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Vol 21 No 9 Sept/Oct 2016

Book of the Month

Cover of Goode on Commercial Law

Goode on Commercial Law

Edited by: Ewan McKendrick
Price: £170.00

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Maritime Economics 3rd ed

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ISBN13: 9780415275576
Published: December 2008
Publisher: Routledge-Cavendish
Country of Publication: UK
Format: Hardback
Price: £120.00
Paperback edition , ISBN13 9780415275583

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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

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Shipping, Transport and Maritime Law
Part 1: Introduction to Shipping
1. Sea Transport in the Global Economy
2. The Economic Organization of the Shipping Market

Part 2: Shipping Market Economics
3. Shipping Market Cycles
4. Supply, Demand and Freight Rates
5. The Four Shipping Markets

Part 3: Shipping Company Economics
6. Costs, Revenue and Cashflow
7. Financing Ships and Shipping Companies
8. Risk, Return and Shipping Company Economics

Part 4: Seaborne Trade and Transport Systems
9. The Geography of Maritime Trade
10. The Principles of Maritime Trade
11. Transport of Bulk Cargo
12. Transport of Specialised Cargoes
13. Transport of General Cargo

Part 5: The Merchant Fleet and Transport Supply
14. The Ships that Supply the Transport
15. The Economics of Merchant Shipbuilding and Scrapping
16. The Regulation of the Maritime Industry

Part 6: Forecasting and Planning
17. Maritime Forecasting and Market Research