Topic > Microeconomics of Maritime Shipping - 1891

Introduction Much of our modern information on the maritime economy is based primarily on historical events in the global economy. As the world becomes increasingly globalized and interconnected, shipping is facing challenges and enjoying greater business opportunities. Ocean shipping is primarily the primary means of transporting components and finished products around the world. Since shipping is a very old industry, with a history of continuous, sometimes gradual and occasionally catastrophic change, from time to time we find that shipping and trade drift away from the economy only to magically reappear in some new voyages that no other sector has played such an important role. central part in economic travel over thousands of years. The airline industry is the closest counterpart to maritime transport and has just 60 years of economic history. It plays a vital role in the economic development and trade of countries. In essence, economic development, trade and transportation support each other. Ocean liner shipping is regular scheduled service on established ocean routes between countries or areas. Liners mainly carry relatively high-value manufactured goods. Although liners account for less than 53% of all cargo, they account for more than 93% of U.S. cargo. (http://www.wto.org) A striking feature of the outbound shipping business is the diverse character of companies in different parts of the industry. Liners and bulk carriers belong to the same industry, but appear to have little else in common. Different groups of companies are involved in the transport chain, some directly, others indirectly. The direct protagonists are the owners of the cargo, often the p...... in the center of the card ......b/osterlin/docDetail.action?docID=105471752. Plank, Geoffrey. "Sailing with John Woolman: the millennium and maritime trade." Early American Studies 7.1 (2009): 46+. Academic OneFile. Network. March 22, 20143. Seattle Economic Development Council and King, C. (11). Study Reveals $30 Billion Economic Impact of Marine Industry in Washington State. Business Wire (English4. Rupert L. Marronage, Manumission and Maritime Trade in the Early Modern Caribbean. Slavery & Abolition [serial online]. September 2009;30(3):361-382. Available from: Academic Search Elite, Ipswich, MA Accessed March 22, 20145. http://marinepedia.blogspot.com/2009/10/shipping-market-model.html6 http://ramiwaheed.wordpress.com/2012/09/15/the-economic-role. -of-the-shipping-industry/7. Shipping and Logistics Management by Yuen Ha (Venus) Lun, Kee Hung Lai and Tai Chiu Edwin Cheng (April 7, 2010)8.