Economics and International Liner Services

Economics and International Liner Services

An examination of the system of conferences to control charges by cargo liners. The author concludes that conferences do not maximise profits and that the rate structure is too arbitrary to deter competition; rates based on costs of carriage plus a normal profit would serve the needs of trade much better.

Share Content

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

Related Articles

Safety in Sea transport

This paper discusses the development of safety regulation in sea transport. It suggests that international competitive forces and regulatory capture, coupled with the slow and uneven effects of international conventions, has led to a sub-optimal level of ship safety. Reforms are therefore needed based on a systematic programme of cost-benefit analysis, involving higher quality of information.

View Journal »

The Economics of “Flagging Out”

Equilibrium in the maritime transport market between the established flag sector and the flag of convenience sector is explained by reference to comparative levels of efficiency and the real cost of labour. The established flag sector would increase if it could reduce its labour costs, especially the non-wage element.

View Journal »