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TSCF 2007 Shipbuilders Meeting The outlook for fossil cover tank ship new construction Graham Marshall ABS, Houston, USA, gmarshall@eagle.org Abstract The carry for new oil tankers is driven by a perceive future shipping pauperization, existing communicate composition and pass judgment future supply versus demand imbalance. Through 2010 most of the newbuilding demand is likely to be for replacements forced by regulatory requirements. afterward 2010, a much younger oil tanker fleet will likely reduce the newbuilding occupation over the attached several years. ABS has developed and honed an oil tanker shipping and shipbuilding outlook model to provide reasonable projections of future activity levels to facilitate internal planning efforts. A brief summary of some of the outlook projections atomic number 18 acknowledged this paper. 1 INTRODUCTION The up-to-the-minute energy demand outlook will drive oil tanker shipping growth, which coupled with the flow fleet fester profile and regulatory phase out of single take away tankers will continue to fuel ship replacement. Oil tanker demand is driven primarily by three factors: · seaborne trade volume growth. · Changes in the tonne-mile requirement / trade efficiencies these include factors such as port congestion, new facilities e.g.

the Panama Canal, freightage/unloading rates, time charter/spot charter balance, and so forth · Speculative ship articulateing each year ships are ordered without a trade or contract to shop them, generally in response to regulatory changes, perceived current and future market conditions, shipbuilding prices, interest rates, liquidity levels, and herding instincts. The oil tanker supply outlook is in part, predicated on the pass judgment delivery of new building additions, and in part on the number of outgoing ships (as a result of scrapping or other fleet removals). The available supply to meet demand withal needs to consider ships not in service cod to lay up or repairs. A projected shortage in shipping supply to meet demand in turn drives the shipbuilding... If you want to get a full essay, order it on our website: Orderessay

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