3rd Edition

The Handbook of Maritime Economics and Business

Edited By Costas Th. Grammenos Copyright 2026
1072 Pages 215 B/W Illustrations
by Informa Law from Routledge

1072 Pages 215 B/W Illustrations
by Informa Law from Routledge

In its third edition, this book is the founding title of the Grammenos Library, also referred to as “The Maritime Bible” in more than 30 countries. The diversity of the subjects covered in this book remains unique and is the result of research developed over many years. The chapters are not only comprehensive in their coverage, but also have important implications on real-life issues in maritime... Read more

PART 1: Shipping Economics and Maritime Nexus

1 Maritime Business: Continuity and Change

GELINA HARLAFTIS AND IOANNIS THEOTOKAS

2 Globalisation: The Maritime Nexus

JAN HOFFMANN AND SHASHI KUMAR

PART 2: International Seaborne Trade

3 International Trade in Manufactured Goods

MARY R. BROOKS

4 Energy Economics and Trade

MICHAEL TAMVAKIS

PART 3: Economics of Shipping Markets and Shipping Cycles

5 Shipping Market Cycles

MARTIN STOPFORD

6 Shipping Freight Economics: A Theoretical and Practical Application

WESSAM ABOUARGHOUB

7 The Post-WWII Dry Cargo Tramp Shipping Cycles

ANDREAS VERGOTTIS

8 An Overview of the Dry Bulk Shipping Industry

AMIR H. ALIZADEH AND NIKOS K. NOMIKOS

PART 4: Economics of Shipping Sectors

9 Economics of the Markets for Ships

SIRI PETTERSEN STRANDENES

10 The Liquefied Natural Gas and Liquefied Petroleum Gas Shipping Markets

XIWEN BAI AND JASMINE SIU LEE LAM

11 Economics of Short-Sea Shipping

ENRICO MUSSO, ANA CRISTINA PAIXÃO CASACA, AND ANA RITA LYNCE

PART 5: Topics in Liner Shipping

12 Competition Through Cooperation in Liner Shipping

WILLIAM SJOSTROM

13 The Strategies of Container Shipping Companies in the Evolution of Global Logistics

TREVOR D. HEAVER

14 Estimating the Productivity and Efficiency of Container Ports and Terminals: Concepts, Methods and Applications

KEVIN CULLINANE

PART 6 Decarbonisation and Green Shipping

15 Shipping Decarbonisation: Overcoming the Obstacles

HARILAOS N. PSARAFTIS

16 Environmental Strategy and Performance in Shipping

PHOTIS M. PANAYIDES, ANDRIA E. ALEXANDROU, AND STELIOS E. ALEXANDROU

17 The Insurance Implications of IMO Greenhouse Gas Initiatives

ANDREW MACKENZIE, CORMAC BRYCE, AND IOANNIS C. MOUTZOURIS

PART 7: National and International Shipping Policies

18 Maritime Policy and Globalisation: Jurisdictions, Governance, Juxtaposition

MICHAEL ROE

19 The Shipbuilding and Ship Recycling Industries From an Economic Perspective and an International/Global Point of View

DIMITRIOS V. LYRIDIS AND CHARIS NTAKOLIA

PART 8: Aspects of Shipping Management and Operations

20 Location of Shipping Companies: A Preliminary Analysis of the Role of Ship Registration and Ownership

KYRIAKI MITROUSSI

21 Α Strategic Human Resources Management Generic Framework for the Shipping Industry

IOANNIS THEOTOKAS AND IOANNIS LAGOUDIS

22 Maritime Business Administration: Classifications, Functions, and Maritime Transportation

GUL DENKTAS-SAKAR, D. ALI DEVECI, AND A. GULDEM CERIT

23 Executive Compensation in Shipping

STEPHEN GONG, MATTHEW RYAN, AND LINA SHI

24 Vessel Accidents

WAYNE K. TALLEY

PART 9: Shipping Investment and Finance

25 Shipping Investment in the Watershed Years: “Come Fuel and High Uncertainty”

HELEN A. THANOPOULOU

26 Credit Risk, Analysis, and Policy in Bank Shipping Finance

COSTAS TH. GRAMMENOS

27 Shipping Finance and International Capital Markets: Post-Crisis Lessons and Forward Challenges

THEODORE C. SYRIOPOULOS

28 Business Risk Measurement and Management in the Cargo-Carrying Sectors of the Shipping Industry: A Historical Perspective and Recent Developments

MANOLIS G. KAVUSSANOS AND STERGIANI (STELLA) A. MOYSIADOU

29 Managing Freight Rate Risk Using Freight Derivatives: An Overview of the Empirical Evidence

NIKOS K. NOMIKOS AND AMIR H. ALIZADEH

30 Valuing Maritime Investments With Real Options: The Right Course to Chart

HELEN B. BENDALL

31 Behavioural Finance and Shipping Investment

IOANNIS C. MOUTZOURIS, NIKOS C. PAPAPOSTOLOU, AND PANOS K.POULIASIS

PART 10: Port Economics and Management and Maritime Clusters

32 Port Management, Operation and Competition: A Focus on North Europe

HILDE MEERSMAN, EDDY VAN DE VOORDE, AND THIERRY VANELSLANDER

33 Maritime Clusters

MEIFENG LUO AND MENGCHI LI

PART 11: Aspects of International Logistics

34 Sources of Competitiveness for the EU Global Logistics Power: Evidence From Comparative Panel Analysis of Air- and Sea-Mode Choice

KUNIO MIYASHITA

35 Digitalisation in Logistics and Maritime Transport

ULLA TAPANINEN AND DAN HEERING

Biography

Professor Costas Th. Grammenos, CBE, BA (Panteion University), MSc (Bangor University), DSc (City, University of London), FCIB, Hon FIMarEST, FRSA is LRF Professor in Shipping, Trade and Finance, former Pro Vice-Chancellor of City, University of London (now City St George’s, University of London) and former Deputy Dean of its Cass Business School (now Bayes Business School) where he founded the Centre for Shipping, Trade and Finance in 1983.