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The Blackwell Companion to Maritime Economics presents comprehensive and in-depth coverage of the entire scope of issues relating to shipping and port economics.
Unprecedented survey of maritime economics provides full coverage of shipping and port economics
In depth examinations offer an up-to-date study of the field including all facets of shipping, ports, logistics, and maintenance and topical discussion on security and environmental problems
Presents original theories relating to theories for maritime carriers and ports
Features contributions from the most respected international specialists in the field
This comprehensive and up–to–date book is a fine contribution to the maritime economics literature, and will surely be the standard reference in the field for a number of years. I have been teaching Maritime Economics and Logistics course for advanced undergraduate/graduate students at UBC and have been searching for a proper reference textbook. With the publication of this book, my search ends happily. (Expofairs.com, 1 September 2012)
List of Figures x
List of Tables xv
Notes on Contributors xix
Preface xxviii
PART I INTRODUCTION 1
1 General Introduction 3 Wayne K. Talley
2 The Evolution of Maritime Economics 16 Trevor D. Heaver
3 The Business of Shipping: An Historical Perspective 34 Ingo Heidbrink
4 International Seaborne Trade 52 Michael Tamvakis
PART II MARITIME CARRIERS AND MARKETS 87
5 Maritime Carriers in Theory 89 Wayne K. Talley
6 Maritime Freight Markets 107 Siri Pettersen Strandenes
7 Intermodalism and New Trade Flows 121 Lixian Fan, Mohan M. Koehler and Wesley W. Wilson
8 Cruise Lines and Passengers 138 Simon Véronneau and Jacques Roy
9 Ferry Passenger Markets 161 Tor Wergeland
PART III SHIPPING ECONOMICS 185
10 Dry Bulk Shipping 187 George A. Gratsos, Helen A. Thanopoulou and Albert W. Veenstra
11 Liquid Bulk Shipping 205 Dimitrios V. Lyridis and Panayotis Zacharioudakis
12 Container Shipping 230 Theo Notteboom
13 New Business Models and Strategies in Shipping 263 Peter Lorange and Øystein D. Fjeldstad
14 Shipping Regulatory Institutions and Regulations 281 Paul G. Wright
15 Shipping Taxation 304 Peter Marlow and Kyriaki Mitroussi
16 Seafarers and Seafaring 321 Heather Leggate McLaughlin
17 Safety in Shipping 333 Di Jin, Hauke Kite–Powell and Wayne K. Talley
18 Piracy in Shipping 346 Maximo Q. Mejia, Jr., Pierre Cariou and François–Charles Wolff
PART IV SHIP ECONOMICS 371
19 The Economics of Ships 373 Harilaos N. Psaraftis, Dimitrios V. Lyridis and Christos A. Kontovas
20 Ship Finance: US Public Equity Markets 392 Costas Th. Grammenos and Nikos C. Papapostolou
21 Ship Finance: US High Yield Bond Market 417 Costas Th. Grammenos and Nikos C. Papapostolou
22 Ship Finance: Hedging Ship Price Risk using Freight Derivatives 433 Amir H. Alizadeh and Nikos K. Nomikos
23 Marine Insurance 452 Stanley Mutenga and Christopher Parsons
PART V PORT ECONOMICS 471
24 Ports in Theory 473 Wayne K. Talley
25 Port Governance 491 Mary R. Brooks and Athanasios A. Pallis
26 Port Labor 517 Peter Turnbull
27 Port Competition and Competitiveness 549 Theo Notteboom and Wei Yim Yap
28 Container Terminal Effi ciency and Private Sector Participation 571 Baris Demirel, Kevin Cullinane and Hercules Haralambides
29 Determinants of Users Port Choice 599 Photis Panayides and Dong–Wook Song
30 Port Investment and Finance 623 Sander Dekker and Robert J. Verhaeghe
31 Ports as Clusters of Economic Activity 638 Peter W. de Langen and Elvira Haezendonck
32 Port State Control Inspection Deficiencies 656 Pierre Cariou, François–Charles Wolff and Maximo Q. Mejia, Jr
33 Port Security: The ISPS Code 674 Adolf K. Y. Ng and George K. Vaggelas
34 Port Security and the Quality of Port Interchange Service 701 Wayne K. Talley and Venus Y. H. Lun
Index 717
Wayne K. Talley is Professor of Economics at Old Dominion University, Norfolk, Virginia, where he is the Executive Director of the Maritime Institute and holds the designations of Eminent Scholar and the Frederick W. Beazley Professor of Economics. He is also the Editor–in–Chief of
Transportation Research Part E: Logistics and Transportation Review and the Deputy Editor–in–Chief of
The Asian Journal of Shipping and Logistics.
The Blackwell Companion to Maritime Economics presents comprehensive and in–depth coverage of shipping and port economics. Featuring contributions from the most respected international specialists in the field, this reference offers up–to–date insights into maritime carriers and their markets (e.g., freight, intermodal and passenger), shipping economics (e.g., dry bulk, liquid bulk, container, regulation, taxation, seafaring, safety and piracy), ship economics (e.g., equity, bond and hedging ship finance) and port economics (e.g., governance, labor, competition, efficiency, choice, investment, clusters, inspection and security).
In addition to providing a comprehensive survey of the literature on past and current practices on a wide range of maritime topics, new empirical research on safety and piracy in shipping, ship finance, and container terminal efficiency is presented as well as original theories for maritime carriers and ports that provide greater insights into their operations. With its unprecedented breadth of coverage and range of scholarship, TheBlackwell Companion to Maritime Economics represents the new standard resource for any and all topics related to maritime economics.