Bulk Shipping: From Where and To Where?

The following address was delivered on March 20 by Sverre Tidemand, Managing Director of Belships Co., at the Connecticut Maritime Association’s “Shipping 96″ Conference.

What is Bulk Shipping?
Bulk shipping as an industry is characterized by being extremely fragmented, with thousands of individual players, each of whom has none or very little market power.

The industry will, in any one year, carry around 1.6 billion tons of dry bulk goods and 2 billion tons of petroleum and its products. Of this enormous quantity, all but a small fraction of one percent is delivered safely and on time at its destination. Costwise, the almost perfectly competitive nature of bulk shipping will automatically insure cost effectiveness in the short term. In the long term, we know that people like myself tend to order new supply at the wrong time, ensuring the extremely cyclical behavior of the markets.

This is only an excerpt of Bulk Shipping: From Where and To Where?

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.