Paperback: 840 pages
Publisher: Routledge; 3 edition (February 6, 2009)
Language: English
ISBN-10: 041527558X
ISBN-13: 978-0415275583
Product Dimensions: 6.9 x 1.5 x 9.5 inches
Shipping Weight: 3.3 pounds (View shipping rates and policies)
Average Customer Review: 4.5 out of 5 stars See all reviews (25 customer reviews)
Best Sellers Rank: #551,849 in Books (See Top 100 in Books) #203 in Books > Business & Money > Industries > Transportation #245 in Books > Business & Money > Economics > Commerce #804 in Books > Engineering & Transportation > Transportation > Ships
This book provides an excellent macro economic view of the shipping tranportation business. The reason is the author's authoritative knowledge of the field. He has has over 30 years of experience in the field in both the private sector (as an Economist specializing in the field with Chase Manhattan Bank, Chief Executive of Lloyd's Maritme Information Services, Directof of Business Development with British Shipbuilders and an Executive Director of Clarkson's PLC) and academia (as a Professor at Cass Business School, the Cambridge Academy of Transport, Dalian Maritime University and Copenhage Business School).The book starts out with a historical overview of the shipping industry (lengthier than the 2nd edition of this book) then presents chapters on the organization of the shipping market, shipping market cycles, shipping markets by different categories of vessel (and the cargoes they handle), financial flows, industry financing and insurance, risk, geographic markets, the markets for ships (both new and second hand) as well as for vessels for scrapping, and legal and regulatory structures. All of these are covered very well and provide an excellent overview through 2007 (i.e., just before the shipping bust of 2008). It should be stressed that the book is intended to provide a macro view of the industry as opposed to a micro view (i.e., discussing how vessels are run on a day to day basis). For a good overview of how ships are run on a day to day basis Kendall's "The Business of Shipping" is highly recommended. That book gives an excellent overview of bunkering, how cargoes are handled, manifests, etc. Hence it is an excellent supplement to Stopford's Maritime Economics.
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