International Trade and Shipping

Y. H. Venus Lun (), Kee-hung Lai (), T. C. Edwin Cheng () and Dong Yang ()
Additional contact information
Y. H. Venus Lun: Logistics and Supply Chain MultiTech R&D Centre
Kee-hung Lai: The Hong Kong Polytechnic University
T. C. Edwin Cheng: The Hong Kong Polytechnic University
Dong Yang: The Hong Kong Polytechnic University

Chapter Chapter 1 in Shipping and Logistics Management, 2023, pp 3-20 from Springer

Abstract: Abstract The shipping business is essential to the development of economic activities as international trade needs ships to transport cargoes from places of production to places of consumption. In this chapter, we discuss several fundamental questions in the shipping business. These questions are: Why is there a demand for shipping? What is a shipping system? Who are the actors in shipping? Broadly speaking, sea transport can be divided into tramp shipping and liner shipping. The purpose of tramp shipping is to provide convenient and economical transport for bulk cargoes that require maritime transport, whether it is cross-ocean movement or short-sea shipping. Bulk cargoes can be classified into dry bulk and liquid bulk. The demand for the transport of liquid bulk by sea is served mainly by the sector of tanker shipping. The main function of liner shipping is to satisfy the demand for regular containerized cargo transport. Shipping and international trade are interrelated. Shipping supports international trading activities by enabling physical cargo movements to complete the exchange transactions, while international trade growth promotes shipping-related investments including new shipbuilding, expansion of port and terminal, and use of cargo handling equipment, facilities, and technologies. This chapter also examines fundamental topics in the shipping business such as the sea transport system, international trade patterns, and international maritime passages.

Date: 2023
References: Add references at CitEc
Citations:

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:978-3-031-26090-2_1

Ordering information: This item can be ordered from
http://www.springer.com/9783031260902

DOI: 10.1007/978-3-031-26090-2_1

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 ().