Substantiation of the Choice of Development Directions for the National Merchant Fleet
Journal Title: Проблеми економіки - Year 2015, Vol 2015, Issue 1
Abstract
In the context of international and regional integration, the development of the national merchant fleet becomes one of the factors in achieving the economic security of residents. The main objective of the article is detalization of the current characteristic features of the world freight market functioning with a view to forming the main development directions for the merchant shipping of the Ukrainian merchant fleet. A typical state for most freight market sectors is cyclical operation. Selection of a prospective strategy for positioning of the merchant fleet within the system of the global seaborne trade market presupposes taking into account the degree of stability of foreign economic relations. Transit freight flows tend to acquire an important role in the context of globalization of economic relations. The mechanism of development of the fleet and ports should be focused on both solving entrepreneurial tasks and realization of the cargo owners’ needs. A crucial characteristic of the current state of any segment of the seaborne trade market is the flow of the freight profits which eventually predetermines the value of the fixed assets of individual companies and the overall market value of investment. Regulation of foreign economic relations on the basis of WTO principles requires development of new approaches to facilitation of the international transport cooperation grounded in new technology and the technical and economic level of the fleet and ports. The development of the national merchant fleet can be carried out within the framework of such specialized fleet groups: bulker, tanker, ferry, and container fleet. For the purpose of stabilizing the development of the national transportation system of Ukraine it is important to determine its role in the system of international transportation corridors. One should note that most international transportation routes crossing the territory of Ukraine are water routes, which should be regarded as an additional factor contributing to practicality of creation of a competitive national merchant fleet.
Authors and Affiliations
Svitlana Mashkantseva
Keywords
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