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For 5000 years shipping has served the world economy and today it provides a sophisticated transport service to every part of the globe. Yet despite its economic complexity, shipping retains much of the competitive cut and thrust of the "perfect" market of classical economics... Read Full Overview

For 5000 years shipping has served the world economy and today it provides a sophisticated transport service to every part of the globe. Yet despite its economic complexity, shipping retains much of the competitive cut and thrust of the "perfect" market of classical economics... Read Full Overview

Maritime Economics provides a valuable introduction to the organization and workings of the global shipping industry. The author outlines the economic theory behind this large and complex market and at the same time deals with many of the operational practicalities involved.