Maritime Economics
Maritime Economics
Maritime Economics
Maritime Economics
This presentation will show the basic principles and processes of maritime economics, including strategy and development
Contents
Shipping Trends since WWII Financing Ships Trade Patterns The 4 Shipping Markets The Shipping Market Today
Regulations Strategy The Tanker Market The Liner Market Piracy
The Container
First seen in coal mining in England Seatrain Lines The Australian Army Malcolm McLean and the modern container ISO 6346 The intermodal Container
Financing Ships
Invest?
Lend?
Savings
Trade Patterns
Pacific Intertrade
Freight Contract Time charter Fixing a ship Voyage charter Bare-boat charter Contract of Affreightment
1000 deep sea merchant ships are sold p.a. Shipowner Purchaser Shipbrokers
Closing
Norwegian Sales Form way of Putting the Negotiation of Memorandum ship on the price and Inspections determining price of Agreement market conditions Freight Rates have great influence
Negotiations
Design,
price, quality
Supply/Demand
Supply/Demand
Scrapyards = Customers Shipbrokers can act as intermediate Strong, if freight market is weak Mostly in development countries
Low
Regulations
The Law of the Seas Classification Societies Flag States Coastal States
PSC
Best Strategy?
Find a Niche! Find the Money Lowest possible Operation Cost Value at Risk Strategic Alliances
Crude oil and petroleum products Approx. 1/3 of world seaborne trade Currently pressed by rates
2009
expected to divert to the closer European market because of disruptions from the Mediterranean
Piracy
All-time high Threatening supply chain Binding Naval Forces Private Security
Cape
Hope