Marine Economics & Business

04.06.2021
SHIPPING COMPANY STRATEGIES

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...

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04.06.2021
REEDS 21ST CENTURY SHIP MANAGEMENT

An excellent introduction to the activities relating to the ship management. Take some time going through the material presented in this publication and you will for sure have much better understanding of the shipping industry and its impact on the other areas. The author of the book mainly addressed the major demands of the contemporary ship management with the main focus made on the people managing the ships as well as theory and practice of the management.

It was very important for the author to change the content and arrangement of the subject matter; the intention was not to make the book same as all other publication but rather to engage the users and ask them some questions - to make them able to evaluate how the shipping companies operate and compare with what is stated in the book. Of course, none of the books available at the market today can provide a perfect answers to all the questions; however, this one aims to encourage all ship managers to question how the SMS, i.e. safety management system, of their shipping company operates and see whether there is any room for improvement.

It goes without saying that the main aspect of the ship management process is the involved personnel - they all must very clearly understand ship management model employed by the company and apply it properly.

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04.06.2021
TIME CHARTERS

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...

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04.06.2021
MARITIME COMMERCE AND SECURITY — THE INDIAN OCEAN

The authors of this publication have made an excellent attempt to describe the major commercial trends, together with all associated security implications with the aim to assist all policy makers plus the people from outside of the shipping industry in understanding all vulnerabilities of the industry central to the global economy and security.

The maritime commerce of today in the geographical areas addressed in this volume, i.e. in the Indian Ocean, is considered vital to the global trade - both in volume and in the critically important resources and goods it moves. The significance of the East-Asian and Indian, Australian and South African economies that are steadily growing, shall also be considered, as necessary. It should also be taken into account that, the economic shocks that occurred in the past several years and resulted in the downturn in the trade volumes, have added even more uncertainty about the future destiny of the investments being made.

Nowadays, the relationship between two main factors, i.e. security and commerce - may be presented in numerous forms. The present report is actually a treasury of the research and logical analysis, that have been compiled in a very user-friendly and readable volume.​

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04.06.2021
PORT ECONOMICS

This book presents a study of various economic decisions together with their consequences of the providers and users of shipping port services. Port users include shippers, passengers, and carriers. Port, or terminal, operators will be the primary service providers; other service providers include, for example, ship agents, customs brokers, ship pilots, stevedores, freight forwarders.

Maritime economics itself consists of port and shipping economics. This book is an introduction to port economics. Although this is only a textbook, it is still expected to be useful in maritime research, to port users and service-provider decision makers, and to those of the general public who are interested in port issues. In 1984,1 and two other business professors established the center, Maritime, Trade and Transport (MTT), at Old Dominion University. Given that Norfolk, Virginia has one of the largest container ports on the east Coast of the United States, the main mission is to perform high-quality maritime researches in order to promote the Port of Virginia and international trade in the region. Prior to 1984, although a transportation economist.

I was not a student of maritime economics. However, MTT provided the author with the opportunity to become knowledgeable in the subject. In 1986, MTT was renamed the Virginia Center for World Trade and established as an economic development agency of the Commonwealth of Virginia...

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04.06.2021
ECONOMICS OF SEA TRANSPORT AND INTERNATIONAL TRADE

This remarkably authoritative book written by one of the most recognized experts in the world of maritime economics may be treated as both a perfect introduction to the maritime shipping economics and a very valuable reference source to be used by the commercial practitioners. It is a very reader-friendly publication intended for those needing a thorough and clear overview of the commercial and economic issues that are commonly involved in the ownership, chartering and management of the ships.

The author has provided an excellent description of the major canals and marine ports together with the economies of scale in vessel sizes. There are many data diagrams and informative graphs supplementing the explanations of the demand and supply of the shipping industry. The content of the volume examines the broader maritime industry including tanker ships, dry cargo vessels, the liner trading and ship sale. The author also describes the main factors contributing to the cycles affecting the shipping industry of today.

The ship management and the information required by the ship brokers for effective operation of the vessels have been covered in the pages of this book making it even more valuable. The book details the commercial and contractual fundamentals considered specific to the shipping industry and covering the balance of payments and other important aspects.

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04.06.2021
LEGAL PRINCIPLES IN SHIPPING BUSINESS

The present publication was released by ICS with the intention to clearly describe the way that the modern maritime shipping law affects the industry. The author of the volume has provided a good and easily understandable description of this industry aspect and how it works, explaining in detail the charter parties together with the various types of documentation related to the shipping, for example waybills and bills of lading.

He has also described the fundamental principles and basic components of contract law. The content of the volume contains thorough explanation of the shipping law concepts, case law, precedent and their contrast with the statute law. That is why this volume is considered essential reading for all people with the interest in legal principles and will also be useful to any persons willing to expand their understanding of this subject. It is very important to understand all legal rules as it helps in minimizing the potential risks, and the law philosophy commonly plays critically important role.

There is no law system that would be totally independent from the society in which it exists. The readers will get to understand this as they go through the material in this volume. Apart from the good introduction to the shipping law, the publication covers such important matters as the contract law and tort, charter parties, voyage charters, agency and bills of lading, dispute resolution and carriage related conventions etc.

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04.06.2021
INTRODUCTION TO SHIPPING

An introduction to the world's biggest industry. Before the construction of any vessel commences, the ship designers together with the nominated class societies shall design the proposed design with the future owner. The publication explores not only the vessels themselves with the shipping markets, but also the geography of the commercial maritime world, considering most important legal aspects of the shipping industry.

In addition, the authors pay due attention to the corporate structures and fundamental accounting matters, taking into consideration that all commerce is eventually dealing with money. The content of the volume opens with introductory chapters on maritime geography and shipping business including the basics of the theory of trade.

The following several chapters are devoted to the practitioners including ship managements and sale of ships, supply of ships including their registration and classification as well as PSC related issues, and liner trades including brief historical background, containerization and liner documentation. Two closing chapters of the book are dealing with the accounts and law of carriage covering absolutely all items that deserve attention.

Such approach has made this book a real must-have to all people interested in the shipping industry, both ashore and at sea, commercial and technical. There are as much as thirty-one appendices to the book providing lots of supplementary information.

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