Felicitas Nafarrete
$5/hr
Virtual Admin/Accounting assistant/Data Entry Specialist/Social Media Management
- Reply rate:
- -
- Availability:
- Full-time (40 hrs/wk)
- Location:
- Tanza, Cavite, Calabarzon, Philippines
- Experience:
- 20 years
PowerPoint Presentation
Changes in Tanker
Markets, 1973-2011
Oil majors
Reduced
Their fleet
By 50%
Changes in
distances (less)
Appearance
of oil traders
30% or less of
time charter in
all contracts, CIF
terms instead of
FOB
Fig. 3.5 Changes in tanker markets after the tanker
Disasters 1973-2011
Emergence of
state-owned
tankers and state
oil companies
Second-hand
Vessel Price
0.760
0.843
New Building
Vessel Price
Freight
Rate
0.578
Table 2.5 Results of the regression analysis to examine the linkage
Between freight rate and vessel prices
Independent variable
Dependent variable
B
P
Freight rate
New building vessel (NB) price
0.578
0.003ᵃ
Freight rate
Second-hand vessel (SH) price
0.760
0.000ᵃ
SH price
NB price
0.843
0.000ᵃ
ᵃp
