Grade 11 – Maritime Economics

September 12, 2016

South African Salvage Operations

Harbour tugs that were designed to work in South African harbours had also as salvage tugs when required. However, their design was not really suitable for heavy seas, especially as their foredeck was short and they did not have a raised fo’c’sle. When they headed into heavy seas, they took […]
September 12, 2016

The Salvage Operation

A specialist marine services company is appointed to have an Emergency Towing Vessel on standby at all times. Such a company must have the following for a salvage operation: Expertise (i.e. people with knowledge and experience of salvage) Equipment (Tug, pumps, generators, compressors, pipes, …….and much more) Large amounts of […]
September 12, 2016

Calculation of Voyage Costs

A ship incurs numerous costs during a voyage. Among the costs are the following : Operational costs (if she is being operated by her owner); daily hire costs if being chartered; Fuel costs (heavy fuel oil, marine diesel oil and lubricating oil.) A ship with conventional propulsion will use heavy […]
September 19, 2016

Principles governing trade and transport

Countries have resources to support their economy and to feed their people, but often they either do not have enough resources or there is an absence of certain resources. To make up for any shortfall in resources, various commodities have to be imported, i.e. those commodities have to be brought […]