Economics of maritime business

Table of Content:

Part. I The demand
1.International trade explained
1.1.Maritime demand derived from trade
1.2.The need for trade
1.3.Classical trade theories and their limitations
1.4.New economic explanations of trade
1.5.The administrative cost of international trade
1.6.The transport cost of international trade
1.7.Summary
2.Seaborne trade in natural resources and primary materials
2.1.Maritime demand for natural resources and primary materials
2.2.Relationship between sea trade and economic development
2.3.The evolution of seaborne trade in natural resources
2.4.Price changes of resource-based demand and price elasticity
2.5.Summary
3.Seaborne trade in manufactured products
3.1.Maritime demand for manufactured products
3.2.Globalised production and trade in manufactured goods
3.3.Globalised consumption and trade in manufactured goods
3.4.Changes in maritime transport demand for manufactured goods
Contents note continued: 3.5.Summary
4.The future of seaborne trade and its economic importance
4.1.The evolution of and recent changes in maritime trade
4.2.The future of maritime transport demand
4.3.The shrinking shipping cost and the effect on maritime demand
4.4.The national maritime transport dependence factor
4.5.Summary
Part. II The supply
5.Productivity and structure changes in maritime transport
5.1.Maritime transport productivity
5.2.Drivers of shipping productivity improvement
5.3.The great maritime transport revolution: specialisation
5.4.A revolution in modern shipping: containerisation
5.5.The limit to productivity growth and the future trend
5.6.Summary
6.Optimisation of a ship's carrying capacity
6.1.Optimisation of a ship's size
6.2.Optimisation of a ship's speed
6.3.The impact of time in port
6.4.The impact of a ship's operation to maintenance rate
6.5.The impact of loading factor
6.6.Summary
Contents note continued: 7.The main forms of shipping operation
7.1.Types of seaborne trade and the transport requirements
7.2.The main features of tramp shipping
7.3.The types of ship chartering
7.4.The main features of liner shipping
7.5.The main liner shipping operational patterns
7.6.The main operational challenges facing liner shipping
7.7.Summary
8.Ship finance and the economics of risk
8.1.The financial characteristics of ships
8.2.Sources of ship investment
8.3.Investment risks and risk management
8.4.The financial performance of ship investment
8.5.Investment in second-hand ships
8.6.Summary
Part. III The market
9.Maritime operational, regulatory and technological systems
9.1.The ship operation system
9.2.The legal and regulatory system
9.3.Enforcement and implementation of regulations
9.4.The technological system
9.5.Three maritime technological revolutions
Contents note continued: 9.6.System improvement and impact on shipping performance
9.7.Summary
10.The economics of port services
10.1.Port systems
10.2.Port and state
10.3.Port and shipping
10.4.Port operation and the development of ships
10.5.Evolutions of ports
10.6.Port competition
10.7.The pricing for port service
10.8.Summary
11.The economics of supporting services for maritime transport
11.1.Seafarer service market
11.2.Ship registration market
11.3.Insurance service market
11.4.Intermediary service market
11.5.Marine fuel and bunkering market
11.6.Summary
12.The economics of the maritime transport freight market
12.1.The structure and basic functions of maritime freight
12.2.The freight of the tramp shipping market
12.3.The freight of the liner shipping market
12.4.The competitive nature of the freight market
12.5.Freight market evolution and cycles
Contents note continued: 12.6.Price elasticity and freight market volatility
12.7.Risk hedging and the future trading of maritime freight
12.8.Summary
Part. IV The strategy
13.The economics of maritime transport competition
13.1.The focus of maritime competition
13.2.Intel-nationalisation of maritime transport cost
13.3.Standardisation in maritime transport
13.4.National competitiveness in different maritime activities
13.5.Quality versus cost - competition strategies
13.6.Market concentration and stages of national competitiveness
13.7.Summary
14.Shipping and logistics
14.1.A bigger and more complex system
14.2.Relationship between international shipping and logistics
14.3.Dimension of maritime logistics
14.4.Value added, logistics integration and competition
14.5.Logistics strategy of liner shipping companies
14.6.Summary
15.The economics of maritime safety and environmental regulations
Contents note continued: 15.1.The nature of maritime safety and environmental issues
15.2.Risk-based safety and environmental regulations
15.3.Optimisation of environmental standards
15.4.New environmental agenda and emission control methods
15.5.Market-based measures for emission control
15.6.Summary
16.Digital disruption and the future of maritime transport
16.1.An analysis of shipping and related activities
16.2.Digitisation and programmability of maritime activities
16.3.Breakthroughs in digital technology and the impact on shipping
16.4.Digitalisation, automation and maritime transport
16.5.The power of big data, AI and the future of maritime risks
16.6.Competition from trade integration for customer control
16.7.The way forward for maritime transport: from digitisation to digitalisation and digital transformation
16.8.Summary.

This book provides a comprehensive introduction to the economics of the business of maritime transport. It provides an economic explanation of four aspects of maritime transport, namely, the demand, the supply, the market and the strategy.
The book first explains why seaborne trade happens and what its development trends are; it then analyses the main features of shipping supply and how various shipping markets function; the book finally addresses the critical strategic issues of the shipping business. The full range of different types of shipping are covered throughout the chapters and cases. The book combines the basic principles of maritime transport with the modern shipping business and the latest technological developments, particularly in the area of digital disruption. The ideas and explanations are supported and evidenced by practical examples and more than 160 tables and figures. The questions posed by the book are similar to those that would be asked by the students in their learning process or the professionals in the business environment, with the answers concentrating on the reasons for what has happened and will happen in the future rather than merely fact-telling or any specific forecast.
The book is most suited for students of shipping-related disciplines, and is also a valuable reference for maritime professionals.

https://www.routledge.com/Economics-of-Maritime-Business/Ma/p/book/9781138999657