MARITIME TRANSPORTATION OF OIL PRODUCTS: ANALYSIS AND PROSPECTS
The purpose of this study is to explore the factors that play an important role in explaining supply and demand of petroleum product tankers. It is a detailed examination of parameters for evaluating investment and strategies. The economic theory of market behavior under competition enables the theoretical analysis of pricing to estimate the price of tanker transportation service. An optimization method is used to estimate product movements. An aggregated econometric model was used to estimate the available fleet. It was assumed that ship owners maximize profits under conditions of perfect competition. Freight rates are then obtained using the interaction of transportation supply and demand. The model forecasts spot rates and shipping prices for 1994, 1995, and 1996.
- U.S. sales only.
Institut Francais du Petrole1 et 4 Avenue de Bois-Preau, BP 311
92506 Rueil-Malmaison Cedex, France
- Rakotomalala, N F
- Publication Date: 1994-12
- Pagination: 263 p.
- TRT Terms: Analysis; Costs; Demand; Econometric models; Maritime industry; Oil tankers; Petroleum products; Pricing; Shipbuilding; Supply
- Uncontrolled Terms: Cost analysis; Supply and demand
- Subject Areas: Administration and Management; Finance; Marine Transportation;
- Accession Number: 00731952
- Record Type: Publication
- Report/Paper Numbers: IFP-41871
- Files: TRIS
- Created Date: Feb 5 1997 12:00AM