THE ECONOMIC ROLE OFTHE ECONOMIC ROLE OFTHE SHIPPING INDUSTRY THE SHIPPING INDUSTRY
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Shipping magnate are subject to the law of supplyand demand
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Shipping market is group of people like ship-owners, brokers , shipbuilding and banker who togethercarry out each year the herculean task of transporting more than 4000 bt of cargo by sea.
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Shipping is one of the world’s most internationalindustries and in studying maritime economic wedrawn into discussion of the world economy as awhole .
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Seaborne trade is ,in a sense at the apex of worldeconomy activity .
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