2019-01-25T11:21:18+00:00 Assignments

Critically appraise the importance of sea transport to the global economy and describe the characteristics of the sea transport demand

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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]


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