| | |  | Maritime Security | Home » » Maritime Economics 3e | | | | | | | Product Promotions: | | | | | Description: | | 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. This blend of sophisticated logistics and larger than life entrepreneurs makes it a unique case study of classical economics in a modern setting. The enlarged and substantially rewritten Maritime Economics uses historical and theoretical analysis as the framework for a practical explanation of how shipping works today. Whilst retaining the structure of the second edition, its scope is widened to include: - lessons from 5000 years of commercial shipping history
- shipping cycles back to 1741, with a year by year commentary
- updated chapters on markets; shipping costs; accounts; ship finance and a new chapter on the return on capital
- new chapters on the geography of sea trade; trade theory and specialised cargoes
- updated chapters on the merchant fleet shipbuilding, recycling and the regulatory regime
- a much revised chapter on the challenges and pitfalls of forecasting.
With over 800 pages, 200 illustrations, maps, technical drawings and tables Maritime Economics is the shipping industry’s most comprehensive text and reference source, whilst remaining as one reviewer put it “a very readable book”. Martin Stopford has enjoyed a distinguished career in the shipping industry as Director of Business Development with British Shipbuilders, Global Shipping Economist with the Chase Manhattan Bank N.A., Chief Executive of Lloyds Maritime Information Services; Managing Director of Clarkson Research Services and an executive Director of Clarksons PLC. He lectures regularly at Cambridge Academy of Transport and is a Visiting Professor at Cass Business School, Dalian Maritime University and Copenhagen Business School. | | | Product Details: | | | Author:
| Martin Stopford | | Paperback:
| 840 pages | | Publisher:
| Routledge | | Publication Date:
| February 06, 2009 | | Language:
| English | | ISBN:
| 041527558X | | Product Length:
| 9.5 inches | | Product Width:
| 6.9 inches | | Product Height:
| 1.5 inches | | Product Weight:
| 3.6 pounds | | Package Length:
| 9.53 inches | | Package Width:
| 6.85 inches | | Package Height:
| 1.57 inches | | Package Weight:
| 3.62 pounds | | Average Customer Rating:
|  based on 6 reviews |
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| | | | Customer Reviews: | |
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10 of 10 found the following review helpful:
 One of THE best if not THE best book on Maritime Economics from a Macro perspectiveOct 12, 2009
By Yoda
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. Last but not least, Maritime Economics presents many facts that are very difficult to research and find data on as data sources in the shipping industry, unlike most industries, is not that readily available. This is due to the fact that the industry is characterized by privately held companies. Examples of such research includes tables showing breakdowns of vessel costs by labor, fuel, capital costs, etc., depreciation tables, etc. Much of this data is for particular classes of vessel (i.e., panamax cargo vessels, cape tankers, etc.). This information is very difficult to find elsewhere without an large expenditure of money for purchase.
The 2nd Ed. of Maritime Economics (as of October 2009) is still in print and is being sold at about $20 less than this edition. Despite the price differential the 3rd edition is still worth the money. This is so for a number of reasons. One (and the most important) is the fact that it contains data through 2007 (as opposed to the last that only goes through the mid-1990s). In addition, the chapters are expanded over the previous editions and many of the factual tables referred to above (i.e., on cost breakdowns and depreciation schedules) are not available in the previous edition. The extra $20 is well worth any of these. The only weakness of the book is that it is particularly weak with respect to the labour market in this industry.
All and all this book is an excellent introduction to the industry as well as a veritable treasure chest of information, even for those with considerable knowledge in the industry. As a result it is highly recommended for both the student and those with some knowledge of the industry (though, obviously, the former would find it much more beneficial).
3 of 3 found the following review helpful:
The Definitive, One-Volume Study of Maritime EconomicsFeb 23, 2010
By Odysseus
Quite simply, I cannot speak highly enough of this wonderful tome! It far surpasses any other current study in the field of Maritime Economics (i.e. the shipping industry). Specific chapters cover virtually every conceivable aspect of the field, from history and technology to finance and business cycles. Well written, magnificently thorough, and very engaging, Stopford's classic study (now in its third edition) is a standard-unto-itself -- a decidedly rare achievement for a book in ANY field. Expensive, yes, but absolutely worth the price! A+++++++++++++++++++++++++++
If you are in financial analysis/research...this is THE book for youSep 25, 2011
By Susan Tainter
As background, I work in finance, specifically equity research and money management
In an attempt to get away from the typical Wall Street drivel, I bought three books on shipping
This is by far the best comprehensive book.
It covers the actual aspects of operating a ship (always important when understanding an industry)
But it covers the economics of a ship owner, some macro analysis on trade and a great section on maritime history
More importantly, it review the history of shipping cycles
Thus is book gives investors all the tools to evaluate the shipping sector for potential investments
If nothing else, buy this book first, read it, then see what else you need to learn
Only criticism is that the 2008-2011 boom collapse is not really covered in this edition (2009 edition but really only has data up to 2007) which is understandable, but an analysis of the current extreme boom and subsequent bust would be helpful
Enjpy
0 of 4 found the following review helpful:
 Used bookFeb 02, 2011
By Willhoe
If iwas going to buy this book again I would buy it ew bc for the price difference between new and old and the quality, it wasn't with it. The bookblooks like it was four years old but it's only 1 year old.
0 of 6 found the following review helpful:
 waitingFeb 17, 2011
By S B Taneja
it has been a month since hv placed the order, the book is yet to arrive; so unable review; the courier service i-parcel is not responding either, by mail or phone;
hope amazon.com can help
See all 6 customer reviews on Amazon.com
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