By Wayne K. Talley
The Blackwell significant other to Maritime Economics presents complete and in-depth assurance of the whole scope of matters with regards to delivery and port economics.
- Unprecedented survey of maritime economics presents complete insurance of transport and port economics
- In intensity examinations supply an up to date research of the sphere together with all points of delivery, ports, logistics, and upkeep and topical dialogue on safety and environmental problems
- Presents unique theories in relation to theories for maritime vendors and ports
- Features contributions from the main revered foreign experts within the field
Read Online or Download The Blackwell Companion to Maritime Economics (Blackwell Companions to Contemporary Economics) PDF
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Additional info for The Blackwell Companion to Maritime Economics (Blackwell Companions to Contemporary Economics)
Sample text
Specifically, a data set of dry bulk ship values and forward freight agreements for the same type of vessel is used to investigate the effectiveness of FFAs in hedging ship values. The results indicate that FFAs are indeed very effective for hedging ship price risk. 5 percent. Chapter 23 discusses marine insurance – an efficient means of protecting investments in ships and their cargoes. A form of marine insurance that is used today was well established in Europe by the fourteenth century, the earliest known policy being issued in Genoa in 1347.
Thus, prices for shipping services may fluctuate greatly because of adjustments to differences in demand and supply for these services, which results in volatile maritime freight markets. Maritime freight markets are dominated by east–west trade flows. This dominance has been strengthened by the importance of Asia and the increasing importance of interregional Asian trades. The fragmentation of geographical production processes has added intermediary products to these trade flows, especially since many of the production processes are outsourced to emerging markets in Asia and transition economies in Eastern Europe.
Evaluating port investment from a public perspective requires that all related costs and benefits (direct and indirect) be considered in determining the optimum port investment decision. In contrast, the private perspective focuses on port competition and port hinterland connectivity in making port investment decisions. Chapter 31 discusses port clusters. A port cluster is a spatially concentrated group of firms of related industries for which one firm is a port; these firms are linked through vertical and horizontal relationships.
