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.

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.

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.

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

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.

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.

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.

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 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.

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.

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.

This book addresses the legal and contractual obligations of sea carriers regarding due care for the cargo under a contract of carriage. While the general framework employed is the leading international liability regime, the Hague-Visby Rules, the discussions in each chapter also account for the possible future adoption of a new regime, the Rotterdam Rules. The subject matter concerns the standard for the duty of care for goods as codified in the Hague-Visby Rules, but the work also touches upon a wide range of related topics found both in law and in practice, providing valuable commercial, technical and historical links as well as various solutions that have been found at the national and international level to address challenges arising in this specialised area of law. The book is divided into six chapters, which gradually reveal the complexity of the topic. Chapter 1 provides a thorough introduction to the two main transport documents in use, and to the basic logic behind shipping, sea-going trade and related national and international legislation. In turn, Chapter 2 presents an overview of the relevant provisions of the Hague-Visby Rules. Chapters 3, 4 and 5 examine the problems arising out of the insertion of a FIOS(T) clause in the contract of carriage; the carriage of goods on deck; and the carriage of goods in containers, respectively. Lastly, Chapter 6 provides an overall conclusion on the legal status quo and current practice, as well as future prospects. The book was written with a number of potential readers in mind and is intended to open up the topic to a broader audience. It is suitable both for readers who wish to advance their learning (e.g. professionals, practitioners and postgraduates) and for readers with little or no prior knowledge of the topic (e.g. students and researchers).

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.

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.

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.

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.

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.

By 1838, over two thousand Americans had been killed and many hundreds injured by exploding steam engines on steamboats. After calls for a solution in two State of the Union addresses, a Senate Select Committee met to consider an investigative report from the Franklin Institute of Philadelphia, the first federally funded investigation into a technical.

This book offers an original academic study of the Rotterdam Rules. It analyses the salient articles that will have an impact on international sale contracts governed by English law, including the most popularly used international law instruments, terms and standard sale contracts. Looking beyond the legal relationship of carrier-shipper and carrier-receiver, this book examines the important articles of the Rotterdam Rules that affect the ability of the trading protagonists to perform their sale contract.

Ideal for Merchant Navy Officers from Cadet rank to Master Mariner, the fifth edition of this highly respected book is in full colour, and has been updated to include more information on topics as diverse as electronic navigation and AIS technology whilst still including essential information on subjects such as safety at sea, rescue operations, watchkeeping duties and pollution control. It covers international standards and works well on courses throughout the world. Seamanship Techniques is written for serving mariners and nautical students from cadet to master level, studying for professional marine qualifications under the International Maritime Organization as per STCW requirements. Used by training establishments around the world, this best seller is the only reference to both shipboard practice and ship operations that seafarers will need.

Ideal for Merchant Navy Officers from Cadet rank to Master Mariner, the fifth edition of this highly respected book is in full colour, and has been updated to include more information on topics as diverse as electronic navigation and AIS technology whilst still including essential information on subjects such as safety at sea, rescue operations, watchkeeping duties and pollution control. It covers international standards and works well on courses throughout the world.

Seamanship Techniques is written for serving mariners and nautical students from cadet to master level, studying for professional marine qualifications under the International Maritime Organization as per STCW requirements. Used by training establishments around the world, this best seller is the only reference to both shipboard practice and ship operations that seafarers will need.

Table of Contents

Preface to the First Edition. Preface to the Fifth Edition. Acknowledgements. About the Author. Abbreviations 1. The Ship 2. Anchor Work (Fundamentals) 3. Ropework 4. Wirework and Rigging 5. Lifting Gear 6. Cargo and Hatchwork 7. Boatwork and Life-Saving Appliances 8. Survival Craft and Practice 9. Communications 10. Watchkeeping Duties 11. Marine Instruments Monitoring and Measurements 12. Meteorology 13. Preventing Collisions at Sea 14. Emergencies 15. Fire-Fighting 16. Search and Rescue Operations 17. Ship Handling: Equipment 18. Ship Handling: Manoeuvring and Mooring Operations 19. Tanker Operations 20. The Application of MARPOL and the Prevention of Pollution to the Marine Environment. Appendix I: Marnier’s Self Examiner. Appendix II: Officer of the Watch: Certificate of Competency. Appendix III: Chief Officer (First Mate): Certificate of Competency. Appendix IV: Ship’s Master: Certificate of Competency. Appendix V: Rule of the Road: Reference to the ColRegs and the IALA Buoyage System. Index