OCEAN FLEET SHIPPING RATES, CAPACITY AND UTILIZATION FOR GRAINS

Ocean freight rates for heavy grains in the first half of 1982 reached their lowest levels since 1978, despite a 3-percent growth in seaborne grain movements in 1981. A worldwide economic recession and an oversupply of dry cargo carrying capacity was responsibile for this downturn. Based on current supply of dry bulk cargo carrying tonnage at the beginning of 1982, and on existing orders for new bulk ship tonnage, supply will continue to increase in the short run. In the absence of appreciable growth in the demand for shipping, continuing oversupply will keep grain rates from increasing appreciably in the near term.

  • Corporate Authors:

    Department of Commerce

    Economic Research Service
    Washington, DC  United States  20230
  • Publication Date: 1983-11

Subject/Index Terms

Filing Info

  • Accession Number: 00321471
  • Record Type: Publication
  • Source Agency: Transportation Statistical Reference File, TSC
  • Files: TSR
  • Created Date: Oct 30 1984 12:00AM