Author: Ozan Sahiner

Ship Breaking – Is it the Answer to the Shipping Industry’s Overcapacity Problem?

Undoubtedly, 2016 was one of the darkest years in shipping history. Financial distress was unbearable, especially for certain companies. Carriers formed alliances, smaller steamship lines got acquired by larger corporations, and creditors distributed more money to support their borrowers. Long story short, everyone did their best to survive in a collapsing industry. However, a lesser-known side of the industry had one of its most profitable years in decades – ship breaking. Ship breaking is a way of disposing unused ships by tearing them up, either for parts or raw material. Modern vessels are built to last for several decades, but after a...

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How the Trump Presidency will Affect Shipping and Logistics

Either you are a Republican or a Democrat, whether you are happy with the outcome or not, the election season is finally over. Donald Trump has been officially elected the 45th president of the United States. People called this result shocking, game-changing and for some of them, disappointing. Martin Schulz, the president of the European Parliament described it as ‘a protest vote’ similar to Brexit. Wayne Allyn Root, former Republican Party member and political commentator wrote a book to explain how this was an ‘Angry White Male’ revolution. Regardless of these opinions, one thing is certain: America has opened a...

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The Reason for Financial Distress in Shipping Industry

The economic collapse in September 2008 is considered by many economists to have been the worst financial crisis since the Great Depression. It cost the United States an estimated $648 billion due to slower economic growth and federal government spending to mitigate the financial crisis through the ‘Troubled Asset Relief Program’ has resulted in a net cost to taxpayers of $73 billion. The bottom line, the United States lost $3.4 trillion in real estate wealth in less than 8 months. However, real estate was not the only industry which got effected by this financial depression. The shipping industry was...

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Driverless Logistics

Driverless vehicles are no longer just a dream from the Sci-Fi movies that we watched when we were kids. They are officially happening in our daily lives and have already become one of the biggest impacts in the history of transportation. As you may expect, it started on a smaller scale and vehicles have mostly been sesfor non-commercial use; but some brilliant minds have taken the first steps to bring this technology into logistics industry. We understand that commercial trucks might be the last cars you want driving themselves, and of course, the term of ‘Autonomous Trucks’ doesn’t sound...

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Cloud in Logistics

Cloud-based applications continue to penetrate the supply chain management software space as more operations are eager to embrace the advantages which it maintains over traditional options, but what is this latest trend in technology stands for in logistics perspective? The term “Cloud Computing” refers to a shared software and/or information that users access via the web. Rather than storing information on their own physical servers or computer hard drives, users rely on servers that are maintained by the cloud computing software providers. From the user perspective, all information is stored and readily accessible online in a 24/7 format, and...

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