Shifts In Maritime Transportation Industry Case Study

Shifts In Maritime Transportation Industry - Case Study ExampleThe endue slow down of the intentness in the developed world gives rise to this pessimism however, the forecast for the developing world produces a completely contrasting picture.Maritime conveyancing is intricately linked by the means of transportation i.e by the shipping industry. Thus the health of the shipping industry gives a fair picture of the adduce of the transportation industry. After the end of the Second World War, The United States was the leading country in oceanic transportation. The remarkable Marshall Plan saw the build of a shattered Europe in which seaborne commerce played an important role. Transportation of oil as also other goods increased manifolds. colony of the Suez Canal in 1956 caused a short term downswing, only if also helped add impetus to the shipping industry as the oil now had to abide by around the Cape of Good Hope thus increasing the capacity and capability of the maritime tran sportation sector. Between 1957 and 1973, the Wests domination of the maritime transportation industry was challenged by Japan who became the industry leader. In that period the transportation industry was very much a sunset industry as far as the Europeans and the Americans were concerned but a sunshine industry for Japan. The OPEC oil embargo of 1973, caused a sudden glut of oil tankers which had no cargo to carry. Consequently, the maritime transportation industry suffered badly. The Japanese shipbuilding industries suffered intemperately and in the intervening vacuum, the South Koreans stepped in to claim their stake in the global maritime transportation pie. China and Singapore too joined the race. The maritime transportation industry today is characterized by some important factors shaping the world.