What is the freight market? (b ) Explain how the following scenario impacts the freight market. Scenario: 2015 Market Report Excess supply of shipping tonnage throughout the dry bulk sector has resulted in an increased level of scrapping. Levels of scrapping were not enough to bridge the gap between demand and supply and bring the sector back to balance. As a result, a large number of vessels are idle and where employment occurs, it is a limited capacity
What is the freight market? (b ) Explain how the following scenario impacts the freight market. Scenario: 2015 Market Report Excess supply of shipping tonnage throughout the dry bulk sector has resulted in an increased level of scrapping. Levels of scrapping were not enough to bridge the gap between demand and supply and bring the sector back to balance. As a result, a large number of vessels are idle and where employment occurs, it is a limited capacity
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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) What is the freight market?
(b ) Explain how the following scenario impacts the freight market.
Scenario: 2015 Market Report
increased level of scrapping. Levels of scrapping were not enough to bridge the gap
between demand and supply and bring the sector back to balance. As a result, a large
number of vessels are idle and where employment occurs, it is a limited capacity.
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