The publication of this book is timely - at the time of writing we are in the midst of very troubled times for the dry-bulk shipping markets. Falling demand for dry commodities, an oversupply of ships and a freeze in credit have seen daily hire rates for bulk carriers drop from all-time highs to near all-time lows within the space of a few months.
From freight rates to bunker prices, credit risk to asset values, the financial risks faced by shipping market participants are significant. The book provides readers with a proper understanding of the measurement process and on how to manage the volatility of the freight rate; the information in the book will also let the reader explore the options that are available to the professionals of the shipping industry.
The authors have made a brilliant compilation of the thorough investigation of the markets conducted y the recognized experts. That is why this volume is a must-have for both practitioners and researchers. Their efforts resulted in a truly unique publication combining both theoretical and practical aspects or the risk management, the readers who have gone through the material included in the book will get some essential knowledge of risk assessment and be enabled to understand all major freight derivatives tools.
This is the second, updated and revised, edition of the textbook sold in nearly every country of the world and recognized by many of the industry professionals as the standard reference book on the subject - it is appropriate that it should actually be published at a time of changes happening to the international maritime industry today.
The present release of the book reflects all such changes and also places the emphasis of the required professional approach in all fields of marine practice and shipping management with the intention to provide the service of highest possible quality that is, in turn, required to sustain and further expand the international trade.
The textbook shall also be considered ideal to the people who are employed in shipping companies, both afloat and ashore, as well as to the students who are planning to take the shipping, international trade, export and other relevant examinations. We would treat it as a sort of aide-memoire to the participants of the shipping industry all over the world.
It is very good reference source for the readers who are trying to improve their knowledge of the basic elements of shipping practice as well as the management. The subject of the book is mainly treated in a very practical way, that provides the readers with an overall understanding of the shipping industry economics.
This publication has been initially acclaimed as the reference source addressing the law related to the time charters - the present latest edition of the book provides all readers with a remarkably comprehensive treatment of the subject presented in a very accessible way that made the book so useful and popular among maritime lawyers and ship owners as well as charterers, insurers and other involved parties.
The book covers both US and English law and has been significantly updated with all major decisions since the previous releases. Here are some of the English law decisions that have been covered - The Kos, The Kyla, The Captain Stefanos, The Athena, The Kildare, The Wren, The Silver Constellation, The Lehmann Timber and others; while the US law decisions addressed are The Athos I, The M/V Samho Dream and some others. Definitely valuable must-have source for every maritime lawyer.
Errata file is also included in the pack. In this release of the publication the material has been reordered and rewritten to bring it in line with the intention of the authors to make it easily accessible and understandable not only to the professional maritime lawyers. The authors were trying to present the maritime law in the subject area in a manner which would help people engaged in chartering and operating vessels...
The publication has been already widely recognized as one of the leading authorities on voyage charters and is currently treated as the most comprehensive and remarkably intellectually-rigorous analysis of the subject area - it is cited by arbitrators and in court on quite regular basis and shall definitely be considered as the excellent to-go guidance for disputing and drafting the charter party contracts.
The book is intended to provide readers with the thorough clause-to-clause analysis of the two charter party forms, namely the Asbatakvoy form and the Gencon standard charter party. The authors also deliver treatment of Hague and Hague-Visby Rules, and of COGSA, together with the good comparative analysis if English and US law; the boo also contains a detailed section dedicated to the arbitration awards.
This is the fourth edition of the book - note that it is the only book dealing specifically with the subject key area of maritime law and containing wealth of duly updated arbitrations and case law, conflict of laws and other important aspects. The publication is very user-friendly and this feature makes it accessible not only to maritime lawyers but also the other professionals of the shipping industry - we would recommend to treat this textbook as a practical guidance for all shipping law practitioners and students studying maritime law.
Here is a remarkably comprehensive publication that may serve as an excellent contribution to the literature relating to the maritime economics - it shall definitely be treated as the standard reference in the shipping industry. The publication provides readers with a good in-depth coverage of the whole scope of important issued related to the shipping industry and port economics.
The key features of it would include a truly unprecedented survey of maritime economics performed by the author covering the majority of the items involves, thorough examinations offering an updated study of the industry including all important aspects of maritime industry, logistics issues, port maintenance and management, as well as interesting discussions on the security of ships and ports and, of course, typical problems connected with the environment protection.
The book presents some original theories related to the maritime carriers and shipping ports, and features very valuable contributions from the most recognized and respected international professionals. The first part of the book is introductory while the other three parts cover maritime carriers and markets, ship economics, shipping economics and, finally, port economics.
In the several years that have passed since the times when the first Handbook was released, everyone has noticed numerous events that impacted the shipping markets. The present release of the Handbook contains numerous chapters covering such the important aspects of the maritime economics and business as the business during the XXI century, globalization-related issues, patterns of the international shipping, energy economics, shipping freight markets, shipping market cycles, modal split functions, recreation of the profit/loss of voyages conducted in the very distant past, a brief overview of the today's dry bulk shipping industry, short sea shipping, the tanker marker, its structure and associated economic analysis, co-operation and competition in liner shipping, the evolution of the global supply chain management plus the response of the liner shipping companies.
There is a separate part that has been dedicated solely to the vessel safety and pollution from ships, covering economic measures for air pollution control, accident analysis etc. The other chapters address shipping operations and management, shipping investments, finance and strategy, port economics and various important management aspects of the international logistics, information technology in logistics and shipping business, and others. The book has been influenced by the events that occurred in the early XXI century...
As it is seen from the title, this book provides most of the acronyms and abbreviations that are in use in shipping industry and international trade. It was prepared by Peter Kapoor, Master Mariner. Here is the second edition of the publication. Due to the very rapid advances occurred to the technology and commerce, including ones in maritime industry, so many new abbreviations have been introduced, and all of those newly appeared abbreviations have actually been unabated during last decades.
This made the author completely revise the first edition of this book in order to update it with the results of the very latest developments in the shipping industry and commerce. The format of the book has been significantly simplified to make all of the acronyms and abbreviations appear in one alphabetical sequence - this made the book much easier to use. In fact, the previous edition of the publication only included those foreign acronyms and abbreviations for which the full form was readily available.
The author has changed his approach and no the second edition of the book includes all foreign abbreviations, even if their full term is not available. The book will be very useful for the workers of the shipping companies and anyone involved in the shipping industry and dealing with the commercial matters.
The maritime industry of today is special and very fascinating. We consider it special because of the global nature of the industry, as well as huge investments required and highly cyclical markets - moreover, because of the unique competitive structure of the industry with so many determined players participating. From the other side, it is very fascinating because the fortunes and made - and sometimes lost - at a very fast pace.
The present publication is the outcome of the several forces that shaped the interest of the author in shipping companies and their business strategies. The rationale for this volume would be the proper understanding of the success of global shipping companies. That is why t is directly relevant to the people active in the shipping industry. The book also provides the information on how to manage in today's face of global turbulence. Such understanding will be the key not only for the industry executives but also to the professionals from the other corporations and industries.
The book is arranged in six chapters - first one sets out key strategic challenges of a shipping company, while in the second chapter we discuss the commodity-based strategies. The next chapters are discussing the moves toward niche strategies and the overall portfolio strategies, several organizational issues and, finally, the last chapter is dealing with the ownership side, making emphasis on the benefits that shipping company can make from being public...