The Dry Bulk Shipping Market

This book models price behaviour and forecasts prices in the dry bulk shipping market, a major component of the world shipping industry. Recent uncertainties in the world economy, shipbuilding developments and fleet changes mean the dry bulk shipping market has become extremely volatile, highly speculative and more sensitive to external shocks. In response to these challenging circumstances, this book models price behaviour and forecasts prices in various markets including the freight market, the new build ship market and the second-hand ship market. The authors have carried out an extensive investigation of dry bulk shipping over a 60-year period in diverse sub-markets, trading routes, market conditions and dry bulk vessels. The authors also propose a framework for analysing and modelling the economic processes of numerous variables in the dry bulk shipping market, making use of modern econometric techniques and other economic approaches. This will be especially useful for the control and assessment of risk for ship owners and charterers in ship operation, ship chartering and ship trading activities. This book will be extremely useful for shipbuilders, owners and charterers, as well as shipping analysts and policymakers. It will also be of great interest to academics and researchers concerned with the economics of the shipping industry.

A captivating and informative portrait of the business of maritime dry bulk shipping. According to the International Chamber of Shipping, a global trade organization representing 80 percent of the world’s national shipowner organizations, 90 percent of world trade moves via the oceans—yet very few people know much about the maritime shipping industry. The Saltwater Highway aims to remedy that. Anthony Whitworth’s travels and experiences throughout the world have given him a unique perspective on how goods move around the globe on the high seas. From the time he was a young voyage accountant in Fednav, one of Canada’s largest maritime companies, Whitworth has been captivated by this fascinating, complex, multi-faceted industry. With close to five decades primarily in the dry bulk sector of global transport, Whitworth has seen the industry grow and change to meet the challenges of supplying the world with raw materials. From the great shipyards of Asia to the high-stakes finances of some of the largest corporations in the industry, to the ongoing efforts to combat climate change, The Saltwater Highway highlights Whitworth’s career as it follows the evolution of modern maritime shipping. Based on personal experiences and an in-depth knowledge of how this invaluable trade works, travel along the Saltwater Highway to such far-flung places as the Arctic Circle, the upper regions of the River Plate, the shores of western Scotland, and various capital cities of the world including London, Moscow, and Beijing to meet some of the people who shaped this business and to discover how maritime transportation impacts our daily lives.

First published in 1986. Routledge is an imprint of Taylor & Francis, an informa company.

Now in its second edition Maritime Economics provides a valuable introduction to the organisation and workings of the global shipping industry. The author outlines the economic theory as well as many of the operational practicalities involved. Extensively revised for the new edition, the book has many clear illustrations and tables. Topics covered include: * an overview of international trade * Maritime Law * economic organisation and principles * financing ships and shipping companies * market research and forecasting.