For 5000 years shipping has served the world economy and today it provides a sophisticated transport service to every part of the globe. Yet despite its economic complexity, shipping retains much of the competitive cut and thrust of the "perfect" market of classical economics. This blend of sophisticated logistics and larger than life entrepreneurs makes it a unique case study of classical economics in a modern setting.

The enlarged and substantially rewritten Maritime Economics uses historical and theoretical analysis as the framework for a practical explanation of how shipping works today. Whilst retaining the structure of the second edition, its scope is widened to include: lessons from 5000 years of commercial shipping history shipping cycles back to 1741, with a year by year commentary updated chapters on markets; shipping costs; accounts; ship finance and a new chapter on the return on capital new chapters on the geography of sea trade; trade theory and specialised cargoes updated chapters on the merchant fleet shipbuilding, recycling and the regulatory regime a much revised chapter on the challenges and pitfalls of forecasting. With over 800 pages, 200 illustrations, maps, technical drawings and tables Maritime Economics is the shipping industry's most comprehensive text and reference source, whilst remaining as one reviewer put it "a very readable book".

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.

Challenging the stereotype of premodern China as an agricultural nation, this book examines the development of the maritime sector, maritime institutions, and sea power in the premodern era. Initially discussing topics related to China's exports, such as ship design and construction, goods produced solely for export, capital accumulation and investment in the maritime sector, and trade networking, the volume goes on to consider the impact of maritime institutions, governmental trade and non-trade policies, and Confucian attitudes toward maritime activities.

Finally, the book shows how China obtained technological, economic, and naval supremacy in Asian waters until the 18th century and goes on to discuss the reasons for the decline of the maritime sector in the 19th century.

Merchant navies are more than simply freight-hauling services. They represent economic and industrial strength and are important adjuncts to a nation's navy, providing material support as well as a supply of trained manpower. This study revises the definition of maritime power through a more comprehensive understanding and appreciation for the roles played by the merchant marine of a nation.

Crossing open waters has always been a dangerous undertaking, but drawing close to the destination is the most hazardous part of the sailor's journey. Reaching the right harbor during the night and knowing how to avoid razor-sharp rocks or reefs is a task that can defeat the most experienced navigator--often with fatal results.
Since earliest times the response to these dangers has been to erect a light-bearing tower, a beacon to sailors that could guide them into port safely. Some of these early lighthouses were merely stone towers built on the shore, but others, like the Colossus of Rhodes--a 110-foot (33m) statue of the sun god Helios, built in 282 B.C. in the Mediterranean--became wonders of the ancient world.
Architecturally imposing and cloaked with an air of romance, lighthouses continue to fascinate us. Often there are tales of strange events connected to lonely lighthouses--tragic stories of keepers and ghosts at sea.
Minot's Ledge is one such place. At least forty vessels had run aground off this deadly outcrop just southeast of Boston before construction of a tower began in 1847. It didn't last very long. Four years later, the original lighthouse was toppled by a devastating hurricane that washed its two keepers into the sea. Although Minot's Ledge Light is no longer manned, tales persist of eerie sounds, slamming doors, and apparitions of a man, soaking wet, clinging to a rope outside the new tower This is a chilling reminder that even the most valiant efforts to prevent tragedy can be in vain.
Leo Marriott's LIGHTHOUSES, illustrated with more than 100 color photographs, takes readers on a historical and international tour of these wonderful structures. It recounts tales of great courage and tragedy, as well as details of why and how the lighthouses were built.

The Business of Shipbuilding thoroughly analyses vessel construction, from material receipt and preparation, to final outfitting. It explains the central role of computer technology in the design process, the growing importance of supply chain management for materials and services and the use of subcontractors. Methods of measuring progress, productivity, performance and the need for enforcing standards during construction are also discussed. Through the use of practical examples, The Business of Shipbuilding explains the structure of shipbuilding in Japan, Korea, the European Union, China, Eastern Europe and the Americas and places this in the context of the economic and political climate of each region. Written in a clear and concise style and illustrated throughout with diagrams, charts and plans, The Business of Shipbuilding will be an invaluable reference tool both for experienced shipbuilders and for shipowners, managers, operators, brokers, insurers, lawyers, universities, surveyors and equipment suppliers.

These essays deal with questions of navigation and, more broadly, the intellectual challenges posed by Spain's acquisition of an empire across the Atlantic. Crudely, they had to find out what was where and how to get there. The first section of the volume looks at the 16th-century Sevillan cosmographers and pilots charged with this task: their achievements, the social and political context in which they worked, and the methods used to establish scientific truths - including the resort to litigation. Ursula Lamb then turns to examine specific problems, from the routing of transatlantic shipping to the application of cartographic coordinates to allocate unexplored territories. The final articles move forward to the time when, after a lapse of two centuries, Spanish nautical science became revitalised, and the Spanish Hydrographic Office was established.

This book demonstrates that different rudder configurations have different hydrodynamic characteristics, which are influenced by the profile, the parameters, and the specific configuration. The author proposes new regression formulas to help naval architects quickly estimate the rudder-induced forces and moments in maneuvering. Furthermore, the author proposes and validates an integrated maneuvering model for both seagoing ships and inland vessels. Using the proposed regression formulas and maneuvering model, the specific impacts of rudder configurations on inland vessel maneuverability are studied. In turn, the book demonstrates the application of Reynolds-Averaged Navier-Stokes (RANS) simulations to obtain rudder hydrodynamic characteristics, and the integration of the RANS results into maneuvering models as an accurate estimation of rudder forces and moments needed to quantify the impacts of rudder configurations on ships' maneuvering performance. In addition, the author proposes new criteria for the prediction and evaluation of inland vessel maneuverability. Simulations of ships with various rudder configurations are presented, in order to analyze the impacts of rudder configurations on ship maneuverability in different classic and proposed test maneuvers. Offering essential guidance on the effects of rudders for inland vessel maneuverability, and helping practical engineers make informed design choices, the book is of interest to researchers and academics in the field of naval engineering, as well as students of naval architecture. Industrial practitioners working on ship design may also find it beneficial.

The second edition of Shipboard Electrical Power Systems addresses new developments in this rapidly growing field. Focusing on the industry trend toward electric propulsion for cruise, navy, and commercial ships, the book aids new or experienced engineers in mastering the cutting-edge technologies required for power system design, control, protection, and economic use of power. Covering the latest emission standards on ships, and the clean power technologies necessary to meet such stringent regulations, the book compiles essential information on power system design, analysis and operation, uniquely bringing all three together under one cover. Beginning by covering power system basics, the book goes on to detail power generation, electrical machines and batteries, with new chapters on electric propulsion, shipboard emission regulations, and clean power technologies. Updated throughout to reflect this rapidly changing field, the second edition clearly explains complicated electrical concepts using mechanical and hydraulic analogies to aid marine engineers in understanding difficult elements of the field. The book is an indispensable resource for well-rounded engineering students and professional engineers. This textbook is essential reading for students of marine engineering, electrical power systems, and electrical engineering, alongside engineers working on commercial and navy ships, on ports, on land, and offshore rigs.

Since it was first published in 1964, "Elements of Shipping" has become established as a market leader. Now in its ninth edition, "Branch s Elements of Shipping, " renamed in memory of Alan Branch, has been updated throughout and revised to take in the many changes that have occurred in the shipping industry in recent years, including the impact of the economic crisis, the Panama Canal expansion and new legislation. All tables and data have been brought up-to-date and many new illustrations have been added.

The book explains in a lucid, professional manner the basic elements of shipping, including operational, commercial, legal, economic, technical, managerial, logistical and financial considerations. It also explores how shipping markets behave and provides an overview of the international shipping industry and seaports. Filling a gap for the discerning reader who wishes to have a complete understanding of all the elements of the global shipping scene together with the interface with seaports, international trade and logistics, it remains essential reading for shipping executives along with students and academics with an interest in the shipping industry."

In April 1956, a refitted oil tanker carried fifty-eight shipping containers from Newark to Houston. From that modest beginning, container shipping developed into a huge industry that made the boom in global trade possible. The Box tells the dramatic story of the container's creation, the decade of struggle before it was widely adopted, and the sweeping economic consequences of the sharp fall in transportation costs that containerization brought about. But the container didn't just happen. Its adoption required huge sums of money, both from private investors and from ports that aspired to be on the leading edge of a new technology. It required years of high-stakes bargaining with two of the titans of organized labor, Harry Bridges and Teddy Gleason, as well as delicate negotiations on standards that made it possible for almost any container to travel on any truck or train or ship. Ultimately, it took McLean's success in supplying U.S. forces in Vietnam to persuade the world of the container's potential. Drawing on previously neglected sources, economist Marc Levinson shows how the container transformed economic geography, devastating traditional ports such as New York and London and fueling the growth of previously obscure ones, such as Oakland. By making shipping so cheap that industry could locate factories far from its customers, the container paved the way for Asia to become the world's workshop and brought consumers a previously unimaginable variety of low-cost products from around the globe. Published in hardcover on the fiftieth anniversary of the first container voyage, this is the first comprehensive history of the shipping container. Now with a new chapter, The Box tells the dramatic story of how the drive and imagination of an iconoclastic entrepreneur turned containerization from an impractical idea into a phenomenon that transformed economic geography, slashed transportation costs, and made the boom in global trade possible.

This 600 page textbook must be a good candidate for being the authoritative reference on its subject...This book reveals all through a good, clear text amply illustrated...The authors and publisher are to be congratulated on an excellent production.--The Naval Review Well organized, clear and easy to read. The second edition has been enlarged with various items devoted to new electronic equipment now encountered by mariners, especially those concerned with navigational and radiocommunication equipment.--International Hydrographic Bulletin A major and standard text, now much enlarged and revised with sections on radar, communications, the gyro compass and all navigation systems encountered in merchant ships. Full and expert treatment of all aspects of electronic navigation and communication systems making it one of the leading references on its subjects.--Lloyds List

This book explores the types of conflicts that occur over marine and coastal resources, the underlying causes, and attempts to prevent them. Despite the emergence of various marine and coastal governance approaches to address the effects of human activities within the marine environment, conflict continues. In this book, the author outlines the reasons conflicts can, and do, arise in the marine and coastal environment. Drawing on case studies from both the northern and southern hemispheres, the book takes a broad view of how we interact with our environment, of how and why conflict is perpetuated as a political and cultural phenomenon, and how this varies or remains constant across space and place. The case studies explore not only the underlying perceptions and needs of those involved in marine and coastal conflict and the types of conflicts that arise in oceanic and coastal areas, but also the underpinning reasons for these conflicts. Marine and coastal resource conflicts have the potential to derail conservation efforts and blue growth policies, as well as the United Nations Sustainable Development Goals. Thus, it is imperative we understand the drivers and exacerbating factors of marine and coastal conflict. Arguing that there is an urgent need for renewed thinking and focus on conflict prevention, the author develops a theory of marine and coastal conflict which allows us to understand those factors and the means to help prevent such conflicts arising in the first place. This book will be of interest to students and researchers of coastal and marine science and environmental management as well as those working in the field of marine resource management, including coastal zone managers and fisheries managers.

Shipping has many hundreds of terms and phrases whose meaning is not always obvious, even for experienced practitioners. This comprehensive dictionary contains concise definitions of maritime terms and phrases, including those used in liner, tramp and bulk shipping. This sixth edition contains new terms and phrases which cover: The latest technological and other improvements in cargo handling Improvements in port equipment Developments in the way freight charges and surcharges are levied New documentation on bills of lading and charter-party clauses. This book will be an immensely useful reference tool for all professionals involved in maritime transport, including ship-owners, shipbrokers, freight forwarders, port authorities, average adjusters, and ship operators. Practitioners, students and academics of maritime law will also find the book of great value, as will those in related industries such as banking, commercial and insurance law.

This handbook provides a wide-ranging, coherent, and systematic analysis of maritime management, policy, and strategy development. It undertakes a comprehensive examination of the fields of management and policy-making in shipping by bringing together chapters on key topics of seminal scientific and practical importance. Within 21 original chapters, authoritative experts describe and analyze concepts at the cutting edge of knowledge in shipping. Themes include maritime management and policy, ship finance, port and maritime economics, and maritime logistics. A study examines the determinants of ship management fees. Aspects of corporate governance in the shipping industry are reviewed and there is a critical review of the ship investment literature. Other topics featured include the organization and management of tanker and dry bulk shipping companies, environmental management in shipping with reference to energy-efficient ship operation, a study of the BIMCO Shipping KPI standard, utilizing the Bunker Adjustment Factor as a strategic decision-making instrument, and slow steaming in the maritime industry. All chapters are written to provide implications for further advancement in professional practice and research. The Routledge Handbook of Maritime Management will be of great interest to relevant students, researchers, academics, and professionals alike. It provides abundant opportunities to guide further research in the areas covered but will also initiate and inspire effective maritime management.

The Routledge Handbook of Transport Economics offers the first state of the art overview of the discipline of transport economics as it stands today, reflective of key research and policy. Transport is an important area of study and one which is problem rich, stimulating a great deal of debate in areas which impact on everyday lives. Much of this focuses on the practicalities of the modern-day phenomenon of mass movement and all of the issues which surround it. The discipline of economics is central to this debate, and consequently the study and application of transport economics has a chief role to play in seeking to address subjects relating to major transport issues. It can be argued that at the very heart of any transport issue or problem lies the underlying economics of the situation - understand that and you alleviate the problem. Featuring contributions from world-leading scholars and practitioners from across the globe, all of the chapters within this book are written from a practical perspective; theory is applied and developed using real-world examples. The book examines concepts, issues, ideas and practicalities of transport provision in five key topic areas: public transport public transport reform economic development and transport modelling transport and the environment freight transport. A real strength of the book is in linking theory to practice, and hence the 'economics' that are examined in this text are not the economics of the abstract, but rather the economics of everyday living. Practical and insightful, this volume is an essential reference for any student or researcher working in all areas of transport provision, ranging from planning, appraisal, regulation and freight; and for all practitioners looking to develop their professional knowledge and who are seeking professional accreditation.

The regulation of greenhouse gas emissions from international aviation and maritime transport has proved to be a difficult task for international climate negotiations such as the Paris Agreement in 2015. Almost two decades prior, Article 2.2 of the Kyoto Protocol excluded emissions from international aviation and maritime transport from its targets, delegating the negotiation of sector-specific regulations to the International Civil Aviation Organization (ICAO) and the International Maritime Organization (IMO), respectively. However, progress at these venues has also been limited. Regime Interaction and Climate Change maps out the legal frameworks in the Climate, ICAO and IMO regimes, and explores the law-making process for the regulation of international aviation and maritime transport through the lenses of fragmentation of international law and regime interaction. The book sheds light on how interaction between these three regimes occurs, what the consequences of such interaction are and how they can be managed to resolve conflicts and promote synergies. This book will be of great interest to scholars of international environmental law and governance, climate change policy and climate change law.

Over the last decade the concept of clustering has become a central idea for analyzing the competitiveness of nations, industries and firms. This book shows how the cluster concept can be usefully applied to the study of maritime activities. Such activities, including shipping, shipbuilding and port and maritime services, are clearly geographically concentrated in a number of maritime clusters. However, as the author shows, these are having to compete with other uses of the coasts and oceans including capture fisheries, marine aquaculture, offshore energy and tourism. Sound governance and planning is therefore required to manage the competing claims for ocean space. The book shows how competing industries and other stakeholders can cooperate and benefit from an integrated approach to the development of maritime clusters. The contribution of approaches such as integrated coastal zone management and innovations such as ocean business councils, as well as coordinated networks of maritime clusters are reviewed. Case studies are included from around the world, including detailed examples of the development of the Nelson Mandela Bay Maritime Cluster in South Africa and from Poland in the Baltic Sea.

Containerization provides optimization of handling processes in terms of intermodality and efficient cargo handling, and maritime transport, in particular, it provides further optimization of shipping processes in terms of volume and distance. Containerization has become the most significant factor stimulating the development of modern global trade. With the progress of globalization taken into account (longer distances and increasing cargo volumes), it can be seen that cargo becomes predestined to be transported by sea, which encourages ship owners to enlarge their fleets of container ships. Containerization in Maritime Transport: Contemporary Trends and Challenges addresses the key challenges to maritime transport and containerization, beginning with economic and managerial factors, through organizational, technical, operational, information and IT challenges, and ending with ecological challenges-ideally to lessen the environmental impacts of maritime transport. Features: Discusses the latest technological advances in shipping, including augmented reality (AR), virtual reality (VR), artificial intelligence (AI), 5G networks, smart camera and computer vision systems, and digital twin technology. Presents ecological considerations and solutions that are indispensable to develop efficient and safe green supply chains. Examines the economic aspects of shipping with regard to transport and container handling costs in international trade.

During the heyday of the U.S. and international labor movements in the 1930s and 1940s, Ferdinand Smith, the Jamaican-born co-founder and second-in-command of the National Maritime Union (NMU), stands out as one of the most--if not the most--powerful black labor leaders in the United States. Smith's active membership in the Communist Party, however, coupled with his bold labor radicalism and shaky immigration status, brought him under continual surveillance by U.S. authorities, especially during the Red Scare in the 1950s. Smith was eventually deported to his homeland of Jamaica, where he continued his radical labor and political organizing until his death in 1961.

Gerald Horne draws on Smith's life to make insightful connections between labor radicalism and the Civil Rights Movement--demonstrating that the gains of the latter were propelled by the former and undermined by anticommunism. Moreover, Red Seas uncovers the little-known experiences of black sailors and their contribution to the struggle for labor and civil rights, the history of the Communist Party and its black members, and the significant dimensions of Jamaican labor and political radicalism.

This book specifically addresses the maritime security environment with proposals to make international trade and maritime transportation more secure and cost effective. It provides a comprehensive approach to implementing security measures that promote efficiency and effectiveness. Finally it makes an economic case for how "smart" security reduces costs. Topics covered include: international maritime operating environment; unique characteristics of ports and international shipping; threats to ports and the maritime environment; current approaches; and principles for effective maritime and port security. Real-world case studies round out this practical resource for security professionals and policymakers.

Econometric Modelling of World Shipping describes an economic model that may be used to forecast world shipping markets. A unique feature of the model is that it relates to both sectors of world shipping, the dry cargo sector and the tanker sector. This is the first time that a model of this type has been published. This book also breaks new ground in explaining the behaviour of vessel prices, both new and secondhand.

In the tradition of The Perfect Storm and Into Thin Air, Rachel Slade's Into the Raging Sea is a nail-biting account of the sinking of the container ship El Faro, the crew of thirty-three who perished onboard, and the destructive forces of globalisation that put the ship in harm's way. On October 1, 2015, Hurricane Joaquin barreled into the Bermuda Triangle and swallowed the container ship El Faro whole, resulting in one of the worst shipping disasters in decades. No one could fathom how a vessel equipped with satellite communications, a sophisticated navigation system, and cutting-edge weather forecasting could suddenly vanish - until now. Relying on hundreds of exclusive interviews with family members and maritime experts, as well as the words of the crew members themselves - whose conversations were captured by the ship's data recorder - journalist Rachel Slade unravels the mystery of the sinking of El Faro. As she recounts the final twenty-four hours onboard, Slade vividly depicts the officers' anguish and fear as they struggled to carry out Captain Michael Davidson's increasingly bizarre commands, which, they knew, would steer them straight into the eye of the storm. Taking a hard look at America's aging merchant marine fleet, Slade also reveals the truth about modern shipping - a cutthroat industry plagued by razor-thin profits and ever more violent hurricanes fueled by global warming. A richly reported account of a singular tragedy, Into the Raging Sea takes us into the heart of an age-old American industry, casting new light on the hardworking crew of El Faro who paid the ultimate price in the name of profit.

The regulation of greenhouse gas emissions from international aviation and maritime transport has proved to be a difficult task for international climate negotiations such as the Paris Agreement in 2015. Almost two decades prior, Article 2.2 of the Kyoto Protocol excluded emissions from international aviation and maritime transport from its targets, delegating the negotiation of sector-specific regulations to the International Civil Aviation Organization (ICAO) and the International Maritime Organization (IMO), respectively. However, progress at these venues has also been limited. Regime Interaction and Climate Change maps out the legal frameworks in the Climate, ICAO and IMO regimes, and explores the law-making process for the regulation of international aviation and maritime transport through the lenses of fragmentation of international law and regime interaction. The book sheds light on how interaction between these three regimes occurs, what the consequences of such interaction are and how they can be managed to resolve conflicts and promote synergies. This book will be of great interest to scholars of international environmental law and governance, climate change policy and climate change law.

Over the last decade the concept of clustering has become a central idea for analyzing the competitiveness of nations, industries and firms. This book shows how the cluster concept can be usefully applied to the study of maritime activities. Such activities, including shipping, shipbuilding and port and maritime services, are clearly geographically concentrated in a number of maritime clusters. However, as the author shows, these are having to compete with other uses of the coasts and oceans including capture fisheries, marine aquaculture, offshore energy and tourism. Sound governance and planning is therefore required to manage the competing claims for ocean space. The book shows how competing industries and other stakeholders can cooperate and benefit from an integrated approach to the development of maritime clusters. The contribution of approaches such as integrated coastal zone management and innovations such as ocean business councils, as well as coordinated networks of maritime clusters are reviewed. Case studies are included from around the world, including detailed examples of the development of the Nelson Mandela Bay Maritime Cluster in South Africa and from Poland in the Baltic Sea.

A fascinating account of varied careers, providing a rich snapshot of the later eighteenth-century sailing navy in microcosm. This book sets out the lives of seventeen 'young gentlemen' who were midshipmen under the famous Captain Sir Edward Pellew. Together, aboard the frigate HMS Indefatigable, they fought a celebrated action in 1797 against theFrench ship of the line Les Droits de l'Homme. C. S. Forester, the historical novelist, placed his famous hero, Horatio Hornblower, aboard Pellew's ship as a midshipman, so this book tells, as it were, the actual stories of Hornblower's real-life shipmates. And what stories they were! From diverse backgrounds, aristocratic and humble, they bonded closely with Pellew, learned their naval leadership skills from him, and benefited from his patronage and his friendship in their subsequent, very varied careers. The group provides a fascinating snapshot of the later eighteenth-century sailing navy in microcosm. Besides tracing the men's naval lives, the book shows how they adapted to peace after 1815, presenting details of their civilian careers. The colourful lives recounted include those of the Honourable George Cadogan, son of an earl, who survived three courts martial and a duel to retire with honouras an admiral in 1813; Thomas Groube, of a Falmouth merchant family, who commanded a fleet of boats which destroyed the Dutch shipping at Batavia, capital of the Dutch East Indies, in 1806; and James Bray, of Irish Catholic descent, who was killed commanding a sloop during the American war of 1812. Heather Noel-Smith is a genealogist and a retired Methodist minister. Lorna Campbell is a digital education manager at the University of Edinburgh and an education technology consultant. They are both independent researchers.