The Rise of the World’s Biggest Industry

The business people all over the world are constantly experimenting on different ways to reduce operational costs and increase their profits by selling their products at cheaper rates. In an attempt to make this experiment profitable the factories were shifted from countries with high labor rates to countries with lower labor rates. There were two significant targets to be achieved from this movement one that is to bring down operational costs and second was to provide employment opportunity to the countries were unemployment was at its peak. This move would help both the countries’ economies to gain strength. As the unemployed people would become productive and foreign investment would be coming in, it would help their country’s economy to be strengthened. On the other hand, the countries with high labor rates would get a chance to make more profits and keep more money in their banks hence they too would be helping strengthen their economy.

As the import and export began to increase among countries a new industry came into strength known as the shipping industry. The shipping industry started expanding with the inclusion of many new ships because the old ones already facilitating the businesses became limited and to make the expansion of the businesses, the new ships had to be included to make it really happen. But unfortunately as the industry grew, so grew the leaks problem with it. No matter how many ships there may be available for business, unless every ship owner conducts the Hatch cover maintenance and watertight integrity testing there can be no ship which is free from leaks.

Leaking ships are of no use to the shipping industry because they do not bring home profits. A leaking ship is always troublesome as it destroys the customer’s goods which have to be paid for at the end. When the amount of the goods is paid to the customers, the profit graph declines at a rapid speed hence the profit yielding voyage comes down to either a no profit no loss voyage or plummets into loss. There can be no greater woe than to invest time and efforts in something and get a loss in the end.

No part of the ship is safe from rust and there is no way one can guarantee a rust free ship without checking for it and even checking the watertight compartment doors testing. It may seem foolish to run a watertight test on a many inches thick door which seems to be unbreakable from the outside. But you will be surprised to know that the ship’s door can be easily damaged by rust and a lot of water can flood into the compartments.