By Alan Branch
Now in its moment version Maritime Economics offers a precious creation to the enterprise and workings of the worldwide delivery undefined. the writer outlines the industrial thought in addition to the various operational practicalities concerned. largely revised for the recent version, the e-book has many transparent illustrations and tables. themes lined contain: * an outline of foreign exchange * Maritime legislation * fiscal employer and rules * financing ships and delivery businesses * industry examine and forecasting.
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Extra resources for Maritime Economics
They cover a whole range of industries. Other Manufactures: The final trade group comprises the remaining manufactures such as textiles, machinery, capital goods, vehicles, etc. The total tonnage involved in this sector accounts for only 3 per cent of sea trade, but many of these commodities have a high value so their share in value is probably closer to 50 per cent. They are the mainstay of the liner trades and their impact upon the shipping industry is much greater than the tonnage suggests. Viewing the trade as a whole, over 70 per cent of the tonnage of seaborne trade is associated with the energy and metal industries so the shipping industry is highly dependent upon developments in these two industries.
It is the main subject of this volume. Traffic is particularly heavy on the routes between the major industrial regions of Asia, Europe and North America. There are about 20,000 ships in this trade, offering services ranging from low cost bulk transport to fast regular liner services. Air freight started to become viable for transporting high value commodities between regions in the 1960s. It competes with the liner services for premium cargo such as engineering goods, processed textiles, livestock and automotive spare parts.
New cargo handling techniques revolutionized the liner and bulk trades. Usually the cargo handling technology is more evident in the ports where investment in specialist terminals using high-speed 23 ECONOMIC ORGANIZATION OF THE SHIPPING MARKET cargo-handling gear forms an important part of the automation of cargo-handling systems. However in some trades the introduction of improved cargo-handling technology has resulted in a major change in the design of the ships. The biggest change was in the liner trades where cellular container ships and, to a lesser extent, ro-ro vessels replaced conventional cargo liners.