Significance of North Atlantic Liner Trade Logistics
The round voyage distance of North Atlantic is approximately 8,000 miles and this distance is usually covered in 18 days with the speed of 19 knots. The port time of ten days makes this voyage of twenty eight days. There are approximately 250 companies that are providing liner services. These companies concentrate on large ownership of ships, vessels, cargos, etc. and bulk transportation (Stopford, 1997). Significance of North Atlantic Liner Trade Logistics
Liner services have their great importance in the trading network all over the world. These liner services transport more than sixty percent of the total value of goods that are transported by ship transport. In the present times, the need and importance of liner services has increased with a high speed. Liner services companies has been proven to provide quick, reliable and regular transportation services for normal charges than any other cargo companies at most of the foreign locations.
North Atlantic liner services are providing very effective logistic services to many of the companies. With the help of these services, it has become very easy for the suppliers of any country to sell their products in any part of the world. These services are quite faster than any other shipping
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They were involved in transporting a mix of passengers, bulk and others. Container shipping has also contributed in the development of liner services as they are quite helpful in expanding the international markets by maintaining the quality of distribution and without charging very high freight cost. These liner services has provided ‘just in time’ facility with reliability, security for low costs. But, designing and operating liner services are not quite easy due to increased complexity in global transport services.
There are many factors such as port congestion that may be interrupting the timely delivery of goods to different locations but liner services has made a position in the trade logistics. The North Atlantic Liner trade logistics has bridged the gap between the supplier and customers of north Atlantic region and other parts of the world. In present situation of globalization, North Atlantic Liner trade and logistics services have provided its customer a sense of security and reliability. Characteristics of North Atlantic Liner Services
North Atlantic liner services are different from bulk shipping business because in bulk shipping business, price is the important factor which determines the commercial equation whereas in liner services, quality of services is the main factor that determines the position of a liner service company in competition. The primary aspects that affect the demand of liner services are as follows: Freight Cost: It covers the charges of transportation from the source to destination that includes all applicable additional charges also.
Sailing Frequency: Usually, the suppliers prefer to select the liner service that is having a large number of sailing frequencies. Frequent sailing by the liner service companies enables the suppliers and receivers to send and receive the goods at the time when they require it. Transportation Time: Less transportation time means more business to the company. North Atlantic liner trade logistics is providing fast logistics services to its customer. This quality or characteristic enables the north Atlantic liner trade logistics to become a choice of suppliers.
Timekeeping Reliability: Timekeeping reliability enables a manufacturer or supplier to reach to the customer in time. Liner services are providing timely services to its clients so that they can reach to the market in time and supply their product when the demand is at its high. Administrative Reliability: Administrative reliability also plays an important role in the selection of a liner service or shipping transportation. Clients prefer a liner service that provides a proper administration of their products and they require timely and accurate delivery of quotations & bills of landing & arrivals.