Maritime Economics is the study of economic principles and practices related to the shipping industry and maritime activities. It encompasses various aspects, including the transportation of goods by sea, the management of shipping companies, and the economic impact of ports and shipping routes. This field analyzes market trends, costs, and the efficiency of maritime operations. Additionally, Maritime Economics examines the regulatory frameworks that govern shipping, such as international laws and environmental policies. It also considers the role of shipping logistics, maritime trade, and global supply chains in facilitating international commerce and economic development.