Business

Business Over the past few years the airline industry has been offering competitive prices and competing more then ever for cargo that has been traditionally transported by ships because of their cheaper prices. Because of this ship owners have been looking for ways to keep cost to a minimum and to decrease the time it takes to transport cargo from seller to buyer. The time it takes the ship to transport cargo from one port to another cannot be reduced with out building faster ships, which is not practical because of the cost of development. However the ship owners have had larger ships built to transport more cargo at one time. Forcing some to dredge their harbor entrance and the channel leading to their port. They have also, been putting pressure on terminals, to decrease the time it takes to transport cargo from the ship to truck or rail. Vessel sharing agreements have also forced ports to improve service. Vessel sharing is when shipping companies form certain cargo, ports, ships, ship, transport, time, port, one, been, because, ways, terminals, takes, shipping, prices, companies, vessel, sharing, productivity, owners, offer, new, keep, increase, forced, existing, different, decrease, cost, competitive, capacity, agreements, years, worse, world, within