engleski

Cost control policy in Maersk Line

Cost control is a key factor of the survival in most activities where many competitors are present, because the possibilities for product differentiation are very limited. Slow steaming improves the reliability in the maritime transport, considering that greater flexibility, especially on longer distances, is enabled. The new generation vessels, the so- called Triple-Es, are designed to maximally take advantage of the slow steaming. There were made significant changes concerning the architecture of the ships, where the engine is placed on the hull and specially adapted for the lesser speed. Considering the fact that maritime shipping represents the most significant transport activity on global scale, and that the most important part of the Maersk Group is Maersk Line, this will be the main subject of this paper. Finally, the aim of this paper is to analyse the cost savings in business dealings, with a special emphasis on the Slow Steaming and the technological innovations in shipping which contribute to the company’s savings plan.

bunker cost; cost control; slow steaming; triple E-ships

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