Dynasties of the Sea: The Shipowners and Financiers Who Expanded the Era of Free Trade - Hardcover

Lori Ann LaRocco

Hardcover

ISBN 10: 0983716366 ISBN 13: 9780983716365

Publisher: Marine Money, Intl., 2012

Synopsis

Lori Ann LaRocco

Publisher: Marine Money, Inc.

Dynasties of the Sea is the first book to examine one of the most powerful forces in global trade and economic development: world shipping and the magnates who drive the industry.

Operating from Monaco to Hong Kong, London to Athens, Singapore to Oslo, shipowners and their financiers have changed the world in every way.

From transporting agricultural products from Brazil to Africa and the Middle East, to delivering Australian iron ore to China, to carrying Middle East crude oil to Asia and the Americas, to carrying almost every article of clothing you are wearing and every electronic device in the world, shipowners have enabled global economic development and helped raise the global standard of living.

While ocean shipping remains one of the most important businesses in the world, it is also one of the most volatile. Affected by such imponderables as weather and political upheaval, shipowning cultures have maintained their commitment to an industry that has endured for centuries - and will continue to endure for centuries to come.

Profiles include Jim Tisch, Loews Corporation; John Fredriksen, Frontline Ltd.; Angeliki Frangou, Navios Maritime Holdings; Peter Evensen, Teekay Corporation; Philippe Louis-Dreyfus, Louis Dreyfus Armateurs Group; Wilbur L. Ross, Jr., WL Ross & Co.; Dagfinn Lunde, DVB Bank; Morten Arntzen, Overseas Shipholding Group, Inc. and more.

The candid and detailed first-person profiles that comprise Dynasties of the Sea provide critical insight into the psychology of today's generation of shipping magnates, from how they view risk - politically, economically and environmentally - to what they see transpiring in the world tomorrow.
 
Preface by Matthew McCleery, President, Marine Money International
Foreword by Lawrence B. Lindsey, Former Director of the National Economic Council
Afterward by Dr. Martin Stopford, President, Clarkson Research Services Ltd.

About this title

From the Author:

From iPhones, commodities to clothing, the shipping industry is both a major forward looking and backward indicator of the global economy and I'm not just talking about the Baltic Index. You need to look what's inside those containers.  By looking at what's being transported, and how of a product is being moved can give you a good barometer on the health of that economy. How else would some of these titans have seen the China slowdown months before the markets?

In "Dynasties of the Sea" these captains of industry offer their unique perspective on the headwinds facing the industry, their outlook on the global economy, sovereign debt crises, where they see opportunity and how they are leading in this "new normal".

From the Back Cover:

"Dynasties of the Sea is a must read for anyone. Lori Ann LaRocco captures the big ideas and backgrounds of these shipping titans who tend to stay out of the spotlight. This book is engaging and emphasizes shipping's vital role in free trade and how important capitalism is to the growth of the global economy. Powerful!" - Donald Trump, Chairman and President, The Trump Organization

"It's not just enough to 'Buy American' - we have to 'Sell American' around the globe. My state is the home of the top foreign tonnage port in the United States. Free Trade has been essential in the growth of our Port system. Lori Ann LaRocco's enlightening efforts highlighting the value Free Trade brings to all our lives, especially the role that shipping plays, prove what Sir Walter Raleigh wrote four centuries ago "whosoever commands the sea commands the trade." Instead of pirates and empires controlling the seas, today investment in the future races through the world's great oceans bringing a bit of Texas to the world and the world to Texas." - U.S. Congressman Kevin Brady, Chairman, U.S. House Ways & Means Subcommittee on Trade and Vice Chairman of the Joint Economic Committee

"China's opening and the collapse of Soviet Communism have been among the two most important economic events of the last generation. The results have seen more than three billion new consumers welcomed into the global marketplace. Trade has expanded and the world is more and more economically interdependent. But there are key players, traders, shippers and entrepreneurs behind these trends, and their stories have been brilliantly brought to light by Dynasties of the Sea. This unique read is an important contribution in truly understanding the direction of today's global economy." - Jon Huntsman, Jr., Former Utah Governor and Former United States Ambassador to China

"To get a clear view on what makes the global economy tick, you should read Dynasties of the Sea. Lori Ann LaRocco's profiles of the colorful captains of the global shipping industry provide a unique insight into why they've succeeded and what powers global growth." - Mark Zandi, Chief Economist, Moody's Analytics

"Lori Ann LaRocco has done it again, this time masterfully chronicling one of the world's oldest and most respected businesses. The shipping industry has enabled civilizations to develop and prosper for thousands of years. And yet no one has brought to life this story of maritime commerce - and the titans who have driven it - better than LaRocco. Dynasties of the Sea should be required reading for anyone whose life is supported by this great business. Its telling narrative will also fascinate any reader interested in economic development, free trade, or how the countless goods we use every day make it to our homes and offices... I recommend enthusiastically." - Russell S. Reynolds, Jr., CEO, RSR Partners

"Dynasties of the Sea captures the rich history and the key players of the shipping industry, bringing to public attention the critical role shippers have played in driving international trade and our global economy. With 95% of consumers living outside of the United States, the shipping industry is what connects our manufacturers and business to these important customers, ensuring that that the U.S. can maintain its global competitiveness." - Jay Timmons, CEO, National Association of Manufacturers

"Dynasties of the Sea offers a fascinating analysis of the shipping industry's contribution to the economic expansion and the importance of global trade. A worthwhile read for both the novice and professional." - Florida Governor Rick Scott

About this edition

• Publisher: Marine Money, Intl.
• Publication date: 2012
• ISBN 10: 0983716366
• ISBN 13: 9780983716365
• Binding: Hardcover
• Edition number: 1
• Number of pages: 290