Ocean Transportation

It is the purpose of this work to analyze the development and status of ocean transportation and develop projections of future trends. This analysis starts with a review of ocean transportation demand and supply including projections of ship capacity demand and world shipbuilding capacity under various economic and political assumptions. The study next reviews ocean transportation technology and reviews trends and voids in technology development. The discussion of technology considers the ocean transportation system as a whole, and the composite subsystems such as hull, outfit, propulsion, cargo handling, automation, and control and interface technology. In ocean transportation economics we present investment and operating costs as well as the results of a study of financing of shipping. Similarly, a discussion of government aid to shipping is presented.