Due to the economic recession in Europe, companies in the international shipping industry continue to report financial losses amounting to millions of dollars, leading maritime shipping companies to brace for an uncertain scenario in the future. Shipping lines have already laid up shipping containers equivalent to 5 percent (or 800,000 twenty-foot equivalent units) of the total global shipping container capacity. Global shipping lines continue to struggle with losses as the maritime shipping industry gripes with continuing bunker fuel hikes and subsequently low freight rates. These issues are further compounded by weak demands for cargo globally. A container management software with proven efficiency developed by reliable shipping software companies would enable shipping liners to optimize cargo capacity per trip to minimize bunker fuel consumption.
Cargo ships are not the only casualties of high bunker fuel rates. Feeder shipping lines have been consequently affected by the decrease in mainline ship numbers, resulting in fewer feeder ships calling at loading ports, particularly at Kochi port. The primary agent for the overall decrease in feeder ship numbers appear to be feeder shipping liners that have been maximizing cargo carrying capacity, when previously, ships only utilized 60-70% carrying capacity. Feeder shipping software aboard feeder ships would help to ensure safe cargo container transportation between loading ports.
Maximizing cargo carrying capacity for both mainline cargo ships and feeder ships are viable solutions, but this only provides a temporary solution to the current global shipping problem. If fuel costs continue to rise in the future, cargo shipping companies are bound for a truly bleak future.
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