The new edition of Maritime Economics combines a sophisticated historical and theoretical analysis of this large and complex market with a practical explanation of all aspects of the shipping industry.

New and enlarged chapters in this substantially revised third edition cover:

5000 years of commercial shipping history

shipping cycles back to 1741;

the four shipping markets (freight rates and freight derivatives, second hand ships, newbuilding, demolition);

latest developments in ship financing techniques

the theory of maritime trade

With over 200 illustrations and tables Maritime Economics: third edition is essential reading for students and professionals with an interest in the shipping industry.