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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.

Tabla de contenidos provista por Syndetics

• 4 Supply, Demand and Freight Rat
• Shipping Company Economics
• Part 4 Seaborne Trade and Tr
• 13 Transport of General Cargo
• The Ships that Supply the Transport
• 15 The Economics of Merchan

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CHOICE Review

Maritime Economics is an exceptionally well-written overview of the international shipping industry. Stopford combines extensive experience in both the private sector and academia (including Global Shipping Economist, Chase Manhattan Bank; chief executive, Lloyds Maritime Information Services; and visiting professor, Cass Business School and Copenhagen Business School). He delivers a very thorough yet elegant description of the multiple objectives and constraints faced by the shippers. Eventually, the reader starts seeing a motive behind each action of a shipper, and the mosaic of facts forms one coherent picture. The book is rich with examples, tables, and diagrams, which make theoretical concepts much more applied and accessible. This reviewer's personal favorite is chapter 4. It explains the specifics of the supply and demand formation in international shipping and provides a nice illustration of the process with real-life data and examples. This book will be highly appreciated by anybody interested in the economics, regulation, and history of international shipping. It can be used as both a textbook and a reference book. Summing Up: Highly recommended. Upper-division undergraduate through professional collections. V. Lugovskyy Georgia Institute of Technology

Notas de autor provistas por Syndetics

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.