This advanced practical textbook deals with the issue of risk analysis, measurement and management in the shipping industry. It identifies and analyses the sources of risk in the shipping business and explores in detail the "traditional" and "modern" strategies for risk management at both the investment and operational levels of the business. The special features and characteristics of all available freight derivative products are compared and contrasted between them. Practical applications of derivatives are showcased through realistic practical examples, while a number of concepts across the contents of this book appear for the first time in the literature. The book also serves as "the reference" point for researchers in the area, helping them to enhance their knowledge of risk management and derivatives in the shipping industry, but also to students at both undergraduate and postgraduate levels. Finally, it provides a comprehensive manual for practitioners wishing to engage in the financial risk management of maritime business. This second edition has been fully updated in order to incorporate the numerous developments in the industry since its first edition in 2006. New chapters have been introduced on topics such as Market Risk Measurement, Credit Risk and Credit Derivatives, and Statistical Methods to Quantify Risk. Furthermore, the second edition of this book builds upon the successful first edition which has been extensively (i) taught in a number of Universities around the world and (ii) used by professionals in the industry. Shipowners, professionals in the shipping industry, risk management officers, credit officers, traders, investors, students and researchers will find the book indispensable in order to understand how risk management and hedging tools can make the difference for companies to remain competitive and stay ahead of the rest.

Now in its fourth edition, this illustrated dictionary gives readers a visual representation of all elements of maritime transport which relate to the handling and movement of cargo. This is particularly for the benefit of shore-based personnel who often do not get the opportunity to see first-hand how the cargoes they are working on are handled and moved. The book covers: every major commodity how it is loaded how it is discharged what equipment is used to handle and store it any specialised terminal required This new edition not only includes many new definitions, it also benefits from several photographic sequences showing cargo loading and discharging processes in action from start to finish. This book is a valuable reference to any professionals working in the shipping and cargo handling industry.

This book considers both the present state of Arctic shipping and possible future trends with reference to the various sectors of maritime transportation: cruise tourism, container traffic and bulk shipping. Ports are analysed as tools that support the strategies of coastal states to foster the development of resource extraction, enhance the attractiveness of Arctic shipping lanes and enable the control of maritime activities through coast guard deployment. The aim of this book is to draw a picture of the trends of Arctic shipping. How is traffic evolving in Canada's Arctic, or along the Northern Sea Route? Are there significant differences between bulk and container shipping segments when considering the Arctic market? How are the ports and the hinterland developing and what are the strategies behind those? How is the legal framework shaping the evolution of maritime transportation? The contributors to this book consider all of these questions, and more, as they map out the prospects for Arctic shipping and analyse in detail the development of Arctic shipping as a result of multi-variable interactions. This book will be key reading for industry professionals and post-graduate students alike.

The ISM Code has been mandatory for almost every commercial vessel in the world for more than a decade and nearly two decades for high risk vessels, yet there is very little case law in this area. Consequently, there remains a great deal of confusion about the potential legal and insurance implications of the Code. This third edition represents a major re-write and addresses significant amendments that were made to the ISM Code on 1st July 2010 and 1st January 2015. This book provides practitioners with a practical overview of, and much needed guidance on, the potential implications of failing to implement the requirements of the Code. It will be hugely valuable to DPAs, managers of ship operating companies, ship masters, maritime lawyers and insurance claims staff.

Training and certification for Seafarers has been founded on technical aspects, but maybe the most important thing to do aboard a ship is dealing with people. This book, written with seamen in mind, covers areas of expertise that every officer should know to improve motivation, engagement, teamwork, and conflict handling; in short, to be a leader. This book also covers the new requirements for every officer or merchant marine and can be used in courses on this topic. It focuses on seafarers' needs and the language used, avoiding the excessive use of psychological terms, yet keeping the accuracy. Features Covers new requirements for every Merchant Marine Officer Written for and by a seaman, with the accuracy of a psychologist Presents knowledge on how to improve motivation, engagement, teamwork, and conflict handling Includes how to manage people in emergency situations and avoid the loss of lives, like the disaster of Costa Concordia and Estonia

This book sheds light on the nature and causes of the issues and challenges in human resources in shipping and proposes fresh recommendations to manage them. It explains the multiple forces at play, including the global regulatory regime, national institutional frameworks, industrial practices, trade union responses, and pressures from customers and non-governmental organisations. Human Resource Management in Shipping integrates seafarer employment data released by national maritime authorities and a large body of literature that discusses discrete human resources issues in shipping into a single volume, providing readers with a comprehensive understanding of the issues and challenges within human resources in shipping. Beyond this, the book also offers a fresh perspective on some of the long lasting HRM challenges in the industry, such as skills shortage and seafarer recruitment and retention. This book aims to provide readers with systematic and in-depth knowledge of human resource management in shipping, and offers researchers a valuable source of reference and a solid foundation on which further development can be built.

Once an essential part of nautical navigation and commerce, the world's lighthouses have become historical relics of days past, their primary function now replaced by modern technology. Yet these magnificent structures continue to fascinate us, not only for their intrinsic beauty, but also as monuments to our shared history, and as symbols of hope and salvation to those cast adrift on the stormy seas of life. From the mid-eighteenth through the early twentieth centuries, the waterways of coastal Georgia from the St. Marys River in the south to the Savannah River in the north were an integral part of the state's economy, vital to the trade in cotton, rice, timber, naval stores, and other products shipped to ports in America and around the world. Georgia's barrier islands are today the site of five existing lighthouses, each with its own unique style, history, and role in events over the past decades and centuries. In addition, focusing on these beacons, Lighthouses of the Georgia Coast reviews the basics of lighthouse design and construction, the role, lore and legacy of lighthouse keepers, the significance of lighthouses as strategic structures during the turbulent days of the Civil War, and more. Richly illustrated with both contemporary and historical photos, the reader or visitor will gain a deeper and more comprehensive understanding of Georgia's lighthouses and of similar structures on coasts and waterways around the world.

Maritime transport is a constantly evolving critical transport mode, thoroughly explored in this timely book from a geographical perspective. Chapters cover maritime shipping markets, territories of maritime shipping, institutional dimensions, and environmental and future challenges. With contributions from researchers in a range of disciplines, including geography, economics, law and spatial planning, as well as practitioners, the book emphasizes the wide-ranging interest in and impacts of maritime transport. Offering empirically rich studies of historical and contemporary geographies of maritime transport, this book also looks ahead to the importance of adaptation and of questioning the effects of the continued economization of maritime transport. Geography, transport economics, logistics and management scholars will appreciate the thorough case studies and in-depth analyses of the topics offered in the book. It will also benefit industry and government representatives looking for a broader understanding of the recent evolution of maritime transport in a globalizing world. Contributors include: M. Acciaro, G. Aerts, M. Akhavan, C.G. Alvstam, J. Berli, M. Bunel, A. Christodoulou, P. de Langen, M. Dooms, C. Ducruet, H. Ghiara, E. Haezendonck, R. Horster, W. Jacobs, T. Koukaki, J.S.L. Lam, M. Langenus, K. Li, I. Mariotti, A. McKinnon, E. Musso, A.A. Pallis, F. Parola, R. Sabonge, R.J. Sanchez, G. Satta, C. Sillig, H. Sornn-Friese, S.P. Strandenes, A. Tei, H.A. Thanopoulou, C. Tournaye, G. Vaggelas, F. Vitellaro, J. Woxenius, W. Zhang

Interest in autonomous ships has grown exponentially over the past few years. Whereas a few years ago, the prospect of unmanned and autonomous vessels sailing on the seas was considered unrealistic, the debate now centers on when and in what format and pace the development will take place. Law has a key role to play in this development and legal obstacles are often singled out as principal barriers to the rapid introduction of new technologies in shipping. Within a few years, autonomous ships have turned from a non-issue to one of the main regulatory topics being addressed by the International Maritime Organization. However, the regulatory discussion is still in its infancy, and while many new questions have been raised, few answers have been provided to them to date. Increased automation of tasks that have traditionally been undertaken by ships' crews raises interesting legal questions across the whole spectrum of maritime law. The first of its kind, this book explores the issue of autonomous ships from a wide range of legal perspectives, including both private law and public law at international and national level, making available cutting-edge research which will be of significant interest to researchers in maritime law.

This open access book constitutes an ethnographic mosaic which depicts the contextual complexities of the life and work of seafarers who are employed in the international merchant cargo fleet. The collection is based upon the observations and interviews of researchers in multiple disciplines. It is woven together to offer a richly detailed insight into the ways in which a complex global industry operates internationally. The book covers issues to do with career decisions and recruitment, gender, life and work on board multinational vessels, health and safety issues, the regulation of the industry, shipboard roles and role conflict, and the representation of workers. It will be of considerable interest to all students globally who are studying for professional seafaring qualifications, to graduate students studying for masters courses in ship and port management, and to welfare professionals and policy makers. It is of special interest to those connected to the shipping industry who specialize in issues relating to 'the human element' and will serve as a paradigm defining text in this area.

Contemporary disaster investigation reports into the Shuttle, Three Mile Island, or the World Trade Centre did not happen by chance, but were the result of an evolution of the discourse communities involved with investigating technological accidents. The relationships of private companies, coroners, outside experts, and government investigators all had to be developed and experimented with before a genre of investigation reports could exist. This book is the story of the evolution of these investigation discourse communities in published reports written between 1833 and 1879. Using the reports generated by seven different accidents on railroads and steamboats between 1833 and 1876, it is possible to observe the changes in how these reports interacted and changed over the course of the nineteenth century: The Explosion of the Steamboat New England in the Connecticut River, 1833; The Explosion of the Locomotive Engine Richmond near Reading Pennsylvania, 1844; The Explosion of the Steam Boat Moselle in Cincinatti, 1838; The Camden and Amboy Railroad Collision in Burlington, New Jersey, 1855; The Gasconade Bridge Collapse on the Pacific Railroad in Missouri, 1855; The Eastern Railroad Collision in Revere, Massachusetts, 1871; The Ashtabula Railroad Bridge Collapse in Ohio, 1876

Originally published in 1975, The Volunteer Force is a study of the part-time military force which came into being to meet the mid-nineteenth century fear of French invasion. It survived and grew for fifty years until in 1908 it was renamed and remodelled as the Territorial Force. Composed initially of middle-class and often middle-aged gentlemen who elected their own officers and paid for their own equipment, the Volunteer Force soon became youthful and working-class, with appointed middle-class officers, a Government subsidy, and a minor military role as an adjunct to the Regular Army. This book examines the origins of the Force, the transformation in its social composition, the difficulties in finding officers who were 'gentlemen', the ambiguous status, of the Force both in the local community and in the Regular Army, and the political influence which the Force exerted in the early twentieth century. Above all it is concerned with the reasons for and the implications of enrolment; publicists argued that the Force was the embodiment of patriotism, and an indication of working-class loyalty to established institutions.

Many of the maritime disputes today represent a competing interest of two groups: coastal states and user states. This edited volume evaluates the role of the United Nations Convention on the Law of the Sea (UNCLOS) in managing maritime order in East Asia after its ratification in 1994, while reflecting upon various interpretations of UNCLOS. Providing an overview of the key maritime disputes occurring in the Asia Pacific, it examines case studies from a selection of representative countries to consider how these conflicts of interest reflect their respective national interests, and the wider issues that these interpretations have created in relation to navigation regimes, maritime entitlement, boundary delimitation and dispute settlement.

The central concerns of mobilities research - exploring the broader context and human aspects of movement - are fundamental to an understanding of the maritime freight transport sector. Challenges to the environment, attempts at more sustainable practices, changes in the geoeconomic system, political power, labour, economic development and governance issues are all among the topics covered in this book. The aim of this volume is to address issues of maritime transport not only in the simple context of movement but within the mobilities paradigm. The goal is to examine negative system effects caused by blockages and inefficiencies, examine delays and wastage of resources, identify negative externalities, explore power relations and identify the winners and losers in the globalised trade system with a particular focus on the maritime network. Maritime Mobilities therefore aims to build a bridge between "traditional" maritime academic approaches and the mobilities paradigm. This volume is of great importance to those who study industrial economics, shipping industries and transport geography.

This book gives an account of how the U.S. freight transportation system has been impacted and "globalized," since the 1950s, by the presence of the shipping container. A globally standardized object, the container carries cargo moving in international trade, and it utilizes and fits within the existing transportation infrastructures of shipping, trucking and railroads. In this way it binds them together into a nearly seamless worldwide logistics network. This process occurs not only in ocean shipping and at ports, but also deep within national territories. In its dependence on existing infrastructural systems, though, the network of container movement as it pervades domestic space is shaped by the history and geography of the nation-state. This global network is not invariably imposed in a top-down manner-to a large degree, it is cobbled together out of national, regional and local systems. Heins describes this in the American context, examining the freight transportation infrastructures of railroads, trucking and inland waterways, and also the terminals where containers are transferred between train and truck. The book provides a detailed historical narrative, and is also theoretically informed by the contemporary literature on infrastructure and globalization.

This two volume book presents an in-depth analysis of many of the most important issues facing today's shipping and port sectors. Volume 1 of Dynamic Shipping and Port Development in the Globalized Economy focuses on the application of theory to practice in Maritime Logistics.

Business and Economics of Port Management is a comprehensive but concise textbook and reference for insights into the workings of port industry from the business and economics perspectives. The book examines port management from various entities which include the government, port operator, shipping line, logistics companies and other port service providers. It provides in-depth discussions on strategic issues, challenges and disruptions that are faced by this industry. Given the uniqueness of each port and international nature of the port business, the book comes with useful case studies and lessons from different port regions around the world. Key lessons on challenges and issues faced by port managers, developers and regulators are highlighted and discussed using a combination of professional insights and publicly available information sources. The aim is to illustrate the decision-making process with the purpose of contributing to better outcomes for the industry, government and the public at large. Anyone who is approaching the subject matter will gain utmost understanding of how ports are critical in the global economy and societal well-being.

Originally published in 2000, this book describes the relation between technology and the exercise of sea power. It emphasizes the importance of mastering and maintaining technology for the means of exercising maritime power whether the USA is at peace or in a time of conflict. The changing character of maritime power is evaluated through an examination of current trends, historical precedent and deductive logic. Many factors influence sea power, but it is the exponential growth in the use of science and technology which the author believes is the key to understanding the future of sea power.

Business and Economics of Port Management is a comprehensive but concise textbook and reference for insights into the workings of port industry from the business and economics perspectives. The book examines port management from various entities which include the government, port operator, shipping line, logistics companies and other port service providers. It provides in-depth discussions on strategic issues, challenges and disruptions that are faced by this industry. Given the uniqueness of each port and international nature of the port business, the book comes with useful case studies and lessons from different port regions around the world. Key lessons on challenges and issues faced by port managers, developers and regulators are highlighted and discussed using a combination of professional insights and publicly available information sources. The aim is to illustrate the decision-making process with the purpose of contributing to better outcomes for the industry, government and the public at large. Anyone who is approaching the subject matter will gain utmost understanding of how ports are critical in the global economy and societal well-being.

This book belongs to the Port Economics and Global Supply Chain Management strand of the Palgrave Studies in Maritime Economics book series, commissioned by Hercules Haralambides. This book addresses the security of the global system of maritime-based trade, with a focus on container security. Existing discussions about maritime security are almost always tactical, myopic, and fragmented. This book strives to overcome such defects by discussing maritime security from its myriad perspectives - how we should think about it, how we could measure it, and how we can better manage/control it. In this way, the authors examine the ways in which maritime stakeholders can and should work together to build a more secure and resilient global system of maritime trade.

The Irrawaddy Flotilla Company, known in colonial Burma as the 'Fabulous Flotilla', was the largest privately-owned fleet of ships in the world. It was an entirely Scottish enterprise with nearly all its investors, management and ship's officers drawn from Scotland. Over 1,200 ships were ordered mainly from Clyde yards and each year carried the majority of the population of Burma on its river network without loss of life. The paddle steamers were amongst the largest in the world, innovative in design and technology, and very beautiful. The flotilla began as a naval task force in the 1820s, was commandeered in five wars, and was to end its life with the British evacuation of Burma in 1942, the greatest evacuation in British military history. Fascinating personalities emerge from Strachan's descriptions of Irrawaddy commanders and the flotilla's key players. The ships evolved over a hundred years into riverine versions of ocean liners with plush cabins, restaurants, shops and even post offices on board. The largest class of ships carried 5,000 passengers including royalty, celebrities of the day and famous writers like Somerset Maugham along with early tourists and big game hunters. In the second part of the book, the author who himself has spent much of his life running ships on the rivers of Burma, takes us on a journey 1,000 miles upriver to explore the different regions of the country often highlighting Scottish connections. The river is the thread through which Burma's often tragic history, yet rich and glorious Buddhist culture, flows and only on a river journey can the country be understood. Renamed Myanmar in 1997, Burma is Scotland's 'lost colony' and the Scottish connection is little remembered today due to Burma's half a century of post-war isolation. In its 1920s heyday Burma had the highest concentration of Scots anywhere in the world, outside of Scotland, with the exception of Canada. Scots were everywhere in Burma, running everything, and even their Burmese servants spoke in 'broad' Scots. With the 'opening up' of Burma in the early 21st century the Irrawaddy watershed, where about 50 million people live in a primitive rural economy, is under threat. Deforestation on a vast scale has resulted in the silting up of once navigable channels. China, with its 'belt and road' system that is a euphemism to a recolonisation of the country, plans to build one of the world's largest dams in the river's headwaters that would devastate the country's agriculture and fisheries. The Fabulous Flotilla provides a revealing record of this remarkable era in Burma's history and past Scottish endeavour - a jewel of a story that may soon be lost.

This timely book discusses the recent developments in maritime logistics, an important specialized area for the global economy. It includes issues such as the recent economic crisis, port competition and development, and provides insights and trends relating to these issues. Consisting of renowned researchers worldwide, the primary objective of the book identifies some of the new problems and challenges faced and innovative solutions to address these problems.

This book offers a comprehensive review of collision avoidance techniques and safe trajectory planning for manned and unmanned ships, together with extensive information on how to develop and implement algorithms for applications in real-world settings. It describes the most relevant decision-support systems and guidance systems used in the control of marine craft, giving a special emphasis to autonomous vehicles, but also covering manned ones. Thanks to its good balance of theory and practice, and the inclusion of basic explanations of all essential concepts, this book fills an important gap in the literature of marine navigation, providing not only researchers and practitioners with a timely reference guide to safe trajectory planning, but also supporting students and newcomers to the field.

Sea freight remains overwhelmingly the most common form of transport for goods globally. Grasp the core theories and understand the latest research in maritime logistics, along with how this field operates and contributes to global supply chains, with this key textbook. Maritime Logistics provides a complete overview of the core concepts within this discipline from a range of international expert contributors. This textbook examines the recent developments in the ports and shipping industries including supply chain strategies and emerging, innovative practices. Designed for maritime students and professionals, the structure offers a complete approach with an emphasis on developing a well-rounded knowledge and understanding of the field. The third edition is fully updated with new content on maintenance optimization, supply chain integration, economies of scale within liner shipping and port performance and management. In addition, this edition examines new technologies, considers new and existing risks to the maritime supply chain as well as generally how maritime logistics will continue to evolve. For those seeking to become maritime logistics specialists, this is the authoritative companion.

First published in 1991, this book offers a thorough examination of the decline of heavy industry in industrialised countries in the West, which focuses on problems in the shipbuilding industry. Todd argues that three points are central to its demise: industrial life cycles, the international division of labour and the energy crises of 1973. His work begins with despondency in western shipbuilding, going back as early as 1956, when Japan usurped Britain as the pre-eminent ship producer. The book goes on to explore international trade and industry in the second half of the 20th century, with analysis on industrial reorganisation and East Asian conglomerates, diversification with the marine industries, and shipbuilding in Brazil, India, and China.