Grade 11 – Maritime Economics

September 19, 2016

Major global areas of supply and demand

The major industrialised countries (see the map below showing the industrialised regions) are consumers of raw materials (e.g. iron ore, coal, oil, a range of other minerals) and, because there are large concentrations of people in those countries, they also need to import large amounts of food (e.g. grain, fruit). […]
September 19, 2016

Factors influencing trade fluctuations

See also Lesson 11.2.2  Ship Chartering (“Hiring” a Ship) The level of trade rises and falls, depending on a number of factors : Global or regional economic changes – If the world or a region is experiencing an economic boom, its export trade will flourish. Money will be available to […]
September 19, 2016

Procedures pertaining to shipping containers

In moving cargo, many international procedures and rules about documentation have to be followed carefully. Among important aspects relating to cargo imports and exports are the following: Customs – Every country has regulations relating to what may be brought into the country and whether a “duty” (a state-imposed fee) will […]
September 19, 2016

A Littoral State

A littoral state is a country that has a coastline, i.e. at least one part of the country borders on the sea. South Africa, for example, is a littoral state, but Lesotho and Botswana are not as they do not have a coastline. They are land-locked countries and rely on […]