Maritime Economics 3e Av Martin Stopford

<P>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.</P><P>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:</P><UL><LI>lessons from 5000 years of commercial shipping history</LI><LI>shipping cycles back to 1741, with a year by year commentary</LI><LI>updated chapters on markets; shipping costs; accounts; ship finance and a new chapter on the return on capital</LI><LI>new chapters on the geography of sea trade;

The new edition of Maritime Economics combines a sophisticated historical and theoretical analysis of this large and complex market with a practical explanation of all aspects of the shipping industry. New and enlarged chapters in this substantially revised third edition cover:5000 years of commercial shipping history shipping cycles back to 1741; the four shipping markets (freight rates and freight derivatives, second hand ships, newbuilding, demolition); latest developments in ship financing techniques the theory of maritime tradeWith over 200 illustrations and tables Maritime Economics: third edition is essential reading for students and professionals with an interest in the shipping industry.

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 historyshipping cycles back to 1741, with a year by year commentaryupdated chapters on markets; shipping costs; accounts; ship finance and a new chapter on the return on capitalnew chapters on the geography of sea trade; trade theory and specialised cargoesupdated chapters on the merchant fleet shipbuilding, recycling and the regulatory regimea 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.