Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/71688
Title: Outlook for the dry bulk sector
Authors: Liu, Ji Yuan
Keywords: DRNTU::Engineering::Maritime studies::Maritime management and business
Issue Date: 2017
Abstract: Passed through the great recession from late year 2008 to 2010, the dry bulk shipping market seemed to have enjoyed some “peaceful” period until year 2014. After that, the downturn of the shipping cycle started again since year 2015. 10 February 2016 shall be marked as the darkest day of the dry bulk shipping industry ever – the Baltic Dry Index (BDI) fell into a historical lowest point of 290 among its 31 years’ records, by comparing of 556 points in year 2015 and 1096 points in year 2014 on the same day. In another word, on that day the Time Charter Equivalents (TCE) which can be understood as the dry bulk carrier’s daily charter hire revenue won’t be exceed USD 3000, regardless of the Capasize, Panamax, Supramax or Handysize, etc. As the daily revenue is far below the daily costs for a long period, shipping recessions are here to occur. In general, reasons for current shipping recession can be explained as imbalance of tonnage supply and cargo demand. When growth rate of ship tonnage is faster than commodity seaborne trading volume, freight rate will surely drop. In this report, I am going to analyze the current market situations and make some predictions about the dry bulk shipping trends in coming three to five years.
URI: http://hdl.handle.net/10356/71688
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:CEE Student Reports (FYP/IA/PA/PI)

Files in This Item:
File Description SizeFormat 
FYP report_Liu Ji Yuan.pdf
  Restricted Access
1.72 MBAdobe PDFView/Open

Page view(s) 20

114
checked on Sep 28, 2020

Download(s) 20

24
checked on Sep 28, 2020

Google ScholarTM

Check

Items in DR-NTU are protected by copyright, with all rights reserved, unless otherwise indicated.