Book excerpt: This book is concerned with the role played by the sea transport industries in the development of global markets. It claims that the sea transport industry in fundamentally intrinsic to the political and economic interactions between nations. It seeks to demonstrate that the elements of shipping, internationalisation, and globalisation are intertwined. The purpose of this journal is to trace the development and examine the consequences of globalisation as it relates to maritime history. The four main issues under consideration are:- information networks and cooperation in transoceanic shipping; the expansion of markets; technological change; and the adaptability of entrepreneurs, institutions, and nation states to changing business environments. Geographically, the focus of the contributing essays splits between Europe and Japan.