Maritime Economics 3rd Edition by Martin Stopford

Maritime Economics 3rd Edition by Martin Stopford offers a sophisticated transport service to every part of the globe. Yet regardless of its financial complexity, transport retains much of the aggressive reduce and thrust of the “excellent” market of classical economics. The blend of sophisticated logistics and bigger than life entrepreneurs makes it a novel case research of classical economics in a modern setting.

The enlarged and substantially rewritten Maritime Economics uses historic and theoretical analysis as the framework for a practical explanation of how delivery works today. Whilst retaining the construction of the second edition, its scope is widened to incorporate classes from 5000 years of business delivery historical past, shipping cycles back to 1741, with a year by year commentary, up to date chapters on markets; transport prices; accounts; ship finance and a brand new chapter on the return on capital.

There are new chapters on the geography of sea trade; trade principle and specialized cargoes with up to date chapters on the merchant fleet shipbuilding, recycling and the regulatory regime, revised chapter on the challenges and pitfalls of forecasting. With over 800 pages, 200 illustrations, maps, technical drawings and tables, that is the delivery trade’s most comprehensive text and reference source, whilst remaining as one reviewer put it “a very readable book”.

It is a splendid book, nicely illustrated, with plenty of technical explanation as to the hardware employed by this fascinating industry. It deserves to be on the elbow of all those that faux to any data of the amazing maritime world we cheerfully inhabit. Transport market cycles dominate the industry’s economic thinking. A dialogue of ‘transport risk’ leads on to a review of how, over the past century, consultants have outlined the transport cycle. The 13 cycles since 1869 are identified from statistical collection and up to date market reports.

A brief account is provided of each cycle, drawing consideration to the economic mechanism which drove the market up or down and the underlying secular trend. The chapter 2 ends with some thoughts on the return on capital in delivery and the prediction of delivery cycles.

Book Details

Paperback: 840 pages
Publisher: Routledge; 3 edition (February 6, 2009)
Language: English
ISBN-10: 041527558X
ISBN-13: 978-0415275583

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