The Principles of the Seaborne Trade and the Determining Factors of the Demand for Ship Space

Abstract

We have presented the impact on Seaborne Trade of globalization, of international mobility of the Manufacturing towards the East, of the international demand for iron-ore, steel & energy, of the demography & of the global financial crisis, which took place in 2009-2018. The main components of the Seaborne Trade, i.e., exports , imports and the balance of trade, w ere analyzed in depth using quantities, and presenting them in diagrams, beginning in 2004—where an exceptional global growth started 2003 . We did not fail , however, to update our data 2011-2020 . Our quantitative contribution is considered to be the use/presentation of a simple statistical tool, (a two-variable linear regression), to test the assumed correlations between 1) GDP , 2) land area , 3) population , & 4) imports , as well as the influence of GDP on Exports . Moreover, we tested the theory that “when one country imports a lot —compared with its exports —it means… that it lacks natural endowments ”! The gifted countries/areas for exports found: the “Middle East” (as one area), Australia, Indonesia, and the “East Coast of South America”, plus 31 others 1 . Thanks God, the “gifted trading nations”, which were prone to export more , made the majority of the nations (61%) out of a total of 57 countries, which appeared in our study!