The author contends that the enormous recent and prospective increases in the price of ships fuel will in themselves directly compel a restructuring of the world's dry bulk fleet. He divides the dry bulk fleet into three size ranges, small (below 40,000 dwt), medium (below 80,000 dwt), and large (exceeding 80,000 dwt). The restructuring has begun with the use of economical slow speed engines. According to the author the dry bulk fleet of the 80's will experience improved design for fuel consumption and draft (shallow-drafted, larger ships). The indications are that heavy growth is needed in the medium and large size ranges, but not in the small size range. The present and future uncertainties of the world economy, characterized by semi-permanent high level inflation, requires careful choice of ship-type and encourages more selectivity in ship investment.

  • Supplemental Notes:
    • Paper presented at Commodities on Bulk Shipping in the 80's, a Lloyd's of London Press Conference, the London Press Center, 13/14 December 1979.
  • Corporate Authors:

    Lloyd's of London Press Limited

    Sheepen Road
    Colchester, Essex CO3 3LP,   England 
  • Authors:
    • Narby, F
  • Publication Date: 1980

Media Info

  • Pagination: 11 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00316338
  • Record Type: Publication
  • Report/Paper Numbers: Conf Paper
  • Files: TRIS
  • Created Date: Oct 8 1980 12:00AM