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loginThe third edition of Maritime Economics, like the previous editions, aims to explain howthe shipping market is organized and answer some practical questions about how it works.Why do countries trade by sea? How is sea transport organized? How are prices andfreight rates determined? How are ships financed? Are there market cycles? What returnsdo shipping companies make? How can a shipping company survive depressions? Whatinfluences ship design? And, of course, is it possible to make reliable forecasts?