Year: 1975 Language: english Author: S. G. Sturmey Genre: Research papers Format: PDF Quality: eBook Pages count: 296 Description: When British Shipping and World Competition1 was published at the end of rg62, it attracted an amount of attention which was probably unprecedented for a work in shipping economics. This was the result of a lucky accident of timing which led to the book appearing near the beginning of a period of doubt and questioning concerning not only the organisation of the British shipping industry, but also of many aspects of shipping as an international industry. The primary object of this doubt and questioning was the liner conference system and much of what has occurred in world shipping since the end of r g62 has related to liners. There are three broad areas in world shipping, namely liquid bulk, dry bulk and general cargo. In 1971 these comprised roughly 57 per cent, 30 per cent and 13 per cent respectively of the tonnage of cargoes carried. These tonnage figures, however, do not indicate the relative economic or commercial importance of each category of cargo - for example, general cargo possibly comprised around one-half of seaborne trade by value - nor do they reflect the relative importance of the three categories to the world shipping industry, since general cargo is much more important as a source of employment for ships and offreight earnings than the figure of 13 per cent might suggest. It is, as a broad generalisation, true to say that in the twelve years since the book was published the liquid bulk market has experienced only relatively minor changes in its economic organisation. The period has seen the emergence of tankers of ever-increasing size, of gas carriers of ever-increasing sophistication. Eleven years ago these developments could scarcely be visualised and they have clearly affected the structure and organisation of the market, but in an evolutionary and not a revolutionary way.
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Shipping Economics, Collected Papers
Language: english
Author: S. G. Sturmey
Genre: Research papers
Format: PDF
Quality: eBook
Pages count: 296
Description: When British Shipping and World Competition1 was published at
the end of rg62, it attracted an amount of attention which was
probably unprecedented for a work in shipping economics. This
was the result of a lucky accident of timing which led to the
book appearing near the beginning of a period of doubt and
questioning concerning not only the organisation of the British
shipping industry, but also of many aspects of shipping as an
international industry. The primary object of this doubt and
questioning was the liner conference system and much of what
has occurred in world shipping since the end of r g62 has
related to liners.
There are three broad areas in world shipping, namely
liquid bulk, dry bulk and general cargo. In 1971 these comprised
roughly 57 per cent, 30 per cent and 13 per cent respectively
of the tonnage of cargoes carried. These tonnage figures,
however, do not indicate the relative economic or commercial
importance of each category of cargo - for example, general
cargo possibly comprised around one-half of seaborne trade by
value - nor do they reflect the relative importance of the three
categories to the world shipping industry, since general cargo is
much more important as a source of employment for ships and
offreight earnings than the figure of 13 per cent might suggest.
It is, as a broad generalisation, true to say that in the twelve
years since the book was published the liquid bulk market has
experienced only relatively minor changes in its economic
organisation. The period has seen the emergence of tankers of
ever-increasing size, of gas carriers of ever-increasing sophistication.
Eleven years ago these developments could scarcely be
visualised and they have clearly affected the structure and
organisation of the market, but in an evolutionary and not a
revolutionary way.
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