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maritime economics.pdf | 0 | MARITIME ECONOMICS Winner of the Chojeong Book Prize 2005 for ‘making a significant contribution to the development of maritime transport academically and practically’ ‘In its breadth, this book is a tour de force and anyone who reads it cannot but be better informed about the shipping world’ Lloyds List, 17th December... | [
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maritime economics.pdf | 1 | Data A catalogue record for this book is available from the British Library Library of Congress Cataloging in Publication Data A catalog record for this book has been requested, ISBN10: 0415275571 (hbk) ISBN10: 041527558X (pbk) ISBN10: 0203891740 (ebk) ISBN13: 9780415275576 (hbk) ISBN13: 9780415275583 (pbk) ISBN13: 978... | [
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maritime economics.pdf | 2 | of running ships 225 vii CONTENTS 6.4 The capital cost of the ship 236 6.5 The revenue the ship earns 242 6.6 Shipping accounts – the framework for decisions 246 6.7 Four methods of computing the cashflow 252 6.8 Valuing merchant ships 262 6.9 Summary 266 Chapter 7 Financing Ships and Shipping Companies 269 7.1 Ship fi... | [
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maritime economics.pdf | 3 | liner service 506 13.3 Economic principles of liner operation 512 13.4 General cargo and liner transport demand 514 13.5 The liner shipping routes 524 13.6 The liner companies 532 13.7 The liner fleet 537 13.8 The principles of liner service economics 539 13.9 Pricing liner services 550 13.10 Liner conferences and coop... | [
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maritime economics.pdf | 4 | to make reliable forecasts? Much has changed in the twenty years since the first edition was published in 1988. Then the industry was struggling out of a deep recession and the second edition, which appeared in 1997, was written in a more prosperous but still disappointing market. However the third edition, on which wo... | [
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maritime economics.pdf | 5 | of Shell International Marine, Richard Hext, CEO of Pacific Basin Shipping Ltd, Rogan McLellan, Mark Page Director of Drewry Shipping Consultants, Professor Mary Brooks of Dalhousie University, Bob Crawley, Betsy Nelson, Merrick Raynor, Jonathan Tully, Robert Bennett, John Ferguson and Paul Stott. All provided comments... | [
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maritime economics.pdf | 6 | overview of the market covering the transport system, the demand for sea transport, the merchant fleet, how transport is provided, the role of ports, shipping com pany organization and political influences. PART 2 SHIPPING MARKET ECONOMICS Part 2 sets out the macroeconomic structure of the shipping market to show the r... | [
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maritime economics.pdf | 7 | followed by a brief explanation of the world capital markets, showing where the money comes from. Finally the chapter discusses the four main ways of financing ships: equity, debt, new building finance, and leasing. Chapter 8: Risk, Return and Shipping Company Economics Shipping has a history of offering very mediocre ... | [
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maritime economics.pdf | 8 | covers chemicals, liquefied gas, refrigerated cargo, unit labour cargoes, and passenger shipping. Chapter 13: The Economics of Liner Shipping Containerization of liner services was one of the great commercial innovations of the twentieth century. Faster transport and lower costs have made it possible for businesses xvi... | [
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maritime economics.pdf | 9 | cor rect, yet they continue to use them. There are two different types of ‘forecasts’ used in the shipping industry: market forecasts and market research. Market forecasts cover the market in general, whilst market research applies to a specific decision. Different tech niques are discussed covering each type of study.... | [
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maritime economics.pdf | 10 | carries dry cargoes such as ore, coal, sugar or cereals. Smaller vessels may have their own cranes, whilst larger sizes rely on shore based equipment. 6. Bare boat charter. Similar to a lease. The vessel is chartered to a third party who to all intents and purposes owns it for the period of the charter, provides the cr... | [
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maritime economics.pdf | 11 | the range of sizes associated with this type of ship, typically up to 30,000–35,000 tonnes deadweight. Most have their own cargohandling gear. 22. ice class 1A. Ship certified to transit ice of 0.8 m thickness. 23. IMO. International Maritime Organization, the UN agency which is responsible for maritime regulations. 24... | [
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maritime economics.pdf | 12 | of Life at Sea Convention. Important convention setting out the safety regulations with which all merchant ships must comply (see Chapter 16). xxiv FIFTY ESSENTIAL SHIPPING TERMS 39. Special survey. Mandatory examination of the ship’s hull and machinery carried out every five years, or on a rolling basis, by the classi... | [
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maritime economics.pdf | 13 | spot rate and paid by the shipowner. On a time charter where the ports are not known in advance they are paid by the charterer. Part 1 I N T R O D U C T I O N T O S H I P P I N G Sea Transport and the Global Economy Wonders are many on earth, and the greatest of these Is man, who rides the ocean and takes his way Throu... | [
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maritime economics.pdf | 14 | the years.3 Because shipping is such an old industry, with a history of continuous change, sometimes gradual and occasionally calamitous, we have a unique opportunity to learn from the past. Time and again we find that shipping and trade greased the slipway4 from which the world economy was launched on new voyages in w... | [
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maritime economics.pdf | 15 | THE GLOBAL ECONOMY C H A P T E R 1 5 INTRODUCTION 1.1 C H A P T E R 1 That is a labour productivity benefit of 15 times. By exploiting economies of scale and integrated transport systems, shipping continues to demonstrate Adam Smith’s insight. Today a lorry carrying one 40foot container from Felixstowe to Edinburgh mig... | [
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maritime economics.pdf | 16 | and undamaged by any nautical mishap; and he shall take for the journey two days, from the 25th, and likewise he shall remain at Oxyrhynchus four days; and if he be delayed after that time he, the master, shall receive 16 drachmae per day for himself; and he the master shall provide a sufficient number of sailors and a... | [
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