SHIPPING BUSINESS UNWRAPPED

The shipping industry may not be widely known to the public, but it plays a highly significant role in the global economy. This book offers an overview of the shipping business, grounded in microeconomic theories from both institutional and behavioral perspectives, while revealing some of the industry’s hidden facts. Instead of dedicating extensive time to reading numerous books or hiring expensive advisors on fundamental topics, readers can swiftly access key concepts analyzed from multiple angles.

They will enjoy the engaging, story-driven content and discover many surprising truths about this intriguing field. Many people overlook the shipping sector's importance. Although consumers are aware that many of their products originate abroad, they rarely pause to consider the journey—how these goods travel from distant countries to local stores. When they think of ocean-going vessels, they often romanticize stories of shipowners and captains.

In reality, modern shipping is a highly industrialized operation involving a complex network of logistics, countless transactions, multimillion-dollar deals, and billions worth of cargo. The financial side of maritime activities has also evolved, with ships bought and sold as investment assets comparable to stocks, managed by corporate executives, and often involved in speculation using advanced financial instruments. Most notably, the development of maritime transportation and shipping has been a crucial driver of globalization.