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Maritime Economics 3e - Martin Stopford

Maritime Economics 3e

Hardcover Published: 1st January 2009
ISBN: 9780415275576
Number Of Pages: 816

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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 sophisticated logistics and larger than life entrepreneurs makes it a unique case study of classical economics in a modern setting.

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 specialised 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."

Martin Stopford has enjoyed a distinguished career in the shipping industry as Director of Business Development with British Shipbuilders, Global Shipping Economist with the Chase Manhattan Bank N.A., Chief Executive of Lloyds Maritime Information Services; Managing Director of Clarkson Research Services and an executive Director of Clarksons PLC. He lectures regularly at Cambridge Academy of Transport and is a Visiting Professor at Cass Business School, Dalian Maritime University and Copenhagen Business School.

'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


Fifty essential shipping terms
Sea transport and the global economyp. 3
The organization of the shipping marketp. 47
Shipping market cyclesp. 93
Supply, demand and freight ratesp. 135
The four shipping marketsp. 175
Costs, revenue and cashflowp. 217
Financing ships and shipping companiesp. 269
Risk, return and shipping company economicsp. 319
The geography of maritime tradep. 347
The principles of maritime tradep. 385
The transport of bulk cargoesp. 417
The transport of specialized cargoesp. 469
The transport of general cargop. 505
The ships that provide the transportp. 567
The economics of shipbuilding and scrappingp. 613
The regulation of the maritime industryp. 655
Maritime forecasting and market researchp. 697
An introduction to shipping market modellingp. 745
Tonnage measurement and conversion factorsp. 751
Maritime economics freight index, 1741-2007p. 755
Notesp. 759
References and suggested readingp. 783
Indexp. 793
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780415275576
ISBN-10: 0415275571
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 816
Published: 1st January 2009
Publisher: Taylor & Francis Ltd
Country of Publication: GB
Dimensions (cm): 25.4 x 18.42  x 3.81
Weight (kg): 1.79
Edition Number: 3
Edition Type: New edition