Tuesday, November 8, 2011

How can less developed countries use the shipping industry to improve their exposure to trade. ?

I found that the visit to moran exposed the level of cash flow and heavy operations management that is involved with shipping agency. I soon realized that shipping as a whole does provide an extensive field of expertise that many job opportunities can provide. So, I began to look around, I then saw the huge reasoning behind why Liberia my home country uses this as an opportunity to maintain, But I figured very quickly that many other things can be done to utilize the shipping industry and perhaps utilized by other nations with free ports.. I found very quickly how the shipping registry option was a lucrative business opportunity that liberia took advantage of. http://www.liscr.com/liscr/ opportunity...” Liberian Registry – the second largest in the world – includes over 3500 ships of more than 112 million gross tons, which represents 11 percent of the world’s ocean going fleet. As the world’s premier open ship registry, the Liberian Maritime Program is renowned for quality, efficiency, safety and service. Likewise, the Liberian Registry is recognized at the top of every industry “white-list” including the International Maritime Organization and the major Port State Control authorities such as the US Coast Guard as well as the Paris and Tokyo MOU regimes. Considering that there are many less developed countries accross Africa, especially those with sea ports and some times unstable governments.. This is one way to show to the rest of the world they can improve trade relations world wide and meet international standards by partnering like the liberian ship registry. While this can take time, Liberian International Ship & Corporate Registry (LISCR, LLC), a U.S. owned and operated company that provides the day-to-day management for the Republic of Liberia's (ROL) ship and corporate registry.

.. With many ships flying the flag of the country owning to the relax laws of the country, a huge revenue generating opportunity seems highly possible. Of course things like ISO standards and other certifications required by business owners who request these ships to move their merchandise may be a requirement.. But the nations flying the flags only collect their fees and only have to worry about ensuring the ships meet the minimum recommendations.. As a recommendation to nations looking to take advantage of the shipping  arrangements, first partnering with organizations that understand and meet the standards of international maritime organization would be the first best way to get the accreditation necessary to explore this opportunity. Since there are Less developed nations that are doing a lot better then Liberia, I do feel have the potential of meeting these standards a lot easier should spin off a whole new industry, by creating jobs for that nation, skilled labor and  huge unexplored maritime opportunities. Besides that, shipping agency options is another way for nations who wish to gain recognition and improve their international exposure. As a policy suggestion, my only potion would be to begin exploring maritime skills in specific areas that could easily be used in the industry or by the international maritime organization.This can provide a talent pool for a nation interested in exploring maritime related development

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