Comparative analysis of Akij Shipping Line Ltd. with its competitors

Abstract

Akij Shipping Line Ltd. is established on 9th September 2010, a sister concern of Akij Group. It is an international shipping company specialized in the transportation of dry bulk cargos with modern business model. The company is a pure dry operator with a highly experienced team from major operating houses across the globe. Akij Shipping Line Ltd. owned vessels are able to trade worldwide in a multitude of trade routes carrying a wide range of cargos covering a number of industries. Akij Shipping believes that by owning and commercially and technically managing its’ fleet the company can provide a superior service to its clients in offering innovative, creative, flexible & safe sea freight solutions. The commercial team delivers reliable & cost effective freight solutions to customers/partners while seeking to optimize revenue through the execution of well-diversified and risk-adjusted hands on approach to chartering. Through this report I have discussed and focused on the Chartering and Business operations of the shipping industries with regard to Akij Shipping Line Ltd. The practical experience I have gathered from the internship in Akij Shipping Line Ltd. has provided me the base of my analysis. I have also compared Akij Shipping Line Ltd. with its competitors Brave RoyalShip Management Ltd., Bashundhara Shipping Ltd. and Mercantile Marine Ltd. Finally I mentioned the findings and recommended about the issues.