Global shipping is dominated by European and Asian companies. One is left to wonder where America was left behind. A US business man Malcom McLean invented containerisation in the 1950s. Consequently America became a major player in global shipping with excellent shipyards a great fleet and thousands of sea farers. @patco where did it go wrong?
Yaani mmeshindwa hadi na a tiny country like Greece, which has the world second largest shipping fleet. By the way were it not for shipping and tourism the economic crisis in Greece would have been worse. Shipping currently employs 300,000 people in the country.
It is always stated that labor costs made American shipping companies uncompetitive. But why not outsource cheap labor like Europeans? Its common to see a Maersk ship with a Norwegian captain and a crew of 20 philipinos who make up more than a third of all crews worldwide,
with nearly a quarter million at sea.
With approximately 55,000 merchant ships carrying cargo around the world, one is left to wonder how the worlds "largest economy" after a 100 years of economic dominance is dependent on companies from other countries for trade.
Below is the global rank or total container handling capacity in Twenty Foot Equivalent units TEUS 2018
https://alphaliner.axsmarine.com/PublicTop100/index.php
Yaani mmeshindwa hadi na a tiny country like Greece, which has the world second largest shipping fleet. By the way were it not for shipping and tourism the economic crisis in Greece would have been worse. Shipping currently employs 300,000 people in the country.
It is always stated that labor costs made American shipping companies uncompetitive. But why not outsource cheap labor like Europeans? Its common to see a Maersk ship with a Norwegian captain and a crew of 20 philipinos who make up more than a third of all crews worldwide,
with nearly a quarter million at sea.
With approximately 55,000 merchant ships carrying cargo around the world, one is left to wonder how the worlds "largest economy" after a 100 years of economic dominance is dependent on companies from other countries for trade.
Below is the global rank or total container handling capacity in Twenty Foot Equivalent units TEUS 2018

https://alphaliner.axsmarine.com/PublicTop100/index.php
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