Analysis of Market Characteristics for Capesize Bulk Carriers
Author | : Nicholas Hadjiyiannis |
Publisher | : |
Total Pages | : 410 |
Release | : 2007 |
ISBN-10 | : OCLC:166273530 |
ISBN-13 | : |
Rating | : 4/5 (30 Downloads) |
Book excerpt: (Cont.) The industry and its development is analyzed before focusing on the current market and its prospects. Extensive analysis is carried out on a wide range of factors contributing to the outcome of the market in terms of freight rates, time charter rates, ship values and newbuilding prices. Examples include Chinese steel production and iron ore imports, Australian port congestion and queue lengths, oil prices, newbuilding orders and delivery times, the orderbook and the scrapping pool, all of which are at record high levels. Other factors include exchange rates, GDP growth, policies and demolition rates. The analysis is carried out using databases of newbuilding orders, fixtures and S & P transactions as well as a wide range of numerical data from a variety of sources. The futures market is also investigated, as well as its relation to the physical market. A wide range of current investment opportunities are finally considered from a buyer's and a seller's perspective. These are analyzed and compared before making the relevant recommendations.