Shipping Econs (Part 4)

In 2005, the shipping industry transported how many billion tons of cargo between 160 countries?

• 4.0 billion

• 7.0 billion

• 11.0 billion

• 15.0 billion

Which of the following cities is NOT mentioned as a maritime center where businesses compete on equal terms?

• Amsterdam

• Copenhagen

• Sydney

• Hong Kong

What is the common language used in the shipping industry?

• Mandarin

• French

• English

• Spanish

Which segment of the maritime business includes offshore oil, gas, renewable energy, and minerals?

• Vessel operations

• Shipbuilding and marine engineering

• Marine fisheries

• Marine resources

What are the four primary producing sectors of the world economy mentioned?

• Agriculture, energy, manufacturing, technology

• Energy, mining, agriculture, forestry

• Finance, transportation, healthcare, technology

• Media, tourism, education, construction

The parcel size distribution (PSD) function in the shipping industry helps determine:

• The speed of cargo transportation

• Which cargoes go in which ships

• The cost of freight

• The reliability of cargo delivery

What are the three segments of the shipping industry, based on the types of cargo they transport?

• Bulk, container, air freight

• Specialized, liner, air freight

• Bulk, specialized, liner

• Vessel operations, shipbuilding, marine resources

What factors determine how a cargo is shipped in the shipping industry?

• a) Parcel size, time in transit, safety

• b) Parcel size, price, speed

• c) Speed, security, reliability

• d) Price, security, overstock levels

In 2007, the world fleet of self-propelled sea-going merchant ships was approximately:

• 10,000 vessels

• 50,000 vessels

• 100,000 vessels

• 75,000 vessels

What percentage of the total value of world trade did the cost of freight represent in 2004?

• 1%

• 3.6%

• 5%

• 10%