Maritime Economics 3e

Maritime Economics 3e

<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 €œperfect€ 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; trade theory and specialised cargoes</LI> <LI>updated chapters on the merchant fleet shipbuilding, recycling and the regulatory regime</LI> <LI>a much revised chapter on the challenges and pitfalls of forecasting.</LI></UL> <P>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 €œa very readable book€.</P> <P>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.</P>