A method of maintaining the competitiveness of vessels on the local freight market during the repair period

Abstract

A method of maintaining the competitiveness of vessels on the local freight market during the repair period JEL codes: R41, C01, C02Keywords: competition, freight market, fleet repair, shipping company, model of optimization Abstract.With the growing competition on local freight markets, organization and management of freight transportation and fleet operation are aimed at ensuring the competitiveness of shipping companies on relevant local freight markets and getting sufficient profit from the current market situation. There are several issues to be considered in this research: the problem of optimization of the process of vessel repair by using economic and mathematical models that would provide a shipping company within a free market, and full liberalization of the tramp shipping a sustainable position on the relevant local freight market that would contribute to obtaining the greatest possible profits by holding a particular cargo base and regular customers.