Maritime Economics Assignment

Evaluating the impact of Evergreen Lines Introduction of 14,000 TEU Vessels

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Abstract

If we look at the maritime transportation, which takes place across the world, causes a serious

threat towards the biodiversity existing in the heart of marline, as well as the coral reefs, and

in turn causing a serious problem regarding environmental degradation. From that perspective

of environmental protection, Thailand’s Evergreen Line has put forward an example of green

transportation before the world of maritime transportation by adhering to the rigorous self-

imposed directives focused at environmental protection (Vessel Finder, 2014). The new

vessels introduced by them will consume the fuel and energy much lower compared to those

used to be four years earlier. This will lead towards the least amount of environmental

degradation, and ensure the greenness of their existing operation (Ferrier, 2014).

Apart from that, as these new vessels consume the lower amount of fuel, the overall

operational cost of Evergreen Lines will come down, and per unit cost for the vessels will

also come down eventually. This will lead towards more amount of per unit profit, compared

to that of enjoyed by them earlier. As these vessels are procured by replacing the old vessels,

it will not add to the routine maintenance and operational cost like before. From that

perspective, the fleet-renewal programme is an approximation of profit augmentation by

cutting down the cost per unit (World Cargo NEWS, 2014).