The Turnaround of Cargo Liners and Its Effect Upon Sea Transport Costs

This is a study of the costs of a defined cargo liner, with the object of discovering to what extent the true costs - as distinct from the market rates - of moving freight and passengers by sea are affected by differences in turn-round time and route length. A method of shadow prices is used and the results help one to judge how far it is worth spending money in other directions in order to improve turn-round time.