Competition
Competition in maritime context refers to the rivalry between shipping companies or ports to gain a larger market share, increase profitability, and improve their reputation. This can be achieved through various means such as offering better services, reducing costs, improving efficiency, and investing in new technologies. Competition can also lead to the development of new trade routes, the creation of new jobs, and the growth of the maritime industry as a whole. However, excessive competition can lead to price wars, reduced profits, and a decline in the quality of services. Therefore, it is important for companies and ports to strike a balance between healthy competition and cooperation.
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