Branch's Elements of Shipping
Alan Edward Branch, Michael Robarts
- 500 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Branch's Elements of Shipping
Alan Edward Branch, Michael Robarts
About This Book
Since it was first published in 1964, Elements of Shipping has become established as a market leader. Now in its ninth edition, Branch's Elements of Shipping, renamed in memory of Alan Branch, has been updated throughout and revised to take in the many changes that have occurred in the shipping industry in recent years, including the impact of the economic crisis, the Panama Canal expansion and new legislation. All tables and data have been brought up-to-date and many new illustrations have been added.
The book explains in a lucid, professional manner the basic elements of shipping, including operational, commercial, legal, economic, technical, managerial, logistical and financial considerations. It also explores how shipping markets behave and provides an overview of the international shipping industry and seaports. Filling a gap for the discerning reader who wishes to have a complete understanding of all the elements of the global shipping scene together with the interface with seaports, international trade and logistics, it remains essential reading for shipping executives along with students and academics with an interest in the shipping industry.
Frequently asked questions
Information
(a) | World seaborne trade (Tables 1.1 and 1.2) during 1990–2010 expanded at an average of 6.5% each year. This figure was reached despite shipping and many other industries during 2008 and 2009 experiencing global recession. For example, during this period oil trade productivity was down 7.7% and in the dry sectors down 10%. These weaker figures reflected the downturn in overall global wealth and demand. Bucking this downward trend, the dry bulk sector continued to expand, though at a reduced rate of 1.8%. Overall the downturn in world seaborne trade was 6%. Yet in 2010 world seaborne trade expanded to reach a peak of 40,891 billion ton-miles, including a strong increase of 10.7% between 2009 and 2010. The average transport distance also increased, thereby improving ship produc tivity. Demand for haulage of crude oil and oil products at this time rose by 5.7%. This figure indicates crude oils being moved longer distances – for example, moving from wells in North and West Africa, Barents, Baltic and Black seas to destinations in Europe and North America. |
All five main dry bulk cargoes’ ton-miles increased by 12.4%, mainly because of rising and continued Chinese industrial demand. The remaining dry cargoes of minor bulks and extended liner cargo supply lines increased by 12.3%. These signs of greater activity can be attributed to demand by developed countries for merchandise, to the lasting effect of relocated industries in the Far East, and to the longer distances between cargo origins and destinations. However, predictions show a slowing of growth, and figures available for 2010–11 estimate a rise at only 4.7%, while 4.1% is predicted for 2011–12. | |
(b) | International seaborne trade (Table 1.3) rose by 7% to 8.4 billion tons of loaded goods in 2010. In 2011 the total of loaded goods is estimated to be 8.74 billion tons, and the growth rate is likely to slacken in subsequent years owing to the slow-down in the Far East economies, especially in China. This decline can be illustrated by tanker shipments of oil and gas, which rose in 2010 by 4.9% to 2.7 billion tons, whereas estimates of growth in 2011 are for only 0.9%. In 2011 it was estimated that Africa’s share of world exports was 9%, America’s 23%, Asia’s 39%, Europe’s 18% and Oceania’s by 11%. In 2004 the main producers of oil and gas were the Russian Federation at 578.6 bcm, United States 549.5 bcm, Canada 180.5 bcm, UK 102.7 bcm, Algeria 82.8 bcm, Iran 70 bcm and Indonesia 72.6 bcm. Other producers are located in the Middle East, Latin America and Asia – often obtaining natural gas as a result of oil production. About 20% of natural gas is exported, mainly by pipelines, which carry 75% of all exports. Many LNG tankers are now in the range of 150,000 m3 instead of the traditional 125,000 m3. Designs for a new type of vessel, the compressed natural gas carrier (CNG), were under inspection in North America and Norway. This carrier would provide a cost-effective solution for supplying gas from remote locations too small to warrant full-scale LNG projects. Oil pipeline construction continues in many oil-producing countries. An example is the 1,770 km pipeline from Baku (Azerbaijan) to Ceyhan (Turkey) on the Mediterranean Sea, which reduces the transit of tankers through the Dardanelles Straits. |
In 2011 dry cargo shipments recorded an increase of 5.6% to reach 5.95 billion tons. The five dry bulk trades of iron ore, coal, grains, bauxite/alumina and rock phosphate attained an increase of 6.1% and reached 2.4 billion tons. The remaining dry cargo trades, minor bulks and liner cargoes, increased at a rate of 5.2% to 3.4 billion tons. The share of dry cargo shipments in world seaborne trade was 68% of total goods loaded during the year. | |
As an example, dry cargo... |