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ID number:991354
Author:
Evaluation:
Published: 04.01.2017.
Language: English
Level: College/University
Literature: 9 units
References: Used
Time period viewed: 2014.g. - 2015.g.
Extract

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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