Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/52880
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dc.contributor.authorWee, Rachel Jack Yin.
dc.date.accessioned2013-05-29T02:08:01Z
dc.date.available2013-05-29T02:08:01Z
dc.date.copyright2013en_US
dc.date.issued2013
dc.identifier.urihttp://hdl.handle.net/10356/52880
dc.description.abstractThe objective of this research is to present an overview of the crude oil tanker market with the intention of identifying its prospect in the next five years. Besides conventional research on trends and statistical data, this paper also incorporates industry sentiments through interviews and surveys to determine the prospects of the crude oil tanker market. The findings from research reveal that demand growth will be largely driven by China and India. However, the fleet scenario does not project an optimistic freight outlook for the next two years at least. The limiting factor to the market outlook seems to be the ship owners themselves, as the current oversupply situation was caused by the influx of new buildings during the pre-2008 boom. The time required for the market and freight rates to recover depends on how long it would take for supply to balance demand. Based on these analyses, recommendations were then made for ship owners to consider for the years ahead.en_US
dc.format.extent59 p.en_US
dc.language.isoenen_US
dc.rightsNanyang Technological University
dc.subjectDRNTU::Engineering::Maritime studiesen_US
dc.titleProspects of the crude oil tanker market 2013 - 2017en_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.schoolSchool of Civil and Environmental Engineeringen_US
dc.description.degreeBachelor of Science (Maritime Studies)en_US
dc.contributor.supervisor2Teh Kong Leongen_US
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Appears in Collections:CEE Student Reports (FYP/IA/PA/PI)
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