The Maritime Economist Magazine Spring 2015 | Page 14
THEMARITIME Economist
INPLAIN
Maritime country profiles
Which countries specialize in which maritime businesses?
Dr. Jan Hoffmann, Chief, Trade Facilitation Section, UNCTAD
ME Mag
Throughout most of history, “maritime nations” had
their own national fleets, which were built, owned,
and manned by nationals of the same country whose
flag the ship flew. Today, a typical cargo carrying ship
may well be built in Korea, owned by a German
investment fund, operated by a Danish container
shipping line and fly the flag or the Marshall Islands.
The crew may be Philippine who are on contract
through a crewing agency in Cyprus. The ship may
be “classed” by a technical certification society from
Norway and be insured in London. Once the ship
becomes too expensive to maintain, it will most likely
be recycled in Bangladesh, India or Pakistan. Different
countries participate in different maritime businesses,
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and policy makers have an interest to identify those
maritime businesses where their countries participate
at present, or might participate in future.
Market shares
Let us start out by looking at the market shares of 8
selected countries in some key maritime businesses1.
The following charts show each country’s share in the
world’s population, economic output (i.e. their Gross
Domestic Product, GDP), and merchandise trade, as
well as 6 maritime businesses2:
1.
Ship owning
2.
Ship registration, i.e. the flag the ship is flying
1 The 8 countries are chosen as examples for being representative of a range of different maritime profiles, each specializing in a different set of
sectors. The author would be happy to share more examples and data by email ([email protected]).
2 Sources: GDP population and trade: UNCTAD statistics. Ship owning, registration