The wealth generated both directly and indirectly by Caribbean slavery had a major impact on Glasgow and Scotland. Glasgow's Sugar Aristocracy is the first book to directly assess the size, nature and effects of this. West India merchants and plantation owners based in Glasgow made nationally significant fortunes, some of which boosted Scottish capitalism, as well as the temporary Scottish economic migrants who travelled to some of the wealthiest of the Caribbean islands. This book adds much needed nuance to the argument in a Scottish context; revealing methods of repatriating wealth from the Caribbean as well as mercantile investments in industry, banking and land and philanthropic initiatives.

"Lives in Peril" demonstrates how and why seafarers are a vulnerable group of workers. It argues they are made so by the organisation and structure of their employment; the prioritisation of profit over safety by the actors that engage and control their labour; the limits of enforcement of the regulatory framework that is in place to protect them; and by their weakness as collective actors in relation to capital. The consequences of this vulnerability are seen in data on their occupationally-related morbidity and mortality - evidence that probably only represents a partial picture of the actual extent of the physical, mental and emotional harm resulting from work at sea. This volume's central argument is that this situation is likely to remain broadly unchanged as long as global maritime governance and regulation remains in thrall to the neo-liberal economic and political arguments that drive globalisation, and fails to enforce regulatory standards more robustly.

This monograph addresses several critical problems to the operations of shipping lines and ports, and provides algorithms and mathematical models for use by shipping lines and port authorities for decision support. One of these problems is the repositioning of container ships in a liner shipping network in order to adjust the network to seasonal shifts in demand or changes in the world economy. We provide the first problem description and mathematical model of repositioning and define the liner shipping fleet repositioning problem (LSFRP). The LSFRP is characterized by chains of interacting activities with a multi-commodity flow over paths defined by the activities chosen. We first model the problem without cargo flows with a variety of well-known optimization techniques, as well as using a novel method called linear temporal optimization planning that combines linear programming with partial-order planning in a branch-and-bound framework. We then model the LSFRP with cargo flows, using several different mathematical models as well as two heuristic approaches. We evaluate our techniques on a real-world dataset that includes a scenario from our industrial collaborator. We show that our approaches scale to the size of problems faced by industry, and are also able to improve the profit on the reference scenario by over US$14 million.

This book is an up-to-date analysis of current issues affecting marine insurance law and market practice. It is authoritative advice from leading specialists drawn from the academic and professional worlds. The book includes a comparative analysis of aspects of English, Scandinavian, and US law and practice. Its in-depth analysis on key topics is often only touched upon in textbooks. Topics covered include: marine policies and undisclosed principals * the shifting boundary between marine and non-marine risks * jurisdictional issues * piracy and terrorism under the Norwegian Insurance Plan * liability of marine insurers for late payment of indemnity * insuring negligence and due diligence risks * the new Institute Cargo Clauses 2009 * the concept of indemnity in marine insurance * insuring the consequences of unlawful acts committed by third parties * development in US marine insurance law * the Marine Insurance Act 1906 * the Institute Cargo Clauses (2009) A, B, and C * the Institute W

A comprehensive book on shipping derivatives and risk management which covers the theoretical and practical aspects of financial risk in shipping. The book provides a thorough overview of the practice of risk management in shipping with the use of theoretical examples and real-life applications.

The container port industry in Asia represents adynamic aspect of the international transport and logistics scene. This book applies an overarching theme of 'Development, Competition and Cooperation' to a wide range of individual container ports in Asia. Major trends are identified and concrete examples provide new insights into the nature of relationships between the main ports in the region. The contents provide a great deal of new analysis that contributes to theoretical and conceptual debates on the nature of port competition. More generally, it will aid understanding of port development strategies within the context of Asian trade and economic growth.

This book is about an industry that has been entirely neglected by social scientists - the maritime car carrier industry. This industry is already globalized, probably more than any other with the possible exception of finance, which attracts a great deal more attention. The book examines the maritime car carrier industry in respect to changes in cost structure and dynamics; in ownership, freight, labour and other markets; in technological innovation and ship design; and in relation to car manufacturers, ship management companies and crewing agents.

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).

Changing vessel technology presents a major challenge to shipping manufacturers. A change in vessel design can require major modifications of port facilities, information systems, and marketing techniques. While shippers must be ready to make changes in order to be competitive, they must be careful to choose technology that can be successfully and economically implemented in their market environment.

This volume examines the vessel technology issues that shipping companies are confronting. Case studies are presented for liner shipping, liquid and dry bulk shipping, and the ship-port interface. The cases, based on actual industry situations, explore management's options with and decisions on essential aspects of changing vessel technology. Specific technologies are described along with their economic, regulatory, and political implications.

This book describes a wide range real-case applications of Multi-Criteria Decision Making (MCDM) in maritime related subjects including shipping, port, maritime logistics, cruise ports, waterfront developments, and shipping finance, etc. In such areas, researchers, students and industrialists, in general, felt struggling to find a step-by-step guide on how to apply MCDM to formulate effective solutions to solving real problems in practice. This book focuses on the in-depth analysis and applications of the most well-known MDCM methodologies in the aforementioned areas. It brings together an eclectic collection of twelve chapters which seek to respond to these challenges. The book begins with an introduction and is followed by an overview of major MCDM techniques. The next chapter examines the theory of analytic hierarchy process (AHP) in detail and investigates a fuzzy AHP (FAHP) approach and its capability and rationale in dealing with decision problems of ambiguous information. Chapter 4 proposes a generic methodology to identify the key factors influencing green shipping and to establish an evaluation system for the assessment of shipping greenness. In Chapter 5, the authors describe a new function of fuzzy Evidential Reasoning (ER) to improve the vessel selection process in which multiple criteria with insufficient and ambiguous information are evaluated and synthesized. Chapter 6 presents a novel methodology by using an Artificial Potential Field (APF) model and the ER approach to estimate the collision probabilities of monitoring targets for coastal radar surveillance. Chapter 7 develops the inland port performance assessment model (IPPAM) using a hybrid of AHP, ER and a utility function. The next chapter showcases a challenging approach to address the risk and uncertainty in LNG transfer operations, by utilizing a Stochastic Utility Additives (UTA) method with the help of the philosophy of aggregation-disaggregation coupled with a robustness control procedure. Chapter 9 uses Entropy and Grey Relation Analysis (GRA) to analyze the relative weights of financial ratios through the case studies of the four major shipping companies in Korea and Taiwan: Evergreen, Yang Ming, Hanjin and Hyundai Merchant Marine. Chapter 10 systemically applies modern heuristics to solving MCDM problems in the fields of operation optimisation in container terminals. Arguing that bunkering port selection is typically a multi-criteria group decision problem, and in many practical situations, decision makers cannot form proper judgments using incomplete and uncertain information in an environment with exact and crisp values, in Chapter 11, the authors propose a hybrid Fuzzy-Delphi-TOPSIS based methodology with a sensitivity analysis. Finally, Chapter 12deals with a new conceptual port performance indicators (PPIs) interdependency model using a hybrid approach of a fuzzy logic based evidential reasoning (FER) and a decision making trial and evaluation laboratory (DEMATEL).

China's waning interest in maritime activities, from the late 15th century on, ended when the People's Republic of China came to power in 1949. The new government, with few shipping and shipbuilding resources, took 12 years to initiate, in 1961, a maritime program for a national flag merchant marine. Within 26 years, in 1987, China ranked ninth in tonnage of ocean-going merchant ships and fourth in commercial shipbuilding among the world's maritime countries--a remarkable achievement unequaled by any other nation in peacetime. China's Rise to Commercial Maritime Power examines the forces that have brought China to her present competitive commercial maritime status as well as the forces that will enhance that position in the future. While not concerned with China's naval policy or shipping and shipbuilding history, the study focuses on recent maritime accords to advance China's interests and her current maritime policy. A little-known aspect of the policy is her flag of convenience fleet of almost four million tons operating world-wide by her wholly owned subsidiary shipping companies registered in Hong Kong, Panama, and Liberia. A major contribution to the study of China and her surge to world-class status in shipping and shipbuilding, this study, augmented throughout by numerous tables and a chart, will be of special interest to students and scholars of Chinese studies, economics, and economic history.

Seafarers were the first workers to inhabit a truly international labour market, a sector of industry which, throughout the early modern period, drove European economic and imperial expansion, technological and scientific development, and cultural and material exchanges around the world. This volume adopts a comparative perspective, presenting current research about maritime labourers across three centuries, in the Mediterranean Sea and the Atlantic and Indian Oceans, to understand how seafarers contributed to legal and economic transformation within Europe and across the world. Focusing on the three related themes of legal systems, labouring conditions, and imperial power, these essays explore the dynamic and reciprocal relationship between seafarers' individual and collective agency, and the social and economic frameworks which structured their lives.

International shipping is currently at a crossroads. The decision of the International Maritime Organization (IMO) in April 2018 to adopt an Initial Strategy so as to achieve by 2050 a reduction of at least 50% in maritime greenhouse gas (GHG) emissions vis-a-vis 2008 levels epitomizes the last among a series of recent developments as regards sustainable shipping. It also sets the scene on what may happen in the future. Even though many experts and industry circles believe that the IMO decision is in line with the COP21 climate change agreement in Paris in 2015, others disagree, either on the ground that the target is not ambitious enough, or on the ground that no clear pathway to reach the target is currently visible. This book takes a cross-disciplinary view of the various dimensions of the maritime transportation sustainability problem. "Cross-disciplinary" means that a variety of angles are used to examine the book topics, and these mainly include the technological angle, the economics angle, the logistics angle, and the environmental angle. The book reviews models that can be used to evaluate decisions, policy alternatives and trade-offs. For sustainable shipping, a spectrum of technical, logistics-based and market based measures are being contemplated. All may have important side-effects as regards the economics and logistics of the maritime supply chain, including ports and hinterland connections. The objective to attain an acceptable environmental performance, while at the same time respecting traditional economic performance criteria so that shipping remains viable, is and is likely to be a central goal for both industry and policy-makers in the years ahead. At the same time, policy fragmentation is likely to create distortions of competition and sub-optimal solutions. This book attempts to address these issues and identify better solutions. Sustainable Shipping: A Cross-Disciplinary View includes chapters that cover many relevant topics. These include a general view of maritime transport sustainability, green ship technologies, information and communication technologies (ICTs) for sustainable shipping, green tramp ship routing and scheduling, green liner network design and speed optimization. Market based measures, oil pollution, ship recycling, sulphur emissions, ballast water management, alternative fuels and green ports are also covered. The book concludes by discussing prospects for the future, with a focus on the IMO Initial Strategy. "This book contains a unique wealth of information on sustainable shipping. The knowledge it provides is rigorous, complete, and well supported by statistics, technical reports, and scientific references. The treatment of the various topics is not only informative but also analytical and critical." -Gilbert Laporte, Maritime Economics & Logistics (12 May, 2020)

"The semiconductor industry is at the forefront of current tensions over international trade and investment in high technology industries. This book traces the struggle between U.S. and Japanese semiconductor producers from its origins in the 1950s to the novel experiment with ""managed trade"" embodied in the U.S.-Japan Semiconductor Trade Arrangements of 1986, and the current debate over continuation of elements of that agreement. Flamm provides a thorough analysis of this experiment and its consequences for U.S. semiconductor producers and users, and presents extensive discussion of patterns of competition within the semiconductor industry. Using a wealth of new data, he argues that a fundamentally new trade regime for high technology industries is needed to escape from the present impasse. He lays out the alternatives, from laissez-faire to managed trade, and argues strongly for a new set of international ground rules to regulate acceptable behavior by government and firms in high-tech industries. Flamm's detailed analysis of competition within the semiconductor industry will be of great value to those interested in the industrial organization of high-technology industries, as well as those concerned with trade and technology policy, international competition, and Japanese industrial policies. "

This anthology aims to explain why some Nordic shipping companies became world leaders while others failed to respond effectively to the challenges and opportunities of globalization. The authors analyse political and institutional patterns alongside the various corporate responses to the many upheavals of global shipping.

This history of Burrell & Son of Glasgow describes the way in which ship ownership and operation developed during the final years of the age of sail and the beginning of the era of steamships. Not only does the work contain background material on tramp shipping commerce, it also includes a substantial database on ship building, ownership, and operations during this period. The information will be of interest to the maritime historian since it describes this important era in detail, and to the business historian interested in the strategy and structure of the shipping industry.

Efficient measurement plays a vital role in any sort of production but there is a dearth of both applications and in-depth research relating to the container port industry. This book analyzes the relationship between ownership, competition and port efficiency by applying traditional theories in industrial organization and examining them empirically. It is the first to conduct comprehensive comparisons of alternative approaches to efficiency measurement for the industry. This original work makes an important contribution to the establishment of central government policy on port investment, policy and governance.

This book reviews the long history of U.S. shipping policy, and explains the present challenges (including the increasing use of open register arrangements). U.S. labor problems, tort and liability risks, environmental and safety regulations, and coastal and harbor security issues receive heavy emphasis. Options for reviving U.S. shipbuilding are analayzed, along with balance of payments implications, and sealift and national security requirements. The book offers a detailed program for American maritime renewal. It is intended for maritime, national security, international trade, and foreign policy audiences. Extensive data and tables allow for a comprehensive assessment of the U.S. merchant marine and the global shipping industry, with substantial historical background.

Nearly two thirds of world shipping is done under flags of convenience. The significant over-tonnaging, subsidies and/or restrictions, and shipping friendly policies present in many countries create strong competitive pressures. Unfortunately, the U.S. and British merchant marines are in serious decline. But the Japanese, Chinese, Greeks, and Scandinavians are thriving at sea. And many European Union, Asian, and former Eastern bloc nations are likely to remain determined competitors.

U.S. maritime policies need overhaul and a more realistic outlook. This book reviews the long history of U.S. shipping policy, and explains the present challenges (including the increasing use of open register arrangements). U.S. labor problems, tort and liability risks, environmental and safety regulations, and coastal and harbor security issues receive heavy emphasis. Options for reviving U.S. shipbuilding are analayzed, along with balance of payments implications, and sealift and national security requirements. The book offers a detailed program for American maritime renewal. It is intended for maritime, national security, international trade, and foreign policy audiences. Extensive data and tables allow for a comprehensive assessment of the U.S. merchant marine and the global shipping industry, with substantial historical background.

Since its invention in Italy in the fourteenth century, marine insurance has provided merchants with capital protection in times of crisis, thus oiling the gears of trade and commerce. With a focus on customs, laws, and organisational structures, this book reveals the Italian origins of marine insurance, and tracks the spread of underwriting practices and institutions in Europe and America through the early modern era. With contributions from eleven leading researchers from seven countries, the book examines key institutional developments in the history of marine insurance. The authors discuss its invention in Italy, and its evolution from private to corporate structures, assessing the causes and impacts of various state interventions. Amsterdam and Antwerp are analysed as one-time key centres of underwriting, as is the emergence and maturity of marine insurance in London. The book evaluates an experiment in corporate underwriting in Cadiz, and the development of insurance institutions in the United States, before applying the metrics of underwriting to discuss commerce raiding in the Atlantic up to the nineteenth century.

The Institutional Position of Seaports deals with the logic and functioning of international seaport administration. This volume not only contains interesting reading for public and private port administrators and managers but can offer by its international comparisons relevant insights for the deregulation, privatisation, liberalisation and deconcentration of former government duties. Every seaport hosts different port activities in which public and private actors interact in changing relations. There is a permanent question of how responsibilities among public port administrators and the private users of the port have been divided and institutionally anchored. The unique model of analysis as used in this research has been built up by the distinction in four different control relations between state and market. By means of this institutional model the division of responsibilities for nautical control, port planning and port services can be determined. The reader can also learn via this model about the specific conditions that are needed to activate the learning capabilities of the different port activities. The model of analysis can be applied to every seaport in the world. Audience: This book is essential for everyone who is in a public or private managing or policy-making position in a seaport. It can also be of great help to students in disciplines like maritime economics, strategic management, social geography and public administration; for example, to make them more aware of the specific role divisions and mechanisms between state and market in international seaports.

Although Latin America had a substantial merchant fleet by the 1950s, at the end of the century most of the major shipping companies have disappeared from the continent. Continuing to grow through protectionist efforts during the 1960s and 1970s, the industry began to decline when container technology, requiring large capital investments, shifted competition to access capital. This book shows how technology undermined and finally shattered the nationalist efforts to create a significant Latin American merchant shipping industry. Written in a clear and concise style, it provides the first authoritative survey of Latin American shipping during the second half of the century. The book opens with a discussion of cargo preference—a form of protectionism—in Chile and shows how Latin American merchant fleets expanded under cargo preference. Most countries witnessed a dramatic expansion in their national fleets. In the 1970s, the impact of containers, a new technology, began to be felt. As the book shows, the large capital outlays needed to adopt containers undermined the foundations of Latin American shipping companies, and most of the merchant shipping companies in the region gradually collapsed. The book also examines the non-commercial role of merchant shipping, particularly in international clashes such as the Cuban Revolution.

Given that commercial shipping has been undertaken for over five thousand years, it is perhaps unsurprising that Maritime Economics is a well-established and flourishing area of research and study. Now, a new four-volume collection from Routledge's Critical Concepts in Economics series answers the growing need for an authoritative reference work to enable users to make better sense of its voluminous literature. Indeed, the sheer scale of the research output-and the breadth of the field-makes this anthology especially welcome. It provides a one-stop collection of classic and contemporary contributions to facilitate ready access to the most influential and important scholarship from a wide range of perspectives. Maritime Economics is edited by Wayne K. Talley, a leading scholar in the field, and includes a comprehensive introduction which places the collected material in its historical and intellectual context. This essential collection is destined to be valued by advanced students and researchers of Economics, Maritime Studies, Marine Technology, and International Business and Trade as a vital one-stop resource.

Latin Americans as sailors? This remark caused laughter among 19th-century foreign observers, particularly British observers. Yet, Latin Americans did struggle to create important merchant fleets, an effort largely ignored outside the region. This book rescues Latin American shipping from oblivion. In a chronological narrative, it presents the most important events in the emergence of Latin American shipping. While focusing on the shipping companies, the book also roams widely into governmental policy, foreign relations, and naval affairs. Divided into two parts, the book opens with a brief summary of the age of sailing ships, then traces the history of the first steamship companies, focusing on Brazil and Chile until 1914. Part I then goes on to analyze the impact of World War I and the Great Depression. Part II considers World War II and U.S. surplus ships. New issues in Latin American shipping, arising in the 1950s, will be discussed in another volume.

This volume brings together multiple perspectives on both the changing Arctic environment and the challenges and opportunities it presents for the shipping sector. It argues for the adoption of a forward-looking agenda that respects the fragile and changing Arctic frontier. With the accelerated interest in and potential for new maritime trade routes, commercial transportation and natural resource development, the pressures on the changing Arctic marine environment will only increase. The International Maritime Organization Polar Code is an important step toward Arctic stewardship. This new volume serves as an important guide to this rapidly developing agenda. Addressing a range of aspects, it offers a valuable resource for academics, practitioners, environmentalists and affected authorities in the shipping industry alike.

Imperial Steam explores the early history of steamship travel to Britain's imperial East. Drawing upon the wealth of voyage narratives which were produced in the first decades of the new route to India, the book examines the thoughts, emotions and experiences of those whose lives were caught up with the imperial project. The potent symbolism of the steamship, which exceeded the often harsh realities of travel, provided a convincing narrative for coming to terms with Britain's global empire - not just for passengers, but for those at home who consumed the ubiquitous accounts of steamship travel. Imperial Steam thus contributes to our understanding of the role of imperial networks in the production of the British imperial world view. -- .