'This is a splendid book, well illustrated, with plenty of technical explanation as to the hardware employed by this fascinating industry. It deserves to be at the elbow of all those who pretend to any knowledge of the amazing maritime world we cheerfully inhabit.' - Michael Grey, Lloyd's List
‘Maritime Economics is an exceptionally well-written overview of the international shipping industry.’ - CHOICE
The enlarged and substantially rewritten Maritime Economics uses historical and theoretical analysis as the framework for a practical explanation of how shipping works today. Whilst retaining the structure of the second edition, its scope is widened to include:
• Lessons from 5000 years of commercial shipping history
• Shipping cycles back to 1741, with a year by year commentary
• Updated chapters on markets; shipping costs; accounts; ship finance and a new chapter on the return on capital
• New chapters on the geography of sea trade; trade theory and specialized cargoes
• Updated chapters on the merchant fleet shipbuilding, recycling and the regulatory regime
• A much revised chapter on the challenges and pitfalls of forecasting
With over 800 pages, 200 illustrations, maps, technical drawings and tables Maritime Economics is the shipping industry’s most comprehensive text and reference source, whilst remaining as one reviewer put it “a very readable book”.
For 5000 years shipping has served the world economy and today it provides a sophisticated transport service to every part of the globe. Yet despite its economic complexity, shipping retains much of the competitive cut and thrust of the “perfect” market of classical economics. This blend of...
Published December 18th 2008 by Routledge