacturing, in a overpopulated country like India
It will be difficult to attract existing industrialists from other sectors to the shipping industry unless sea transportation forms a captive part of their business or the government provides sufficient subsidies and protections as incentive.
Therefore, my friends, the burden for growth of Indian shipping lies on our shoulders, being the shipping managers in the forefront of the industry. Failure on our part will not be pardoned by the future generations involved in shipping.
a) Why will it not be pardoned by future generations?
b) How can executives and managers of that Indian shipping industry take advantage of these opportunities?
c) So now the question is: what level playing fields are relevant today?
d) Issues on which a ship-owner should commit himself to the nation?