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Posted: November 16th, 2023
Maritime Business and Trade – Studies economics, finance, insurance and international trade specific to the shipping industry.
Maritime business and trade is a field of study that focuses on the economics, finance, insurance, and international trade specific to the shipping industry. Maritime business and trade is important because it facilitates global economic integration and supports about 80% of international trade volume (UNCTAD 1). Maritime business and trade also involves various markets, such as dry bulk, roll-on/roll-off, general cargo, and containers, each with its own characteristics and challenges.
Students of maritime business and trade learn about the factors that affect port activity levels and operations, such as shifts in global production, technological developments, geopolitical events, and policy barriers. They also learn about the different types of maritime services, such as shipbuilding, repairs and maintenance, logistics, and port management. Moreover, they gain an understanding of the risks and opportunities associated with maritime business and trade, such as environmental sustainability, digitalization, e-commerce, supply chain resilience, and maritime security.
Maritime business and trade is a dynamic and complex field that requires a multidisciplinary approach and a global perspective. Students who pursue this field can benefit from the knowledge and skills acquired to work in various sectors of the maritime industry or related fields.
Works Cited
“Chapter 1.1 – Maritime Shipping and International Trade.” Port Economics, Management and Policy, https://porteconomicsmanagement.org/pemp/contents/part1/maritime-shipping-and-international-trade/. Accessed 16 Nov. 2023.
“International maritime trade and port traffic.” UNCTAD Review of Maritime Transport 2021, United Nations Conference on Trade and Development, 2021, https://unctad.org/system/files/official-document/rmt2021ch1_en.pdf.
“Important Things You Need to Know Before Setting Up A Maritime Company.” The Maritime Executive, 14 Oct. 2020, https://maritime-executive.com/features/important-things-you-need-to-know-before-setting-up-a-maritime-company.
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