Maritime Economics Essay Example | Topics and Well Written Essays - 2250 words - 1

Maritime Economics - Essay Example h is to provide rapid customer response, location of services are convenient for access, and utilize up to date information technology to improving service operations (Osler 2012). The paper also intends to analyze longevity of technology based on competitive advantage and their importance and view of how to improve the competitiveness. 3 Maritime economics involves the integration of ocean transport and terminal management. The main goal is to provide an in-depth analysis of logistics services. A keen interest is on the way the logistics and maritime time related to economics which brings about the ocean transport business. It revolves around the focusing on the joint optimization of container terminals and liner shipping networks (Blecker & Kersten 2011). 4 Logistics in many contexts involves the delivery f goods and services with proper quality and quantity. Logistics depends on timely delivery and the destination of delivery. The most notable aspect of logistic is promptness of delivery because delay of any kind causes significant losses to the recipient of the consignment. Logistics traditionally depended on transportation only. Nowadays, it depends on reliable roads, and record keeping improved by higher technology, globalization, legislation, and integration. The logistics management comprises of material management, channel management, physical distribution, and it is pert of the whole supply chain management. Movement of goods is not the only logistics activities; it involves stock control in the warehousing systems and the movement of goods in the storage units (Martin 2009). Logistics forms a crucial area in supply chain and brings issues like planning, implementation, and effective management. 4 Many immerse growth activities realized in the logistics sector especially in the emerging economies. This shows a better future with third party providers. This growth realized in the area of logistics largely coming from third party providers such as