Alfred Marshall, whose Principles of Economics (first published in 1890) was for long an authority for

English-speaking economists, based his definition of the market on that of the French economist A.
Cournot:
“Economists understand by the term Market, not any particular marketplace in which things are
bought and sold, but the whole of any region in which buyers and sellers are in such free intercourse
with one another that the prices of the same goods tend to equality easily and quickly.”

To this Marshall added:

“The more nearly perfect a market is, the stronger is the tendency for the same price to be paid for
the same thing at the same time in all parts of the market.” (Alfred Marshall)

https://www.cyberlogitec.com/articles/is-the-slow-adoption-of-technology-in-the-maritime-industry- https://studiousguy.com/marketing-management-philosophies/
making-us-vulnerable/
https://www.youtube.com/watch?v=jFKmtho5NOk
 https://www.google.com/search?q=international+market+development&safe=strict&rlz=1C1NDCM_enID837ID837&sxsrf=ALeKk01wb
vajOh24wUvE9_nnDGEluD9ufw:1615746789653&source=lnms&tbm=isch&biw=1707&bih=740&dpr=1.13#imgrc=wAq_kQXAgBr7QM

https://www.google.com/search?q=international+market+development&safe=strict&rlz=1C1NDCM_enID837ID837&sxsrf=ALeKk01wbv
ajOh24wUvE9_nnDGEluD9ufw:1615746789653&source=lnms&tbm=isch&biw=1707&bih=740&dpr=1.13#imgrc=cM8R0tTqB0CztM
 Source: Clarkson Research Services Ltd

We can also see the graphic, the ship earnings have an impact
to the shipbuilding cycle too. In 1976 it can deliver 61 m dwt
but after that the chart was grown down. 1970s is the last
phase of the shipbuilding scrapping. It starts to grow up in
2000, and in 2012 it deliver 162,5 m dwt it was the peak of the
ship building cycle
https://safety4sea.com/equasis-the-world-merchant-fleet-in-2018/
 https://safety4sea.com/equasis-the-world-merchant-fleet-in-2018/

“Looking back at the statistics of the previous years, it is clear that younger ships are bigger than their predecessors. This trend
has been observed over a few years, with bigger and bigger ships being added to the world fleet.”
 VS https://www.maritimeuk.org/careers/

https://www.maritimeuk.org/careers/
https://www.marinefinland.fi/en-US/Humans_and_the_Baltic_Sea/Maritime_business/Finnish_Maritime_Cluster