"For the shipping industry, even an extra half an hour in port means additional costs and they are trying to reduce this as much as they can, " he said.
Fuel, after all, is not just a source of emissions for the shipping industry, it is a cost, so higher fuel prices mean that more efficient shippers will have a greater cost and profitability advantage.
Conversely, the ransoms mean higher insurance premiums for the rattled shipping industry, delays for customers as more ships choose the longer passage around the Cape of Good Hope, lower revenues for the Suez Canal, and for the oil markets yet another variable to work into already volatile prices.
The new approach should also appeal to the shipping industry, for a number of reasons.
The part of the shipping industry headed for the choppiest waters is the container trade, which had steamed ahead gloriously since the mid-1970s.
FedEx is a component in the category of cyclical stocks, which also includes railroad carriers and aviation stocks like CSX and Boeing, that serve as indicators for economic improvement in the shipping and transportation industry.
One was the decline of the shipping industry, which meant demand for hemp ropes and sails fell.
Now is the time for cruise lines, the petroleum industry and the shipping companies to finally stop using their economic might to prevent reform.
Many in the shipping industry see a sluggish year ahead for Chinese exports, a cornerstone for the nation's economy, despite other indications of growing demand for China's products.
For the December 2011 quarter, Seagate sees the industry shipping 110 to 120 million units, with the ability to manufacture and ship hard disk drives gradually improving through calendar 2012.
Analysts and industry players expect the glut in shipping capacity to last for several years given that vessels often operate for around 25 years.
Juliet Marine Systems is discussing with the shipping industry the use of GHOST boats to provide private security patrols for their ships and insurance customers.
However, I think the complication for our market is that, like other parts of shipping, during the last decade or more our industry was really over-built, so the oversupply of tonnage is outstripping the forecasted demand, and has done so consistently since 2009 through 2013, from what we can see of newbuildings.
FORBES: Intermarine Executives Discuss Ship Financing, Piracy, and Global Maritime Trade
Fortunately for the state's most important industry, citrus, the infestation is occurring before the fruit is ripe and being prepared for shipping to distant markets.
The entire shipping industry saw it as a grand vision that could change everything, and they just had to wait for the people with the right talents.
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