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5.0 out of 5 stars

TOP 1000 REVIEWERon 11 August 2010
AND THE LATEST FROM THE GRAMMENOS LIBRARY... AN INDISPENSABLE REFERENCE BOOK ON ECONOMIC AND BUSINESS ISSUES IN THE WORLD OF SHIPPING

An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers

If you're professionally involved in the world of shipping, whether novice or experienced practitioner, student or senior academic, you're probably familiar with now well known first edition (published in 2002) of this expertly compiled and thoroughly researched Handbook. This 2nd edition, published June 2010 offers a wealth of new material reflecting the numerous and profound changes that have affected shipping markets in these intervening eight years, but more of that later.

One of the latest publications from Lloyd's, this edition incorporates within its 1000+ pages a compilation of definitive articles on a wide range of shipping topics from forty of the world's top academics from 30 universities in 18 different countries, ranging alphabetically from Professor Patrick M. Alderton to Professor Manfred Zachcial. Read their biographical details in the 15-page List of Contributors and prepare to be astounded. What a world of expertise and authority between two covers!

Interestingly, Alderton, to cite only one example, is particularly noteworthy in our view for having run away to sea age seventeen and `trying most types of ships' before embarking on his formidable academic career. No ivory tower theorist he--combining both practical and theoretical insights as appropriate, as do the majority of his fellow contributors.

As editor Professor Grammenos states, the Handbook has been directly or indirectly influenced by the event of 21st century's first decade; from the explosive growth rates in China, to the emergence of world recession with all its problems, including the US subprime crisis and the `toxic products' it engendered. Consequently there is considerable new material in the Handbook, from an analysis of freight rates fluctuations...to measures for controlling air pollution from ships... to a discussion of capital markets as a source in shipping finance.

The range of shipping issues presented is certainly broad, not to mention thorough, from International Seaborne Trade and Shipping Investment Finance and Strategy, to International Logistics and IT.

The index is satisfactorily detailed and the number of bibliographical references (mostly in the end-notes which append each chapter) is vast -- and a treasure trove of sources if you're undertaking research. The Handbook, in short, is an important work of reference which will prove of immense value to everyone involved in the economic and business aspects of shipping.
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