The Outlook of the World Shipping Markets, 1988-2000

Economic Review, 1988, City University Business School

Posted: 7 Feb 2014

See all articles by Manolis G. Kavussanos

Manolis G. Kavussanos

Athens University of Economics and Business - Department of Accounting and Finance

Andreas Vergottis

Independent

Date Written: 1988

Abstract

In previous issues we anticipated a permanent 50-100% increase in dry cargo and tanker values and time charter rates. These adjustments have already occurred. We now see prices and rates oscillating, over the next 10 years, around much higher levels than those of the recent depression but somewhat lower than the levels seen at the start of 1988. Dry cargo scrapping will drop permanently, but tanker scrapping will increase in the late 1990's because of ageing. Shipbuilding will also pickup strongly with output doubling by the early 1990's.

Suggested Citation

Kavussanos, Manolis G. and Vergottis, Andreas, The Outlook of the World Shipping Markets, 1988-2000 (1988). Economic Review, 1988, City University Business School . Available at SSRN: https://ssrn.com/abstract=2385871

Manolis G. Kavussanos (Contact Author)

Athens University of Economics and Business - Department of Accounting and Finance ( email )

76 Patission St
TK 104 34 Athens
Greece
0030 210 8203167 (Phone)
0030 210 8228816 (Fax)

Andreas Vergottis

Independent ( email )

No Address Available
United States

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