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Showing posts with the label Business

Is the Shipping Industry on the collapse?

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Container shipping companies are on the brink of collapse due to COVID-19 restrictions. Cargoes are stranded on ships for extended periods and fewer outbound charges. Ship carriers are cutting costs by taking the Cape of Good Hope rather than the Suez Canal. The economic decline in 2008 is considered by many economists to have been the worst financial crisis since the Great Depression to hit not just the real estate market but also the shipping industry. The maritime industry found itself at the center of a global financial crisis, while the supply of ships exceeded its demand. Ship owners and charterers immediately imposed a buying freeze to control the capacity in order to resuscitate plunging freight rates and survive from the shrinking cargo volumes. The COVID-19 pandemic is wreaking havoc on global shipping, which could probably initiate another crisis. To prevent the spread of the virus, a number of ports and shipping companies have implemented measures, which is

Coping with Job Loss

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Tips and Guides I  am not going to give you tips on how to cope with a job loss or anticipated lay off because there are plenty of articles on the web to help you with that. Instead, I will narrate you my personal story of facing difficulties in the corporate world. It was 2011; I’d just graduated from business school and landed my first job at a start up from Singapore. I was young, carefree and determined to make my mark in the professional space, earn my first ever pay check and make my parents proud. One and a half years of slogging my ass off in sales and I received an email from the CEO stating, “We are shutting down India operations due to lack of return on investment”. I was 20 and just lost my first ever job that I loved immensely. I was astounded and didn’t know how to react, what to feel, so I just stepped out of the office to get some fresh air and smoke a cigarette. Next month, I got employed at a sports management firm and was living my dream life. Meeting