explain the four shipping markets and discuss the relationships that exist between them

Expert Solution

The four shipping markets are :

1. Newbuilding market – The new building market brings new ships into the shipping industry and sends cash out of the market as materials, labour and profit. The newbuilding market is trading ships that are not yet built in other words the ship’s keel may have been laid.

2. Freight market – Freight market is one where ships are being chartered (used for transportation). Freight contract where the shipper buys transportation from ship-owners at a fixed price per ton of cargo.

3. Sale and purchase market – It is where ships are being sold to other ship-owners. The participants in this market are a mix of shippers, shipping companies and speculators and shipbrokers who play an important role in dealing with transactions.

4. The demolisation market - It is the recycling market of the shipping industry. This market can be compared to the sale and purchase market, but the difference here is that the buyer is a demolition yard and not a shipowner. When a ship-owner is no longer able to sell a ship S& P, they will turn to the demolition market

The relationships between these markets can be seen from the definitions that all the markets are interlinked and show the different stages in the life of a ship.

Rahul Sunny answered 1 year ago

discuss the relationships that exist between globalisation and the digital divide in South Africa today.

i) explain the term "agency relationships" and discuss the conflicts that might exist in the relationship...

i) explain the term "agency relationships" and discuss the conflicts that might exist in the relationship between a) shareholders and managers b) shareholders and creditors. ii) what steps mY be taken to overcome these conflicts. support with references

Name and discuss the four factors that affect HRM in global markets. Which of them do...

Name and discuss the four factors that affect HRM in global markets. Which of them do you think is the most important factor?

Write a 175- to 265-word response to the following: What relationships exist between the use of...

Write a 175- to 265-word response to the following: What relationships exist between the use of informatics and the access to, cost of, quality of, and coverage of health care?

What relationships exist between changes in lifestyle and decline in cardiovascular disease in the United States...

What relationships exist between changes in lifestyle and decline in cardiovascular disease in the United States and other industrialized nations?

In general, how many types of financial markets exist? Explain each

One aspect of material science and engineering is the investigation of relationships that exist between the structures and properties of materials.

One aspect of material science and engineering is the investigation of relationships that exist between the structures and properties of materials. By structure, we mean how some internal component(s) of the material is arranged.Ceramics possess certain unique properties that are not present in other types of materials due to its microstructure. Critically evaluate and express your opinion on what you think are the desirable characteristics of ceramics compared to other types of materials. Justify your arguments by giving examples of...

Explain the difference between primary and secondary capital markets and discuss why the existence of...

Explain the difference between primary and secondary capital markets and discuss why the existence of secondary markets is important. What are the reasons why debt capital in a firm typically has a lower cost of capital than does equity capital in the same firm? Will debt capital in a firm always have a lower cost of capital than equity capital in a different firm? Why or why not? Explain the difference between systematic risk and non-systematic risk and support...

what are the four pillars of design And discuss them?

Typically, non-profit organizations such as charities exist in two markets. Discuss the importance of location to...

Typically, non-profit organizations such as charities exist in two markets. Discuss the importance of location to a local or regional charity of your choice. In the context of a local/regional service provider, explain whether the distribution channels available to providers of physical goods are always practical to the selected service provider, and why. Whether the organization is non-profit or profit-orientated, channel conflict will arise. Discuss the causes of channel conflict as identified by Berman (1966), and explain how a not-for-profit...

Question