Microeconomics of maritime shipping essay

Consumers' tastes preferences.

These are for example, the cement, which has to be kept dry in paper bags or bulk. It is one of the major commodity groups, which has a very share in the market of commodities carried.

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Forms include monopoly in which there is only one seller of a goodduopoly in which there are only two sellers of a goodoligopoly in which there are few sellers of a goodmonopolistic competition in which there are many sellers producing highly differentiated goodsmonopsony in which there is only one buyer of a goodand oligopsony in which there are few buyers of a good.

This is a central question and in order to gets an explanatory answer we have to make a separation between "bulk cargoes" and "general cargoes".

Microeconomics of maritime shipping essay

Future more, the Uruguay Round also made the progress in decreasing and eliminating non-tariff barriers, especially in agriculture products. In the voyage charter party, the shipowner is liable to the payment of the expenses arising from the administration and the depreciation.

Analysis in industrial organization intends to predict and explain behaviors. The freight is divided into six parts depending on the situation of transaction each time. Finally, a large debt may prove worrisome to foreigners if they believe the country risks defaulting on its obligations. In this category they belong specific commodities, which are all identified and selected from the IMO International Maritime Organization , and divided into nine 9 classes depending on the dangerous level they belong to. These are the following: 1. All these expenses are added to the final price of the product, and the consumers pay in order to have the goods in their hands. Discuss the role of the following in the shipping industry. Monetary flows and economic changes such as GDP growth, interest rates, inflation, and budget and trade deficits or surpluses, cause fluctuations in the exchangerate.

Trace the effects of prices on the market structure in the economy. This is a very extensive chapter, due to the fact that they exist, and so they are traded, many types of many commodities. The first one is to define which cargoes go in which ships.

This is called the amount, which is paid for the use of the whole or portion of a ship.

In this part of presentation, I have to say that all the factors are not same and they are factors that can be settled as direct and indirect. It is not the same and it depends on many factors, not only from the side of the shipper, which is the connecting link between seller and buyer, but also from the side of the consumers which are represented in the face of the buyer. The co relevant terms are not others from the dunnage, the distribution of the cargo, the stowage and discharging and the care of the voyage. By manipulating interest rates, central banks exert influence over both inflation and exchange rates, and changing interest rates impact inflation and currency values. How is pricing related to market structure? Moreover, if a government is not able to service its deficit through domestic means selling domestic bonds, increasing the money supply , then it must increase the supply of securities for sale to foreigners, thereby lowering their prices. A large debt encourages inflation, and if inflation is high, the debt will be serviced and ultimately paid off with cheaper real dollars in the future. This market has a number of marketplaces where currencies are traded at different rates. In this case we have a new definition; the business cycle. After all, we addressed maritime conflict. Three-fourths of the Earth is covered in water and roughly eighty percent of global economic goods are transported via commercial maritime shippers. Although some attempts were made to estimate national incomes as long ago as the 17th century,[2] the systematic keeping of national accounts, of which these figures are a part, only began in the s, in the United States and some European countries.

GDP is closely related to other important aggregates of the SNA: gross national income and gross national disposable income.

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