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Ship Operations
Summaries, Notes7 Vehicles, Communications, Transport, Business
In the tanker market global oil demand is forecast to grow. Provided the scrap market rates will stay high and demand for crude tanker will be influenced by the number of oil supply sources.
In the dry bulk market falling demand and oversupply has severely impacted commodity values, with iron ore and coal prices in virtual free fall. The dry bulk shipping sector has been a casualty of these developments with resultant impacts on vessel earnings. The depressed state of the dry bulk sector has led to doubts about the future of many shipowners and their ability to withstand prevailing market conditions. (Drewry Maritime Research, 2015, URL)
How we can see the dry bulk market is facing now a difficult time. So the industry needs some miracle to improve the current market situation.
The most of competitiveness sector nowadays might be experienced by container ships. And I might want to belief that this market will continues to show for us some unpredictable things. Container vessels had been almost excluded from the market General cargo vessels. But in the same time there are still big rivalry between container vessels with themselves and car carrier segment`s vessels. In this segment, I belief new orders will follow to keep up with growing demand.
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a) What is the importance of ship registration? Which factors are important to consider when choosing a flag for a vessel? Will other parties than owners have an impact on the choice of flag? a) Which flag would you prefer for your vessel if you own a 5 year old medium size dry bulk vessel, operated commercially from Glasgow and technically from Singapore, but trading worldwide? Give reasons. a) Why are most ships owned by single purpose companies and limited companies? Give examples of ships owned by “single purpose companies”. b) It is common for shipowners to outsource one or more of functions. Explain the terms “technical management of the vessel” and “commercial management” of a vessel (in brief) and why it is common to outsource one or more function. a) When purchasing a used vessel, would you choose a standard contract or tailor make one from scratch? Give reasons. b) Outline the key issues which must or should be covered in a sale and purchase contract? c) Considering today`s shipping market, what type of vessels do you foresee having the largest income potential during the next 10 years? a) Which elements (costs) do you need to take into your calculations when fixing a vessel on a voyage charter party? b) How do you ensure the vessel will earn a profit on a voyage CP?
