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International Trade and Shipping

In: Shipping and Logistics Management

Author

Listed:
  • Y. H. Venus Lun

    (Logistics and Supply Chain MultiTech R&D Centre)

  • Kee-hung Lai

    (The Hong Kong Polytechnic University)

  • T. C. Edwin Cheng

    (The Hong Kong Polytechnic University)

  • Dong Yang

    (The Hong Kong Polytechnic University)

Abstract

The shipping business is essential to the development of economic activities as international trade needs ships to transport cargoes from places of production to places of consumption. In this chapter, we discuss several fundamental questions in the shipping business. These questions are: Why is there a demand for shipping? What is a shipping system? Who are the actors in shipping? Broadly speaking, sea transport can be divided into tramp shipping and liner shipping. The purpose of tramp shipping is to provide convenient and economical transport for bulk cargoes that require maritime transport, whether it is cross-ocean movement or short-sea shipping. Bulk cargoes can be classified into dry bulk and liquid bulk. The demand for the transport of liquid bulk by sea is served mainly by the sector of tanker shipping. The main function of liner shipping is to satisfy the demand for regular containerized cargo transport. Shipping and international trade are interrelated. Shipping supports international trading activities by enabling physical cargo movements to complete the exchange transactions, while international trade growth promotes shipping-related investments including new shipbuilding, expansion of port and terminal, and use of cargo handling equipment, facilities, and technologies. This chapter also examines fundamental topics in the shipping business such as the sea transport system, international trade patterns, and international maritime passages.

Suggested Citation

  • Y. H. Venus Lun & Kee-hung Lai & T. C. Edwin Cheng & Dong Yang, 2023. "International Trade and Shipping," Springer Books, in: Shipping and Logistics Management, edition 2, chapter 0, pages 3-20, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-26090-2_1
    DOI: 10.1007/978-3-031-26090-2_1
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