Shipping Economics: Status and Future Prospects

Wessam Abouarghoub () and Jane Haider ()
Additional contact information
Wessam Abouarghoub: Cardiff University
Jane Haider: Cardiff University

Chapter Chapter 14 in Contemporary Operations and Logistics, 2019, pp 259-279 from Springer

Abstract: Abstract In this chapter, we examine the status and future prospects of the shipping industry, from macroeconomic and microeconomic perspectives, to explore the challenges facing shipping stakeholders. First, shipping economic theory is discussed and a comparison between shipping classic theory and shipping rational theory is presented to identify practical applications. Second, for better understanding of shipping economics fundamentals, the drivers for the demand and supply for seaborne trade are defined. Third, the efficiency of shipping markets is discussed and linked to strategic decision-making in the shipping industry. Finally, contemporary topics in sipping economics such as the challenges of low carbon shipping in a changing climate change, the importance of sustainability in shipping, technology and innovation in shipping and the concept of smart shipping are discussed and analysed.

Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-14493-7_14

Ordering information: This item can be ordered from
http://www.springer.com/9783030144937

DOI: 10.1007/978-3-030-14493-7_14

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().