influence of obsolescence, scrapping, and losses on the tanker fleet

  • 44 Pages
  • 4.18 MB
  • 1220 Downloads
  • English
by
H.P. Drewry (Shipping Consultants) , London
Tankers -- Economic asp
Statementprepared by the Research Division.
SeriesEconomic study,, no. 84
Classifications
LC ClassificationsHE566.T3 H4 1980
The Physical Object
Pagination44 p. :
ID Numbers
Open LibraryOL3796703M
LC Control Number81100217

Oil Tanker Owners Are Scrapping the Most Ships in Decades. Oil tanker owners are giving up.A month curtailment of OPEC cargoes, and environmental regulations that are proving uneconomical to comply with, have got owners purging the supertanker fleet.

View this article online at Bloomberg Source: bloomberg – Environmental. As of Februthe fleet that we operate has a total tonnage of approximately million dwt, including the million dwt under commercial management.

Our tanker vessels have an average age of approximately years compared with an estimated industry influence of obsolescence of approximately years.

After a couple years of stubbornly high fleet growth, VLCC fleet growth in came in at its lowest level in a decade at %, driven by increased removals that made the heaviest scrapping. A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text.

The product tanker newbuilding order book as of September is estimated at vessels or 11% of the current product tanker fleet according to Clarksons Research Services Limited. The majority of these orders are based on new vessel designs, which purport to offer material bunker savings compared to older designs, which include certain of.

Ship supply varies with world fleet, fleet productivity, shipbuilding production, scrapping, losses and freight rates (Stopford, ). The size of ships depends on the requirements of particular trades and by: 8. We believe that the current order book for tanker vessels represents a significant percentage of the existing fleet; however the percentage of the total tanker fleet on order as a percent of the.

6 | Impact of IFRS: Shipping In the shipping industry, the residual Disclosure scrapping can be relatively material because IAS 16 requires companies to disclose: of the scrap value of steel and the considerable scrapping market that • the depreciation charge and exists.

The fleet size, demolition, order book, new order, and seaborne trade are from the SIN database. Considering the availability of the data, the sample is finally determined from to The Qianzhan database is a public data source which provides weekly, monthly, and yearly data for international, regional, national, and industrial by: 1.

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Samenvatting Maritime Economics - summary of the book about maritime economics by m. stopford. Scrapping and losses Rate of growth of the merchant fleet depends on the balance between - Age (cost of repair and maintenance increases) - Technical obsolescence (containerization) - Scrap prices (fluctuate with supply & demand, demand for.

The purpose of this research was to forecast next maritime depression beyond For this we used the nonlinear forecasting method: “Radial Basis Functions” [1] through the computer program NLTSA [2] allowing a prediction for 20 steps ahead.

Forecasting applied influence of obsolescence a freight rate dry cargo index since [3] and to alpha1 : Alexandros M. Goulielmos. This banner text can have markup. web; books; video; audio; software; images; Toggle navigation.

On the other hand, scrapping a vessel is a major decision that irreversibly disposes a capital-intensive asset, while certain vessel features – age, technical obsolescence and condition –, international regulations and the market state will influence the likelihood of Cited by: To analyze competitive strategy for a particular business, the reader can draw on the book in a number of ways.

First, the general analytical tools of Part I can be utilized. Second, the chapter or chapters from Part II that bear on the key dimensions of the firm's industry can be used to provide some more specific guidance for strategy. This set gives a broad introductory overview of the entire petroleum marine industry and how it is affected by the world petroleum markets.

Volume 2: Ship brokerage S&P and project brokerage Single voyage charters Timecharters Ship operation and international regulation Oil spill prevention and quality assurance Initatives by classification societies, owners, and oil. The percentage of the total tanker fleet on order as a percent of the total fleet declined from 18% at the end of to 13% at the end of January An over-supply of tanker capacity may result in a reduction of charter hire rates.

Full text of "The theory of oil tankship rates: an economic analysis of tankship operations" See other formats. The product tanker newbuilding order book as of February is estimated at vessels or 7% of the current product tanker fleet according to Clarksons Research Services Limited.

The majority of these orders are based on vessel improvements such as improved propulsion system or other technical measures, which purport to offer material bunker. The global dry bulk fleet grew faster than expected at % net compared to % in Unusually, there was almost no shortfall in newbuilding deliveries compared to the scheduled orderbook, and deliveries were greater in the second half of the year.

Combined with minimal scrapping of %, this caused net fleet growth to increase. For example, when transport capacity exceeds trade needs, the freight rate will decline; stakeholders must respond quickly to reduce losses, and they may reduce the number of fleet in operation by laying up vessels, reducing new orders or scrapping old ships [1, 4].

This asymmetrical movement of supply and demand has attracted many scholars to. Furthermore, if the capacity of new ships delivered exceeds the capacity of product tankers being scrapped and lost, product tanker capacity will increase.

For example, as of Februthe order book for medium range (“MR”) tankers represented % of the existing fleet and the order book may increase further in the future. At the same time, the size of the world tanker fleet had decreased due to increased scrapping of tankers in and the first half ofand a substantial decrease in the supply of newbuilding tankers to the market from the prior year.

During the first quarter oftanker spot charter rates remained strong. The E-7 fleet will replace the current Sentry aircraft and ensure the continued delivery of the UK’s Airborne Early Warning and Control (AEW&C) capability.

Named ‘Wedgetail’ by the Australian Department for Defence, the E-7 aircraft can fly for long periods of time and manage the battlespace from the sky. A larger fleet engagement occurred in September at Yalu, when the Japanese defeated a Chinese fleet containing two battleships, although at heavy loss to themselves.

Development of the Torpedo During the – U.S. Civil War, mines anchored underwater or mounted at the end of boat spars and detonated by contact (or electricity) were known. HL Deb 09 December vol cc § p.m. § LORD TEYNHAM rose to call attention to the depletion of the capital resources available for the progressive re-equipment of the Merchant Fleet, due to the inability of British ship owners to set aside adequate reserves to meet the cost of replacement; and to move for Papers.

The noble Lord said: My Lords, in opening. We described the procedure, and the importance, of the budget or plan of expenses (cost) of a vessel in a tramp shipping company, and also we addressed the difficulty to plan receipts (revenue).

Description influence of obsolescence, scrapping, and losses on the tanker fleet FB2

We analyzed the structure of a shipping company in departments and their particular role in spending and collecting money.

Leaving, for a while, aside reality, we analyzed the true Author: Alexandros M. Goulielmos. *Standard was dominant in gathering and refining, but it had only limited influence in marketing, and very little in production, aside from its position as a buyer. Trunk ptpt~ were just coming into existence.

But through acquisition and expansion by Standard's net book value had grown to $55 million. [GIES]. The book then turns to the question of how to play these markets. It looks at commodity based shipping company strategies for the bulk carrier, tanker container-ship and other segments.

Here, the focus is on both going long-short, in-out, and maintaining a low cost base. Next is a discussion of operations versus asset play. The product tanker newbuilding order book as of January is estimated at vessels or 8% of the current product tanker fleet according to Clarksons Research Services Limited.

The majority of these orders are based on vessel improvements such as improved propulsion system or other technical measures, which purport to offer material bunker. For example, as of Februthe order book for MRs represented % of the existing fleet and the order book may increase further in the future.

Details influence of obsolescence, scrapping, and losses on the tanker fleet FB2

If the supply of product tanker capacity increases and if the demand for product tanker capacity does not increase correspondingly, charterFile Size: 1MB. The system was adopted by the tanker industry after the war and has been progressively revised over the years, the last amendment being in January when ‘New Worldscale’ was Worldscale index is published in a book which is used as the basis for calculating tanker spot rates.

The book shows, for each tanker route,the cost.The US Navy adage, “When you’re out of Crusaders, you’re out of fighters” speaks volumes. The Crusader was an agile, responsive hotrod beloved by its pilots.

Unencumbered by the weight that the long range fleet defence origins had imposed on its service rival the F-4, the Crusader was a superior dogfighter.But the influence of the dollar was secondary to the technical buying. "I don't think it's hurting, but I don't think its the reason why we started," the bullion trader said.

Gold built enough upward momentum this week to break its correlation with NYMEX crude oil, which fell another 83 cents on doubts that OPEC can deliver on a planned.