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MARITIME
ECONOMICS
Instructions to candidates:
a) Time
allowed: Three hours (plus an extra ten minutes’ reading time at the start – do
not write anything during this time)
b)
Answer any FIVE questions
c) All
questions carry equal marks. Marks for each question are shown in [ ]
1.
Critically appraise the importance of sea transport to the global economy and
describe the characteristics of the sea transport demand. [20]
2.
Describe the main influences on the level of demand for maritime services and
identify the characteristics of economic cycles. [20]
3. Give
your understanding of the following terms:
a)
Break-bulk liner services
b) Bulk
carriers
c)
Demurrage [20]
4.
Identify the main sources of economies of scale and explain how economies of
scale can benefit maritime operations. [20]
5.
Advise a group of maritime economics students on components of TWO shipping
markets of your choice and provide examples to support your explanations. [20]
6.
Discuss the economic factors that will have an influence on the choice of
transport of bulk cargoes. [20]
7.
Write notes on THREE of the following:
a)
Charter party
b) Time
charter
c)
Voyage charter
d)
Transport logistics [20]
8.
Prepare a report explaining the following financial topics to members of your
staff:
a) Cash
flow costs and gearing
b)
Estimating a ship’s depreciation
c) Raising finance by
issuing bonds [20]