Long acknowledged as the most comprehensive and authoritative book in its field, The Business of Shipping describes and analyzes the shipping business as it exists today. Essential to professionals who are specialists in one branch of the business, but only marginally knowledgeable about its other aspects, it will also familiarize newcomers to the industry with the many facets of the shipping enterprise and the international movement of cargo, and can serve as the basic volume for any course in marine transportation. While a good deal of the material from the seventh edition has been retained, new information has been added to reflect the recent developments in the industry. This text is indispensable for all maritime academies and professionals. of additional glossary terms.