MARKET CONDITIONS AND TANKER ECONOMICS

Starts out by describing the change from boom to slump, highlighting the market conditions which now exist and which are considered likely to persist for some time. These conditions are seen to be underemployment and low freight rates. The study goes on to compare these with trading costs and to show how operators have adjusted their tanker economics in the short term (through lay-up, slow-steaming etc.) in order to minimize the hardship created by these market conditions. Looking to the longer term the study goes on to consider possible action which operators may take to minimize their costs in a prolonged period of low freight rates.

• Corporate Authors:

  Drewry (HP) (Shipping Consultants) Limited

  Palladium House, 1-4 Argyll Street
  London W1V 1AD,   England 
• Publication Date: 1976-7

Media Info

• Pagination: 73 p.

Subject/Index Terms

• TRT Terms: Charter rates; Chartering; Demand; Economic analysis; Economics; Petroleum; Tanker shipping; Tankers
• Old TRIS Terms: Tanker chartering; Tanker demand; Tanker economics
• Subject Areas: Administration and Management; Economics; Geotechnology; Marine Transportation;

Filing Info

• Accession Number: 00139200
• Record Type: Publication
• Source Agency: Drewry (HP) (Shipping Consultants) Limited
• Report/Paper Numbers: No. 44 Econ Study
• Files: TRIS
• Created Date: Sep 4 1976 12:00AM