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Bulk Shipping Market

In: Shipping and Logistics Management

Author

Listed:
  • Y. H. Venus Lun

    (Logistics and Supply Chain MultiTech R&D Centre)

  • Kee-hung Lai

    (The Hong Kong Polytechnic University)

  • T. C. Edwin Cheng

    (The Hong Kong Polytechnic University)

  • Dong Yang

    (The Hong Kong Polytechnic University)

Abstract

There are four separate but interrelated markets in shipping, namely the freight market, which trades sea transport, the second-hand market, which trades used ships, the new building market, which trades new ships, and the demolition market, which deals with scrap ships. These four shipping markets are closely interrelated. This chapter aims to provide insights into the four shipping markets and explain how these separate markets interact to affect one another. We discuss an empirical study which shows that seaborne trade significantly affects the fleet size and the freight rate. On the other hand, fleet size is affected by the freight rate, and the latter has a significant impact on vessel prices.

Suggested Citation

  • Y. H. Venus Lun & Kee-hung Lai & T. C. Edwin Cheng & Dong Yang, 2023. "Bulk Shipping Market," Springer Books, in: Shipping and Logistics Management, edition 2, chapter 0, pages 39-53, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-26090-2_3
    DOI: 10.1007/978-3-031-26090-2_3
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