Abstract
The shipping industry has been developed to facilitate international trade through connecting sources of supply and demand for commodities including raw materials, manufactured goods, and finished products, as well as transportation of passengers, cars and even livestock, between ports and countries. The growth in seaborne trade in the last century has led to the expansion of the shipping industry and its related businesses and markets such as shipbuilding, ship-broking, insurance, together with shipping finance and investment. In addition, the growth in international trade has also been the reason behind the design of larger and more specialised ships to carry specific commodities in order to achieve economies of scale in sea transportation. Furthermore, the shipping market has been shaped and structured in such a way as to accommodate the needs of charterers by defining different types of contracts varying in their duration, method of payment and cost allocations.KeywordsSpot RateSpot MarketFreight RateVery Large Crude CarrierShipping MarketThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
