Each Chapter has up to 8 units.
Scroll and click one of the links below
to view chapter material.
Chapter 1: History of Cargo Transport By Sea
Chapter 2: Introduction to Maritime Transport
Chapter 3: Shipping Market Cycles
Chapter 4: Supply, Demand and Freight Rates
Chapter 5: The Four Shipping Markets
Chapter 6: Cost, Revenue & Cashflow
Chapter 7: Financing Ships & Companies
Chapter 8: Risk, Return & Company Profits
Chapter 9: The Geography of Maritime Trade
Chapter 10: Principles of Maritime Trade
Chapter 11: Transport of Bulk Cargo
Chapter 12: Transport of Specialised Cargoes
Chapter 13: Liner Shipping
Chapter 14: Ships That Supply Sea Transport
Chapter 15: Shipbuilding and Scrapping
Chapter 16: Regulation of Maritime Transport
Chapter 17: Forecasting and Market Research
Chapter 18: Introduction to Market Modelling
Chapter 19: Valuing Ships
Chapter 20: References

MLU3.2-Test

Please note: You are not logged in, so your answers and scores will not be saved.
Test Creator: Martin Stopford, MD, Marecon Ltd.    Last updated:  29-Mar-24.  © Marecon Ltd.

Unit 3.2: The Length of Shipping Cycles

Shipping cycles are the heartbeat of the shipping industry.  The question "how long will this go on?" is constantly on the minds of shipowners, builders, bankers, brokers and most professionals too.  In this unit we discuss the analysis of cycle length.

Q1   In this Unit we took a closer look at the length of shipping cycles and tried to get a better sense of the risk that investors take.  In Slide 1 (S1) we reviewed the 22 shipping cycles since 1741 and discussed the way of measuring cycles from peak to peak.  This raised a problem, which was discussed in the notes to this slide, about identifying cycles from statistical series.  What was the problem and what solution was suggested?
Q2   Does the “length of shipping cycles” analysis in Slide 2 support the theory that shipping cycles last 7 years?
Q3   What did the analysis, in Slides 2&3, of the length of cycle peaks and cycle troughs between 1741 and 2015 conclude?
Q4   So far we have focussed on the length of cycles, but a more important question is “why do shipping cycles occur so regularly?”.  What purpose do they serve?  And how does this help to explain their length?
Q5   In Slide 5 we discussed long shipping cycles and the part played by shipyard capacity in producing longer periods of strong or weak markets.  What feature of the shipbuilding industry do you think contributed to these long “cycles?
Q6   How might a knowledge of long and short shipping cycles be helpful in predicting future freight rates (the notes do not exactly cover this but see what you can come up with!)?

Your final score: 0/60   (0%)