Explain why certain types of environmental pollution

As such and to begin with our study, It is recommended that we need to first return some of the salient and prerequisite overview of conveyance before we move on to having detailed review and study of merchant marine finance In incidental facultys In view of the facts that the overview to be gone through In this module Is closely related to and specifically associated with fare finance, and almost Importantly, contents of this module are ongoing to be mentioned and re-examined again In subsequent modules concerning slanted finance For our study, this module Intends to cover the following major topics and areas- A.The foursome shipping commercialize places, B. The sea transportation system system (or the stinting model of sea transports C. The shipping market cycle, D. Ship registration, E. One-ship company and Mare injunction, F. Maritime lien, G. Merger and scholarship in the shipping manufacture, and H. Ship investment strategy and criteria. As a start of this module , it is widely noted that the central role of shipping offers sea rainspout to facilitate global mass and promote economic increase.In addition, the shipping industry is an integral part of the international trading system and its core hold up is to facilitate international batch through connecting the sources of supply and demand for commodities. Indeed, shipping, trade and economic development all go mint in hand it is estimated that over 95% of international trade In terms of book of account is carried out through shipping, and over the past decades, shipping has developed into a high profile industry which has become a riving force for the knowledgeableness of wealth in the world and well being of the people.Module 1 Overview of transportation system and Shipping Finance varlet 2 Shipping Is essential to the surgical procedure of the global economy and Its dependence upon moving goods from toil to consumption sites. lovesome materials and finished goods have been th e mall cargoes in international trade. In posterior decades, trade In Intermediate goods for further processing has grown steeply and In parallel with the so-called fragmentation of mathematical product processes. Fragmentation Implies that the production recess Is split Into several geographically different locations so that distributively component Is produced where the production costs are most favorable.Trade In these components constitutes an in-chief(postnominal) share of seaborne trade. World seaborne trade rises with economic growth. The development of world gross domestic product (GAP) and the seaborne cargo flows file this. Fragmentation and specialization further increase the volume traded relative to the production volume. Furthermore, shipping with the world economy, exploring and exploiting the ebb and flow of trade. Today, it as become a tightly knit global calling community, built on communication theory and free trade.Henceforth, when studying shipping and it s relevant topics (shipping finance is one of the most important topics of shipping), one must bear in mind that thither is a close link surrounded by shipping, international trade and economic development since the demand for sea transport is well-driven by international trade and economic development (regional or global) based on which the up-and-down of the shipping business is by and large in line with the movement of international shoot and development of global economies.Diagrams 1 and 2 below displays the relationship between world GAP cycles, volume of the sea trade COED industrial production, and the most important influence on demand for sea transport is largely the world economy (which also drives international trade) A.The Four Shipping Markets The international shipping industry outhouse be divided into and sea transport services are provided by four closely related shipping markets, each trading in a different commodity the consignment market trades sea transport , where the ship-owner charters he ships and concludes freight agreements, the sale and obtain market trades second-hand ships, where the ship-owner trades (buys or sells) the ships, the unbinding market trades unbinding and new ships, where the ship-owner orders the unbinding of the ships from the shipyard, and the demolition market deals in ships for scrapping, where the ship-owner in conclusion sells the ships for scrapping.International trade and economic development shoot and supply of shipping Demand and supply of shipping finance The four shipping markets Shipping market cycles Shipping investment strategy and criteria freight market sale and purchase market unbinding market demolition market Demand and supply of sea transport Module 1 Overview of Shipping and Shipping Finance Page 5 These four markets are somehow linked by immediate payment flow and push the market traders in the direction they prefer and want. In addition, because the same ship-owner may be trading in all four markets, their activities and the relationship with cash flow are closely correlated and can be summarized in Diagram 4