- Paperback: 840 pages
- Publisher: Routledge; 3 edition (19 December 2008)
- Language: English
- ISBN-10: 041527558X
- ISBN-13: 978-0415275583
- Product Dimensions: 17.1 x 3.8 x 23.5 cm
- Average Customer Review: Be the first to review this item
- Amazon Bestsellers Rank: #3,08,464 in Books (See Top 100 in Books)
Maritime Economics 3e Paperback – 19 Dec 2008
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'This is a splendid book, well illustrated, with plenty of technical explanation as to the hardware employed by this fascinating industry. It deserves to be at the elbow of all those who pretend to any knowledge of the amazing maritime world we cheerfully inhabit.' - Michael Grey, Lloyd's List
Maritime Economics is an exceptionally well-written overview of the international shipping industry. - CHOICE
About the Author
Martin Stopford has enjoyed a distinguished career in the shipping industry as Director of Business Development with British Shipbuilders, Global Shipping Economist with the Chase Manhattan Bank N.A., Chief Executive of Lloyds Maritime Information Services; Managing Director of Clarkson Research Services and an executive Director of Clarksons PLC. He lectures regularly at Cambridge Academy of Transport and is a Visiting Professor at Cass Business School, Dalian Maritime University and Copenhagen Business School.
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Most helpful customer reviews on Amazon.com
In an attempt to get away from the typical Wall Street drivel, I bought three books on shipping
This is by far the best comprehensive book.
It covers the actual aspects of operating a ship (always important when understanding an industry)
But it covers the economics of a ship owner, some macro analysis on trade and a great section on maritime history
More importantly, it review the history of shipping cycles
Thus is book gives investors all the tools to evaluate the shipping sector for potential investments
If nothing else, buy this book first, read it, then see what else you need to learn
Only criticism is that the 2008-2011 boom collapse is not really covered in this edition (2009 edition but really only has data up to 2007) which is understandable, but an analysis of the current extreme boom and subsequent bust would be helpful
Books weaknesses are:
a) Dated information. This most important weakness by far. Nearly all data/information, most of which the author collected and/or tabulated himself (and in many cases developed himself) is from the early 1990s and the late 1980s. Immense changes resulting from seaborne trading patterns due to China's and emergin nation's economic integration into the global economy are hence not discussed in the book. This is desprite the fact taht these chages are probably the most radical to maritime trade since the end of WWII.
This problem will hopefully be remedied in the new edition of the book which is to be released January 2009.
b) Little discussion regarding the market for crews. This is despite the fact that the author himself expllicitely states this is a critical bottleneck for the industry. A chapter (or at least a few pages instead of a sentence or two) adressing this aspect of the business is needed.
A new Third Edition of this book has recently been published that updates most of the information contained in the 2nd ed. Althouth about $20 more expensive, this updated information, along with other improvements (i.e., expanded chapters, very detailed cost-breakdown information on a variety of different types of vessels, etc.- for more details see my review of the third edition) make this extra $20 a worth while investment.