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Ultra Resume Maritime Economic Martin Stopford

1) Seaborne trade is dependent on global trade as shipping transports over 90% of international trade by volume. 2) Countries rely more on seaborne trade the greater their needs for importing raw materials or exporting finished goods due to differences in factors of production between countries. 3) Bigger economies generate more total trade as they produce and consume more goods, with trade volumes correlated to differences in technology, tastes, transport costs, and cyclical surpluses and shortages between countries.

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155 views6 pages

Ultra Resume Maritime Economic Martin Stopford

1) Seaborne trade is dependent on global trade as shipping transports over 90% of international trade by volume. 2) Countries rely more on seaborne trade the greater their needs for importing raw materials or exporting finished goods due to differences in factors of production between countries. 3) Bigger economies generate more total trade as they produce and consume more goods, with trade volumes correlated to differences in technology, tastes, transport costs, and cyclical surpluses and shortages between countries.

Uploaded by

henrykurniawan
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Seaborne

Trade /
Marine
Trading
Henry Kurniawan
People do not need shipping, they need trade!
Ma Shuo - Maritime Economic, WMU 1999 P.6
TRADE
Shipping becomes interesting just because it is part of trade chain. Its demand is derived from trade

LOGIC
Due to natural and economic reasons, a specialization occurs in the production of goods and/or service.

Differences in : Larger Fleet

Seaborne trade
Trade Needed

World Trade
 Labour (costs, habits, regulation)
 Capital (availability, quantity,) Lower Cost
 Land (climate, resources, location, availability)
 Technology (production and management
know- how, marketing) Competitive Price
90%

MARITIME TRANSPORT DEPENDENCE 1995


To properly measure such dependence, we should look at No Country MDF No Country MDF
the amount of the country’s international seaborne cargo in 1 Singapore 179% 6 Philippines 62%
value and compare this with the country’s GDP.
2 Malaysia 131% 7 Vietnam 61%

MDF = Seaborne Trade in Value / GDP x 100% 3 Thailand 95% 17 Indonesia 43%
2
Type of Shipping Organization Cost Analysis & Principle of
Pricing
Capital Cost
Labour Costs
Operating Costs
Maintenance Costs

Fuel Costs (40-60%)

Voyage Costs
Port Costs

Shipping Costs structure

3
There is not much point in being an expert on the economics if we cannot find the ports on a map
Martin Stopford – Maritime Economic 3rd Edition P.347
Map of Trade By Volume

Distan
ce

Cargo
Ship Volume, Ship
Speed Frequency Size
& Cost

Ship
Type
The starting point is that trade takes place because someone
makes a profit from it. 4
Seaborne Trade – Interesting Finding
Bigger Economies are likely to generate more Trade Area Expo Imp Total
rt ort Trade
They are produce more Goods
North 8% 16% 12%

#1 America

Seaborne Trade
Greater Needs of Raw
Material West 16% 29 23%
Out of Raw Europe %
Material

Japan 3% 12% 7%
Absolute & Comparative Advantage
(Advance in technology)  Import
and has more return in Export
China 7% 10% 9%

#2 Why Countries Trade?

Difference in technology, Tastes, transport cost, &


Cyclical Surplus & shortages
5
Thanks
Henry
You can find me at

kurniawan henry ITS, International Dormitory


Blok D, Room Sumatra 5

henry.naval Phone: +62 813 58 400 126

henry.kurniawan9

henry kurniawan

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