Energy economics and trade for the European Union: The role of seaborne transport
Energy is a driving force of economic development in the modern world, while as a commodity group it holds the greatest share of the world seaborne trade. Oil, natural gas and coal are the three most important sources of energy for the European Union which, as a bloc, represents 17% of the total ene...
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| Format: | Article |
| Language: | English |
| Published: |
Emerald Publishing
2006-12-01
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| Series: | Journal of International Logistics and Trade |
| Online Access: | https://www.emerald.com/insight/content/doi/10.24006/jilt.2006.4.2.53/full/pdf |
| _version_ | 1797611762955059200 |
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| author | Kyriaki Mitroussi |
| author_facet | Kyriaki Mitroussi |
| author_sort | Kyriaki Mitroussi |
| collection | DOAJ |
| description | Energy is a driving force of economic development in the modern world, while as a commodity group it holds the greatest share of the world seaborne trade. Oil, natural gas and coal are the three most important sources of energy for the European Union which, as a bloc, represents 17% of the total energy consumption. The aim of the present paper is to explore the economics and trade issues of these three major energy commodities and investigate the role of the maritime transport in the energy trade within the context of the EU-25. A number of factors are considered in order to discuss contemporary opportunities and challenges that arise in this context for the shipping business. The examination reveals the critical dependence of EU-25 energy supply on seaborne trade and the considerable reliance of the maritime transport on such commodities for the generation of shipping business within the realms of the EU-25. Among the parameters regarded as conducive to the demand of shipping services in the context of the EU energy trade are the energy demand factor, the import dependency factor, the cost effective production element, and seaborne trade related parameters while consideration is also given to environmental issues. |
| first_indexed | 2024-03-11T06:33:19Z |
| format | Article |
| id | doaj.art-c4e15098bc2648beb7a0880e88f0ae83 |
| institution | Directory Open Access Journal |
| issn | 1738-2122 2508-7592 |
| language | English |
| last_indexed | 2024-03-11T06:33:19Z |
| publishDate | 2006-12-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Journal of International Logistics and Trade |
| spelling | doaj.art-c4e15098bc2648beb7a0880e88f0ae832023-11-17T11:04:26ZengEmerald PublishingJournal of International Logistics and Trade1738-21222508-75922006-12-0142537310.24006/jilt.2006.4.2.53Energy economics and trade for the European Union: The role of seaborne transportKyriaki Mitroussi01Cardiff Business School, Logistics and Operations Management, Aberconway Building Colum Drive Cardiff, Wales, UKEnergy is a driving force of economic development in the modern world, while as a commodity group it holds the greatest share of the world seaborne trade. Oil, natural gas and coal are the three most important sources of energy for the European Union which, as a bloc, represents 17% of the total energy consumption. The aim of the present paper is to explore the economics and trade issues of these three major energy commodities and investigate the role of the maritime transport in the energy trade within the context of the EU-25. A number of factors are considered in order to discuss contemporary opportunities and challenges that arise in this context for the shipping business. The examination reveals the critical dependence of EU-25 energy supply on seaborne trade and the considerable reliance of the maritime transport on such commodities for the generation of shipping business within the realms of the EU-25. Among the parameters regarded as conducive to the demand of shipping services in the context of the EU energy trade are the energy demand factor, the import dependency factor, the cost effective production element, and seaborne trade related parameters while consideration is also given to environmental issues.https://www.emerald.com/insight/content/doi/10.24006/jilt.2006.4.2.53/full/pdf |
| spellingShingle | Kyriaki Mitroussi Energy economics and trade for the European Union: The role of seaborne transport Journal of International Logistics and Trade |
| title | Energy economics and trade for the European Union: The role of seaborne transport |
| title_full | Energy economics and trade for the European Union: The role of seaborne transport |
| title_fullStr | Energy economics and trade for the European Union: The role of seaborne transport |
| title_full_unstemmed | Energy economics and trade for the European Union: The role of seaborne transport |
| title_short | Energy economics and trade for the European Union: The role of seaborne transport |
| title_sort | energy economics and trade for the european union the role of seaborne transport |
| url | https://www.emerald.com/insight/content/doi/10.24006/jilt.2006.4.2.53/full/pdf |
| work_keys_str_mv | AT kyriakimitroussi energyeconomicsandtradefortheeuropeanuniontheroleofseabornetransport |