TANKER SHIPPING SECTOR ANNUAL REVIEW AND OUTLOOK
the report should have:
an introduction
theoretical framework which should include
Shipping supply and demand and the 10 factors that influence them (from Maritime Economics M.Stophord)
Market equilibrium
Freight Rate Mechanism (I will send a journal article)the supply and demand curves as well as a graph with both of them
economies of scale(mega ships -mega ports)
presentation of the relevant data and market analysis (TANKER Market)the analysis should be only on the freight market
Real Supply & Demand
approaching peak of economes of scale(megaships)
market disequilibrium
factors affecting the market must mention:
corona virus(https://lloydslist.maritimeintelligence.informa.com/LL1131673/Coronavirus-and-shipping-briefing-Tanker-rates-collapse-while-the-outlook-weakens-for-containers)(https://www.bimco.org/news/market_analysis/2020/20200318_bimco_revises_2020_forecast)(https://macmap.org/en/covid19?fbclid=IwAR37kb9gyykzQcMe74LNjCM1nbk7XnaH9IyZ7pc5_5QXtAFNhuu0PUTicFo)
(https://www.wto.org/english/tratop_e/covid19_e/covid19_e.htm)
us/china trade war
oil sanctions/embargo(Venezuela, Iran) that raises the price of oil
IMO 2020
Evaluation of Shipping year 2019
Things to consider
overcapacity
market disequilibrium
oil price
overegulation of the market
profitable year???
Market Outlook
Projections(https://www.bimco.org/news/market_analysis/2020/20200318_bimco_revises_2020_forecast)
supply-demand are we going to equilibrium — no
freigh rates
world trade
world GPD
IMF
Reccomendations for ship owners
(use as many graphs and tables you think are necessary) i have uploaded the assessment brief and most material you will need.