Market And Cost Structure in Shipping Zenon S Zannetos
Market And Cost Structure in Shipping Zenon S Zannetos
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But more critical here is the distinction between the risk inherent in the total industry versus that reflected in the policies of a firm or in the type of operations chosen for a vessel .
Although there are differences in the riskiness of alternative policies there is no risk to speak of in the total market . In fact, I know of few industries which are less risky than the oil tankship transportation industry, especially if we look at it from the point of view of a large user of capacity. Relat...ively predictable total requirements, time-charter agreements, and, because of the latter, availability of capital mitigate the risks involved in the industry.
This was a good year for rates but not as good as 1967 or 1970. Also we must stress that many vessels accept several time charters. The average is slightly over two.
For all practical purposes the vessel is the firm as far as the independ- ents are concerned.
I am not referring to political or ecological risks. Those of the latter which are insurable are reflected in the operating costs of the vessels.
What to read after Market And Cost Structure in Shipping Zenon S Zannetos?
You can find similar books in the "Read Also" column, or choose other free books by Zenon S Zannetos to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
But more critical here is the distinction between the risk inherent in the total industry versus that reflected in the policies of a firm or in the type of operations chosen for a vessel .
Although there are differences in the riskiness of alternative policies there is no risk to speak of in the total market . In fact, I know of few industries which are less risky than the oil tankship transportation industry, especially if we look at it from the point of view of a large user of capacity. Relat...ively predictable total requirements, time-charter agreements, and, because of the latter, availability of capital mitigate the risks involved in the industry.
This was a good year for rates but not as good as 1967 or 1970. Also we must stress that many vessels accept several time charters. The average is slightly over two.
For all practical purposes the vessel is the firm as far as the independ- ents are concerned.
I am not referring to political or ecological risks. Those of the latter which are insurable are reflected in the operating costs of the vessels.
What to read after Market And Cost Structure in Shipping Zenon S Zannetos?
You can find similar books in the "Read Also" column, or choose other free books by Zenon S Zannetos to read onlineMoreLess
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