TANKER FREIGHT COSTS AND CRUDE OIL PRICES
The study analyses the costs associated with tankers, showing the relative importance of capital, operating and voyage costs for various sizes of tanker. It also indicates how these cost elements are recovered under differing market conditions, and the relationship between cost recovery and the landed price of crude oil, with special reference to AFRA. Finally, the mechanism whereby higher crude oil prices can affect the tanker market, ship preferences and tanker operating procedures is discussed. As it now appears that continuing increases in the price of crude oil are a fact of life for the oil industry, the relationship between oil price levels and freight costs is likely to be of considerable importance in the evaluation of tanker economics.
HPD Shipping Publications34 Brook Street, Mayfair
London W1Y 2LL, England
- Publication Date: 1980-10
- Pagination: n.p.
- TRT Terms: Capital investments; Crude oil; Economic analysis; Imports; Operating costs; Petroleum industry; Ship operations; Ships; Tanker shipping; Tankers
- Old TRIS Terms: Crude oil imports; Economic analysis (Tanker operations); Petroleum economics; Tanker economics; Tanker operations; Voyage accounting
- Subject Areas: Economics; Marine Transportation; Operations and Traffic Management; Vehicles and Equipment;
- Accession Number: 00323241
- Record Type: Publication
- Report/Paper Numbers: Study No. 86
- Files: TRIS
- Created Date: Feb 6 1981 12:00AM