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Ocean shipping: delicate balance in maritime freight markets

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  • Böhme, Hans

Abstract

The slowdown in world trade had less impact on the maritime freight markets in 1991 than had been expected. Because of the effects of the Middle East crisis, and of the rapid change in the USSR, shipping demand and freight rates took a more owner-friendly turn than could have been foreseen at the end of 1990. There was strong demand for shipping space in the bulk trades, especially for Russian grain imports which had been held over from the preceding year, and the sharp fall of freight rates came to an end. The tanker markets received a considerable boost from the war requirements; they were soon depressed again, however, by the latent oversupply of tonnage. The liner trades showed diverging trends, with sustained high growth rates in the Europe-Far Eastern trades.

Suggested Citation

  • Böhme, Hans, 1992. "Ocean shipping: delicate balance in maritime freight markets," Marine Policy, Elsevier, vol. 16(4), pages 333-333, July.
    • Handle: RePEc:eee:marpol:v:16:y:1992:i:4:p:333-333
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