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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. T…
Combining a sophisticated historical and theoretical analysis of the shipping industry with a practical explanation of all aspects of the shipping industry, this third edition is essential reading for students and professionals with an interest in this area.
This book covers topics on sea transport, the organisation of the shipping market, shipping market economics (supply, demand, freight rates, costs, revenue, Cash flow, financing ships, risk and return), the geography of maritime trade, the principles of maritime trade, the trans…
Stopford provides an introduction to the organization and workings of the global shipping industry, outlining the economic theory behind this large and complex subject, and dealing with many of the operational practicalities involved.
It argued in this book that, from the 1880s there was a widely shared, but largely unwritten, strategic acceptance in British naval thinking that in a war with a major power the response would be to attack enemy trade. In line with the current view that seapower depends upon fre…
Today, the First World War is remembered chiefly for the carnage of the Western Front, but at the time the Royal Navy's blockade of Germany was a more frequent source of debate. For, even at a time of war, there were influential voices in Britain who baulked at a concept of econ…