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ECONOMCS CH3 Quiz

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1. THE SHIPPING CYCLE 1989 ONWARDS DRY BULK




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2. WHAT HAPPENED DURING 1975- 1980 BULKERS




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3. LONG TERM:




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4. WHAT ARE THE TRENDS IN SLOW STEAMING




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5. EXPLAIN THE CHARACTERISTICS OF THE RECOVERY STAGE.




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6. THE SHIPPING CYCLE 1989 ONWARDS TANKERS




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7. WHAT HAPPENED DURING 1966 - 1975




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8. WHAT HAPPENED DURING 1980 - 1989 BULKER




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9. WHATS TRENDING IN THE DEMOLITION MKT NOW




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10. WHAT HAPPENED DURING 1975-88 TANKERS




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11. TANKERS FIND THAT THEY ARE INVARIABLY IN BALLAST FOR THE RETURN LEG, BUT OWNERS OF OTHER VESSELS TRY TO LOAD ANOTHER CARGO TO CONTRIBUTE TOWARD COSTS.




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12. 1 TROUGH 2 RECOVERY 3 PEAK/PLATEAU 4 COLLAPSE.




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13. 1 LESS THAN 1% OF THE MERCHANT FLEET IDLE 2 LNG CARRIER LARGEST % IDLE




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14. WHEN FREIGHT RATES DONT COVER THE OPERATIONAL COSTS, SOME OF THE VARIABLE COSTS ARE AVOIDED.MAINTENANCE WILL STILL BE REQUIRED AND VESSELS CAN BE BROUGHT BACK ON STREAM WHEN MKTS PICK UP.




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15. 1 A TROUGH IS EVIDENCE OF OVER SUPPLY 2 OWNERS CONSIDER SLOW STEAMING 3 FREIGHT RATES FALL TO NEAR OP COST 4 LAY UP LEAST EFFICIENT VESSELS 5 CASH STRAPPED OWNERS SELL SHIPS AT DISTRESS PRICES.




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16. FOR TANKERS JAPAN USE THEM AS STRATEGIC SUPPLIES. C 57 IN 2010. ALSO DRY BULK CAN BE USED AS GRAIN SILO'S. THERE ARE COSTS TO CONVERTING AND MAY NOT BE QUICKLY PUT BACK IN THE FLEET




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17. 1 OVERSUPPLY OF VESSELS AS NEW BUILDS FLOOD THE MKT 2 SPOT VESSELS ARE ON TE INCREASE PUSHING FREIGHTS DOWN. 3 SHIPS START TO SLOW STEAM.




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18. AVERAGE FLEET GROWTH OF 3.41 % ON GRT AND 3.19% ON DWT. STRONG GROWTH BETWEEN 1971-1977 AND 2002 - 2008.




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19. WHEN THE VESSEL IS IN PORT IT IS NOT EARNING. THEREFORE QUICK TURNAROUND INCREASES AVAILABILITY. MANY OWNERS NOW OPERATE THEIR OWN TERMINALS LIKE MAERSK.




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20. 1 ALTERING THE STOCK OF VESSELS BY SCRAPPING OR NEW BUILDS 2 CHANGING THE UTILISATION OF EXISTING STOCK





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