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MARITIME ECONOMICS EXAM QUESTIONS WITH CORRECT ANSWERS 2025

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MARITIME ECONOMICS EXAM QUESTIONS WITH CORRECT ANSWERS 2025

Institution

Maritime

Course

Maritime

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MARITIME ECONOMICS EXAM QUESTIONS
WITH CORRECT ANSWERS 2025
WhyRdoRcountriesRtrade?R-RcorrectRanswer-DifferencesRinRnaturalRresources

DifferencesRinRproductionRcosts

TemporaryRimbalances

BasisRforRinternationalRtradeR-RcorrectRanswer-GeographicalRdifferences

WhoRareRtheRmainRactorsRinRinternationalRshipping?R-RcorrectRanswer-·RShippers/charters

·RShipowners

·RShipbuilders

·RSeamen'sRorganizations

·RBanks

·RInvestors

·RInsuranceRcompanies

·RBrokers

·RRegulators

·RClassificationRsocieties

·RGovernments

·RPorts/PortRauthorities

WhatRisRdeficit,RcompetitiveRandRcyclialRtradeR-RcorrectRanswer-
DeficitRtrade,RwhenRthereRisRaRshortageRofRaRproductRinRoneRareaRandRaRsurplusRinRanother,RwhichRleadsRtoR
aRtradeRflowRandRfillsRoutRaRgapRinRtheRleadingRcountry.RVeryRcommonRinRtheRrawRmaterialRtrade-market

TheRcompetitiveRtrade.RThisRhappensRwhenRanRareaRisRableRtoRproduceRaRproduct,RbutRmaybeRtheRmaterial
sRareRcheaperRinRotherRareas.RThisRisRalsoRrunRbyRtheRconsumerRchoice,RmeaningRthatRyouRareRsearchingRfo
rRdiversityRandRwantsRsomethingRbetterRthatRcan'tRbeRboughtRdomestic.

CyclicalRtrade.ROccursRinRtimesRofRshortages,RforRexampleRbadRharvestes.

,HowRisRinternationalRshippingRrelatedRtoRtheRworldReconomy?R-RcorrectRanswer-
DifferencesRinRnaturalRresourcesROil

ComparativeRadvantages

ImportRthingsRevenRwhenRnotRneeded,RbecauseRofRcomparativeRadvantagesRlikeRbetterRqualityRorRcheaperR
products

CreatesRwealthRtoRexportRgoods

HowRisRtheRworldReconomyRrelatedRtoRinternationalRshipping?R-RcorrectRanswer-
WhenRtheReconomyRisRbad,RweRwillRnotRshipRasRmuch

HighReffectRonRsupplyR/Rdemand

ComparativeRadvantagesRvs.RAbsoluteRadvantagesR-RcorrectRanswer-
AbsoluteRadvantagesRmeansRthatRaRcountryRbenefitsRfromRspecializingRinRspecificRproducts,RandRtradingRth
emRforRotherRgoods,RbecauseRspecializationRmakesRhigherRqualityRproducts.REx.RinsteadRofRproducingRboth
RwineRandRbeerRofRlowerRquality,RspecializeRinRoneRofRthemRandRtradeRforRtheRother.

ComparativeRadvantagesRisRwhenRaRcountryRcanRproduceRtheRsameRqualityRofRaRproductRasRanotherRcountr
y,RbutRisRableRtoRproduceRitRwithRaRlowerRcost.

BiggestRshippingRcompaniesR-RcorrectRanswer-APM-Maersk.

MSCR-RMediterraneanRShippingRCompany.

COSCOR-RChinaROceanRShippingRCompany.

CMA-CGM.

Hapag-Lloyd.

ONER-ROceanRNetworkRExpress.

EvergreenRLine.

PILRPacificRInternationalRLine.

WhatRisRaRshippingRmarket?R-RcorrectRanswer-
ThereRareRseveralRfreightRmarkets,RwhichRareRdistinguishedRby

oRCargoRtypes

oRParcelRsize

,oRGeographyR(tradeRarea)

oRTimeR(durationRofRcontracts)

HowRdoRshippingRcompaniesRmakeRmoney?R-RcorrectRanswer-ShipownersR-RmakesRmoneyRby:

oRTransportingRcargoesRfromRA-BR(FreightRmarket)

oRBuyingRandRsellingRoldRwesselsRatRattractiveRpricesR(S&PRmarket)

oRSellingRshipsRforRrecyclingR(DemolitionRmarket)

oRBuyingRandRsellingRnewRbuildingRcontractsRatRattractiveRpricesR(NBRmarket)

WhoRareRtheRplayersRinReachRofRtheRfourRshippingRmarkets?R-RcorrectRanswer-
FreightRmarket:RShipowner,Rbroker,RcargoRowner

SaleRandRpurchase:RShipownersRandRbrokers

NewRbuildingRmarket:RShipyards,Rbrokers

TheRdemolitionRmarket:RShipownersRandRdemolitionRyards

HowRdoRtheRfourRshippingRmarketsRrelateRandRinteract?R-RcorrectRanswer-
WhenRtheRfreightRmarketRbooms:

oRSecondhandRpricesRgoRup

oRDemandsRforRnewRshipsR-RpricesRgoRup

- CoupleRyearsRlaterRtheRshipsRcomesRtoRtheRmarketR=RBiggerRworldRfleet
R R

·RHighRsupply

·RMarketRgoRdown:RmoreRshipsRwillRbeRscrappedRorRsoldRcheapRonRSH

oRFreightRmarketRgoRdown

oRSecondRhandRpricesRgoRdown

§RHighRsupplyRcomparedRtoRdemand

oRARlotRwillRdemolishRships,RthatRwillRnotRmakeRprofitRinRtheRfuture

, HowRfreightRmarketRcorrelatesR-RcorrectRanswer-
oRAllRfreightRmarketsRreflectRtheRglobalReconomicRdevelopmentR(RhighRGDPRgrowthRtranslatesRintoRhighRde
mandRforRshipping)

NegativeRcorrelation

oRCrudeRoilRtankersRvs.RdryRbulkRcarriersRforRcoal,

oRBecauseRcoalRisRaRsubstituteRforRoil

NotRperfectlyRcorrelated

oRShipownersRneedsRtoRmanageRriskRbyRhavingRshipsRinRdifferentRmarkets

oRShipRthatRcanRtransportRdifferentRcargos

oRCombinationRcarriersRableRtoRswitchRbetweenRdryRbulkRandRtankerRmarkets

oRConversionRofRexistingRtonnageR(changingRyourRshipRtoRanotherRmarket)

oRConversionRofRtonnageRonRorderR(changingRnew-buildingRspecification)

WhatRisRtheRfreightRmarketR-RcorrectRanswer-
TheRfreightRmarketRisRtheRmarketRinRtheRshippingRindustryRwhichRcoversRtheRtransportRofRcargo

WhichRthreeRmarketsRconsistsRtheRfreightRmarketRof?R-RcorrectRanswer-oRTheRvoyageRmarket

R R - WhichRtradesRtransportRforRaRsingleRvoyage

oRTheRtimeRcharterRmarket

R R - WhichRhiresRaRshipRforRaRdefinedRperiod

oRFreightRderivatesRmarketR(FFAs)

R R - WhichRdealsRinRforwardRcontractsRsettesRagainstRanRindex

R-
RARderivateRcontractRisRaRlegallyRbindingRagreement,RtheRtwoRpartiesRagreeRtoRcompensateReachRotherRwh

enRchangesRinRtheRfreightRrateR(FFAs)

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MARITIME ECONOMICS EXAM QUESTIONS WITH CORRECT ANSWERS 2025

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