Abstract
The aim of this paper is to provide the information model for the worldwide tanker shipping market 2010 – 2020. The evaluation and analysis of the relevant variables of the model and the resulting growth rates are used to describe the most important theoretical principles of the worldwide tanker shipping market over the observed period of time. The research produced direct growth rates of the variables on the index scale from 1 to 100: 1. Innovations in maritime shipping (37.5), 2. Global economy (25.0), 3. Shipbuilding (14.3). 4. Globalisation (12.5) and 5. Freight rates (12.5). It can be concluded that the direct growth rates of all model variables of the worldwide tanker shipping market 2010 – 2020 have realistic chances to be implemented. By 2020 it is expected that the demand on the tanker shipping market will increase more intensely than the demand in other trades.
Highlights
Until 2000 the global economy was growing moderately and it was expected that the economic cycle would last for around ten years, depending on the growth intensity of the transport of crude oil and oil derivatives
The growth of the tanker trade was considerably affected by the development of the global economy in the early 21st century (Puljiz, 1998)
The growth trends indicated that the crude oil cycle compared to the cycle of oil derivatives was twice longer
Summary
Until 2000 the global economy was growing moderately and it was expected that the economic cycle would last for around ten years, depending on the growth intensity of the transport of crude oil and oil derivatives. It is expected that the tanker shipping market will remain balanced until 2020, with oil supply mainly running through pipelines from the Middle East, Africa and Russia, and that the import into China and India will be higher in 2020 than it was in 2012 (Cerović and Bašić, 2008). The major routes for shipping crude oil and oil derivatives are expected to change: the currently prevailing shipments from West Asia and West America are likely to be outnumbered by shipments from North America towards Asia, especially to China and India. Such forecasts imply the shifting of tanker trade growth from the developed towards the developing economies.
Sign-in/Register to view highlights & summary 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.
