Shipping Management Essay Example | Topics and Well Written Essays - 2500 words

Shipping Management - Essay ExampleIt has been proved, that old management techniques in ecstasy have been working fir short profits only it has also become evident that socially responsible shipping business causes higher revenues and better positive results for both the stock markets and the general confederacy performance. New management framework has also been formed with the additional pressure of environmental issues, which always carried a tint of social knowledge. All these factors have challenged shipping management to re-negotiate their position in the social environment and in the society as a whole.CSR is essentially about companies moving beyond a primary of legal compliance to integrating socially responsible behaviour into their core values, in recognition of the sound business benefits in doing so. Since businesses and the challenges they face differ widely, organisation interventions need to be carefully considered, well-designed and targeted to achieve their ob jective. (___)The PD Ports Company located in Hartlepool (UK) is the company which can be seen as the bright example of the make-up having actively applied the principles of the CSR through changing legislation and environments. It is noted in the striving for further strengthening and promoting its CSR activities. It has been engaged into many CSR activities, and it should be said that CSR in the UK has become one of the principal governmental priorities. It is stated, that we recognize that there is no one size fits all approach to CSR, and that companies need to consider the nature of their business and its key impacts in developing their CSR practice. (http//www.csr.gov.uk/raisingawareness.shtml) This is why for the shipping companies the implementation of CSR carries certain peculiarities. Government works for the for making the companies aware of the available CSR practices and encourages businesses to improve their performance this may be considered to be one of the essent ial changes in the general implementation of the CSR principles through the shipping companies. As for PD Ports, the company also takes active part in the progression and support of the CSR principles through the following activitiesthe philosophy safety first is the top priority for the company managementthe company is prepared to invest into both Capital and peoplethe company has its main focus on the customers, and looks for additional profitability through this customer focusthe company shows full commitment to the equal opportunities for employeeswhat is essential, is that the company actively works for the promotion of the environmental interests, as well as for their protection. (http//www.thpal.co.uk/corporate/core_values.asp) While various conventions and regulations imposed minimum standards for the operation of shipping companies, the control mechanisms were not always businesslike in their mission. However, quality in shipping is not a matter of the shipowners only. Qu ality has a price and, as with all other goods and returns, this price is set(p) by demand and supply. Neither shipowners nor regulation alone can force or command this price if quality is not demanded by the users of the shipping service by the manufacturers, traders, freight forwarders