Maritime is a word with a broad sense, which covers many aspects related to the sea often beyond purely transportation. However, maritime economics, which is referred to and discussed hereafter, is exclusively limited to transportation and the directly related activities. A more accurate name should be : Maritime Transport Economics.
Maritime transport is a complex system, which can be subdivided into several groups of activities around and in support of the core activity; the movement of cargo by sea. These supporting activities are vital to the shipping industry although they often independently operated. These activities are basically either related to ships or cargo. Maritime economics is interested in those activities are basically either related to ships or cargo. Maritime economics is interested in those activities as well.
The following Graph shows the relationship between the sea transport and the related maritime activities and between shipping companies and the various organizations.
Maritime economics concentrates on the economic decisions of shipping and shipping related companies. It covers also all other maritime related activities and sectors, on which decisions are dependent to various degrees. Maritime economics is a tool, which can be used to enable decision makers to understand the relationship between economic variables within a shipping company and outside it between the shipping company and other relevant organizations. So the limited resources can be best utilized for achieving the corporate goal.
Maritime transport is a complex system, which can be subdivided into several groups of activities around and in support of the core activity; the movement of cargo by sea. These supporting activities are vital to the shipping industry although they often independently operated. These activities are basically either related to ships or cargo. Maritime economics is interested in those activities are basically either related to ships or cargo. Maritime economics is interested in those activities as well.
The following Graph shows the relationship between the sea transport and the related maritime activities and between shipping companies and the various organizations.
Main Relationship Within Maritime Industry
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| Maritime Industry Relationship |
Maritime economics concentrates on the economic decisions of shipping and shipping related companies. It covers also all other maritime related activities and sectors, on which decisions are dependent to various degrees. Maritime economics is a tool, which can be used to enable decision makers to understand the relationship between economic variables within a shipping company and outside it between the shipping company and other relevant organizations. So the limited resources can be best utilized for achieving the corporate goal.
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