Chapter 5: The Four Shipping Markets
Course overview — in course 5 we review how the markets work in practice. Shipping business is conducted through four related markets dealing in different commodities: freight, second-hand … More
Unit 5.1: The four shipping markets
Markets play such a big part in the operation of the international sea transport business that we must start … More
Unit 5.2: The freight market
The original freight market, the Baltic Shipping Exchange, first started to trade as a commodity and shipping … More
Unit 5.3: The freight derivatives market
A derivatives contract is a legally binding agreement in which two parties agree to compensate each other, … More
Unit 5.4: The sale & purchase market
Discusses the market where ships are bought and sold.
Unit 5.5: The newbuilding market
Discusses the market where new ships are ordered.
Unit 5.6: The demolition market
Discusses the market where old ships are sold for demolition.
Unit 5.7: Summary
A brief summary of Course 5, covering the main issues, just to jog your memory, for example for revision … More
