Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Ocean regulation and deregulation - Research Paper Example

Comments (0) Cite this document
The movements that exist today to economically reregulate transportation modes are such as the re-regulatory movement of Washington that imposes the need to impose discipline on the financial services of the transportation modes. The federal maritime commission also reregulates…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.3% of users find it useful
Ocean regulation and deregulation
Read TextPreview

Extract of sample "Ocean regulation and deregulation"

The movements that exist today to economically reregulate transportation modes are such as the re-regulatory movement ofWashington that imposes the need to impose discipline on the financial services of the transportation modes. The federal maritime commission also reregulates the ocean transportation modes. The federal maritime commission sets up a regulatory apparatus that is new (David 27).
For a long time economists have pressed deregulation in the shipping industry after studies showed constant returns to scale and losses resulting from regulation. The aim of deregulation has always been to reduce the constraints that are imposed by the government on the ocean transport sector. Deregulation aims at creating conditions that are conducive to the success of the ocean transport system. During the process of deregulation, the Federal Maritime Commission was in struggle with the pressure of removing the anti-trust immunity that the ocean shipping conferences were enjoying. Although the ocean shipping reform act has maintained the anti-trust immunity (Dong-Hua 24).
The modes affected by the reregulation include leaves of the ocean workers, standards that will prevent oil spills in the oceans, and simplified processes that will settle transactions carried out in the ocean transport sector. The new regulations are seen as economically significant regulations since they promote benefits of the ocean transport (Dick 385).
It is important for current logisticians to understand that an efficient transport system that is economical is an essential system. Especially in the field of shipping and ports, the efficiency of the transport system is very important. Re regulation is likely to improve logistics and facilitate trade through ocean transport (Sagers 780).
Works Cited
David B. Vellenga. "The Ocean Shipping Reform Act Of 1998." Transportation Journal
(American Society of Transportation & Logistics Inc) 39.4 (2000): 27-34.
Dick, Howard. "The 2008 Shipping Law: Deregulation or Re-Regulation?" Bulletin of
Indonesian Economic Studies 44.3 (2008): 383-406.
Dong-Hua, Wang. "The Ocean Shipping Reform Act: The Trans-Atlantic Cares." Maritime
Policy & Management 33.1 (2006): 23-33.
Sagers, Chris. "The Demise of Regulation in Ocean Shipping: A Study in the Evolution of
Competition Policy and the Predictive Power of Microeconomics." Vanderbilt Journal of Transnational Law 39.3 (2006): 779-818. Read More
Cite this document
  • APA
  • MLA
(“Ocean regulation and deregulation Research Paper”, n.d.)
Ocean regulation and deregulation Research Paper. Retrieved from
(Ocean Regulation and Deregulation Research Paper)
Ocean Regulation and Deregulation Research Paper.
“Ocean Regulation and Deregulation Research Paper”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Ocean regulation and deregulation

Deregulation Research Paper

...? College: Introduction Deregulation refers to the simplification or removal of government regulations and rules that constrain free operations of market forces, the term does not primarily mean elimination of the laws that protect property rights no does it mean the reduction of government control in business activities to create a Laissez-Faire or free kind of market. Deregulation simply implies scaling back the state roles in a given sector or industry in the economy (Collier and European University Institute 3). Deregulation is different from market liberalization, which mainly involves more market players entering the market, deregulation touches on regulation and the guaranteeing consumers their rights on the minimum and maximum...
8 Pages(2000 words)Research Paper

Ethics adn the regulation and deregulation of energy

...In the United s, the electrical and natural gas industries have found themselves undergoing developments of change in the way they supply their resources. Millions of households and businesses within the 24 different States which have enacted deregulation plans find themselves torn in two from what is the falling of the $220 billion electricity industry; that being one of the last government sanctioned monopolies. The deregulation of both markets has applied extreme pressure on both industries to act more efficiently. This drive in efficiency has then directly impacted more of a commitment from the two industries to establish further safety procedures and increased attention to ethical standards. In theory...
3 Pages(750 words)Essay

Ocean Carriers

... Finance Assumptions The assumptions under this case study are that the costs of operation of any new ship will amount to four thousand dollars ($4000) every day and the cost will incline every year at 1% rate above inflation. There will be 8 days of every year in which the contract is valid will be allocated to maintenance and repairs. During the 8 days, the customers would not be charged. Each and every new vessel will be devalued or depreciated on the basis of a straight line for over twenty five years (Stowell 76). The market rate that prevails in the daily spot is averagely twenty two thousand dollars ($22,000) every day. A discount rate of nine percent is used by the ocean carrier. Analysis Having in mind that, during the 8 days...
2 Pages(500 words)Term Paper

Ocean Pollution

...Marine pollution is a major problem that is affecting not just the ocean and marine life, but also the rest of the Earth. Pollution is the introduction of harmful contaminants that are outside the norm for a given ecosystem (“Ocean”). Oil spills, toxic wastes, and dumping of other harmful materials and chemicals are major sources of marine pollution. Water pollutants directly affect marine organisms such as fishes, coral reefs, marine mammals, mollusks, and marine plants by poisoning their bodies or by obstructing the organisms’ supply of oxygen that eventually causes them to drown. In result, these pollutants indirectly affect humans and other animals that depend on marine resources (“Ocean Pollution”). One manifestation of an indirect...
1 Pages(250 words)Essay


...Deregulation Deregulation Deregulation involves the reduction in the role that the government plays in business control and thus creating businesses and markets that are freer, in other words, removing set regulations. The argument is that deregulation creates competitiveness and improves productivity. Arguments against it state reasons such as environmental preservation, reduction or control over monopolies, as well as prize standardization. Transportation, energy, finance, and communication are areas that have faced deregulation over time in different states. The federal civil aeronautics board (CAB) regulated all airline services for flights without the states (but not within) controlling the fares, travel times and even routes...
1 Pages(250 words)Essay


... The effects of regulation and deregulation in the recent financial crisis Introduction Regulation of the financial system actually entails setting up rules and regulations and also establishing an enforcement mechanism that is designed to control the operation of the systems constituent institutions and markets (Macey, 5). The main objectives of regulation are basically to raise state revenue, minimize the risk of financial crisis and to limit or channel financial power to an advantage. After the financial crisis of 2008/2009 in the U.S, consumer organizations, labor unions and political parties advocated the tightening of financial regulation. Deregulation is basically concerned with reducing and redistributing rents, leading economic...
5 Pages(1250 words)Essay

Effects of Regulation/Deregulation in the Recent Financial Crisis

... Effects of Regulation/Deregulation in the Recent Financial Crisis In the of their operations, financial institutions are subject to some governing rules and regulations by an established body. The regulation of the financial system involves setting rules and establishing an enforcement mechanism that has been designed to control the operations of the financial system’s constituent institutions, markets, and instruments. Among the various forms of regulations that are instituted include antitrust enforcement, conflict rules, capital standards, asset restrictions, disclosure rules, interest rate ceilings, geographic and product line entries, investing and reporting requirements. O’Hara notes that the regulation of the financial system may...
6 Pages(1500 words)Assignment

Airline Deregulation

...Airline Deregulation Insert Insert The five components of force measure that affected the airline industry after deregulation include: Threat of new entrant With the new act in place, many companies joined the airline industries posing a significant threat to the original airlines such as the United Airlines and the American Airlines (Argyres & McGahan, 2002). Which were there and had dominated the market forcing a shift in price change, small profits, more competition, more option for the customers, there the carriers had to increase the quality of services offered. Threat of substitute products and services The new entrant such as us air Airlines, Northwest, Continental and Southwest to mention but a few had to bring substitute...
3 Pages(750 words)Essay

Aviation Deregulation

The writers still maintain that lower fares should not be the only goal of deregulation since new entrants find it difficult to compete with the existing companies thus making it hard to eliminate the monopoly in the industry, which was the main aim of deregulation. The paper also reviews some of the solutions suggested by the writers who agree that the process of deregulation was hurried and was not done fully (Poole & Butler, 1998) although going back to regulation may not be a good option (Kahn, 2004)
Deregulation is the process through which the government removes or reduces certain limitations of running a business to have a more competent operation of markets. Deregulation can have both positive and bad effects to the...
7 Pages(1750 words)Research Paper

Effect of Regulation/Deregulation

...Effect of Regulation/Deregulation on the Recent Financial_Crisis Introduction There is a direct relationship between the government regulation/deregulation with the recent 2008 United States financial crisis. The paper delves on the effect of government regulation/deregulation on the 2008 financial crisis. The paper focuses on the benefits and disadvantages of the government regulation/deregulation on the 2008 financial crisis. Government Regulation/Deregulation and the Financial Crisis Mr.E. Glaeser’s research showed that the 1994 Interstate_Banking and Branching_Act allowed banks and other financial institutions enter into interstate banking transactions (Glaeser 265). Prior to the act, Mr. Glaeser reiterated the banks...
7 Pages(1750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Ocean regulation and deregulation for FREE!

Contact Us