The first edition of the Bremen World Shipping Yearbook, pub lished in 1953, met with a conspicuously good reception in profes sional circles at home and abroad. The international shipping press as well as the com etent men of science and shipping industry in the widest sense of the word warmly commended the new publication. The widespread interest, the general demand for a continuation of this work and the overall recognition have encouraged the author, Dr.G.A.THEEL, to cope once more with all the difficulties aris ing from a fundamentally new analysis of 1953/54-World Shipping as offered by this book. In order to render the book directly accessable to interested professional circles abroad, abilingual edition is presented this time. This together with the necessary extension of statistical data would have sent up the price of this book considerably. Consequently a solution had to be found for cutting down the printing costs with out, however, reducing the scientific value of this book. Consider ing the general boost of printing charges, it has become almost impossible to edit an extensive scientific work with widely diversi fied statistical data and graphs in a normally printed form and at a reasonable price, acceptable to all interested circles."