In tanker shipping, four different but interrelated markets coexist. Sea transport services are traded in the freight market, used vessels are bought and sold in the second-hand market, new vessels are dealt within the new building vessel market, and obsolete vessels are scrapped in the demolition market. These four shipping segments are linked together. The objectives of this chapter are to elaborate on the four shipping markets and to examine their inter-relationships. Our findings suggest that freight rate is associated with vessel prices. The determinants of fleet size include seaborne trade and freight rate.


    Access

    Check access

    Check availability in my library

    Order at Subito €


    Export, share and cite



    Title :

    The Tanker Shipping Market


    Additional title:

    Shipping and Transp. Logistics




    Publication date :

    2012-07-25


    Size :

    13 pages




    Type of media :

    Article/Chapter (Book)


    Type of material :

    Electronic Resource


    Language :

    English