Details

List of Figures x <p>List of Tables xv</p> <p>Notes on Contributors xix</p> <p>Preface xxviii</p> <p><b>Part I Introduction 1</b></p> <p>1 General Introduction 3<br /> <i>Wayne K. Talley</i></p> <p>2 The Evolution of Maritime Economics 16<br /> <i>Trevor D. Heaver</i></p> <p>3 The Business of Shipping: An Historical Perspective 34<br /> <i>Ingo Heidbrink</i></p> <p>4 International Seaborne Trade 52<br /> <i>Michael Tamvakis</i></p> <p><b>Part II Maritime Carriers and Markets 87</b></p> <p>5 Maritime Carriers in Theory 89<br /> <i>Wayne K. Talley</i></p> <p>6 Maritime Freight Markets 107<br /> <i>Siri Pettersen Strandenes</i></p> <p>7 Intermodalism and New Trade Flows 121<br /> <i>Lixian Fan, Mohan M. Koehler and Wesley W. Wilson</i></p> <p>8 Cruise Lines and Passengers 138<br /> <i>Simon Véronneau and Jacques Roy</i></p> <p>9 Ferry Passenger Markets 161<br /> <i>Tor Wergeland</i></p> <p><b>Part III Shipping Economics 185</b></p> <p>10 Dry Bulk Shipping 187<br /> <i>George A. Gratsos, Helen A. Thanopoulou and Albert W. Veenstra</i></p> <p>11 Liquid Bulk Shipping 205<br /> <i>Dimitrios V. Lyridis and Panayotis Zacharioudakis</i></p> <p>12 Container Shipping 230<br /> <i>Theo Notteboom</i></p> <p>13 New Business Models and Strategies in Shipping 263<br /> <i>Peter Lorange and</i> Ø<i>ystein D. Fjeldstad</i></p> <p>14 Shipping Regulatory Institutions and Regulations 281<br /> <i>Paul G. Wright</i></p> <p>15 Shipping Taxation 304<br /> <i>Peter Marlow and Kyriaki Mitroussi</i></p> <p>16 Seafarers and Seafaring 321<br /> <i>Heather Leggate McLaughlin</i></p> <p>17 Safety in Shipping 333<br /> <i>Di Jin, Hauke Kite-Powell and Wayne K. Talley</i></p> <p>18 Piracy in Shipping 346<br /> <i>Maximo Q. Mejia, Jr., Pierre Cariou and François-Charles Wolff</i></p> <p><b>Part IV Ship Economics 371</b></p> <p>19 The Economics of Ships 373<br /> <i>Harilaos N. Psaraftis, Dimitrios V. Lyridis and Christos A. Kontovas</i></p> <p>20 Ship Finance: US Public Equity Markets 392<br /> <i>Costas Th. Grammenos and Nikos C. Papapostolou</i></p> <p>21 Ship Finance: US High Yield Bond Market 417<br /> <i>Costas Th. Grammenos and Nikos C. Papapostolou</i></p> <p>22 Ship Finance: Hedging Ship Price Risk using Freight Derivatives 433<br /> <i>Amir H. Alizadeh and Nikos K. Nomikos</i></p> <p>23 Marine Insurance 452<br /> <i>Stanley Mutenga and Christopher Parsons</i></p> <p><b>Part V Port Economics 471</b></p> <p>24 Ports in Theory 473<br /> <i>Wayne K. Talley</i></p> <p>25 Port Governance 491<br /> <i>Mary R. Brooks and Athanasios A. Pallis</i></p> <p>26 Port Labor 517<br /> <i>Peter Turnbull</i></p> <p>27 Port Competition and Competitiveness 549<br /> <i>Theo Notteboom and Wei Yim Yap</i></p> <p>28 Container Terminal Effi ciency and Private Sector Participation 571<br /> <i>Baris Demirel, Kevin Cullinane and Hercules Haralambides</i></p> <p>29 Determinants of Users’ Port Choice 599<br /> <i>Photis Panayides and Dong-Wook Song</i></p> <p>30 Port Investment and Finance 623<br /> <i>Sander Dekker and Robert J. Verhaeghe</i></p> <p>31 Ports as Clusters of Economic Activity 638<br /> <i>Peter W. de Langen and Elvira Haezendonck</i></p> <p>32 Port State Control Inspection Deficiencies 656<br /> <i>Pierre Cariou, François-Charles Wolff and Maximo Q. Mejia, Jr</i></p> <p>33 Port Security: The ISPS Code 674<br /> <i>Adolf K. Y. Ng and George K. Vaggelas</i></p> <p>34 Port Security and the Quality of Port Interchange Service 701<br /> <i>Wayne K. Talley and Venus Y. H. Lun</i></p> <p><i>Index</i> 717</p>

<p>“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.”  (<i>Expofairs.com</i>, 1 September 2012)</p> <p> </p>

<p><b>Wayne K. Talley</B> is the Frederick W. Beazley Professor of Economics, Eminent Scholar and Executive Director of the Maritime Institute at Old Dominion University, Norfolk, Virginia, U.S.A. He is an Honorary Chair Professor, Honorary Guest Professor and Honorary Visiting Professor at the National Chiao Tung University (Taiwan), Shanghai Maritime University (China) and City University (London, U.K.), respectively. Also, he is the Editorin-Chief of <i>Transportation Research Part E: Logistics and Transportation Review</i> and the Deputy Editor-in-Chief of <i>The Asian Journal of Shipping and Logistic</i></p>

<p><i>The Blackwell Companion to Maritime Economics</i> presents a 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).</p> <p>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, <i>The Blackwell Companion to Maritime Economics </i>represents the new standard resource for any and all topics related to maritime economics.

<p>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.</p> <p>-Anming Zhang, University of British Columbia</p> <p> </p> <p>A first-rate work. (This resource) brings together specialists in a number of related fields to write concise accounts of their subjects from theoretical and/or empirical and survey perspectives.</p> <p>-David J Starkey, University of Hull</p>

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