Market outlook for the capesize sector from 2010 to 2015
This study investigates the key drivers of the Capesize market and performs a holistic fundamental analysis to derive a direction in which the Capesize bulk carrier freight market will take in the time period of 2010 to 2015. The study comprises of 3 Volumes; with Volume 1 focusing on demand drivers...
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| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2011
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| Online Access: | http://hdl.handle.net/10356/44944 |
| _version_ | 1826114392030183424 |
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| author | Ng, Han Wei. |
| author2 | School of Civil and Environmental Engineering |
| author_facet | School of Civil and Environmental Engineering Ng, Han Wei. |
| author_sort | Ng, Han Wei. |
| collection | NTU |
| description | This study investigates the key drivers of the Capesize market and performs a holistic fundamental analysis to derive a direction in which the Capesize bulk carrier freight market will take in the time period of 2010 to 2015. The study comprises of 3 Volumes; with Volume 1 focusing on demand drivers, Volume 2 focusing on supply drivers, and Volume 3 evaluating the profitability and possible strategies applicable to invest in the Capesize market over a 5 year period. The objective of this paper, Volume 1, is to examine the demand drivers and its effects on the future Capesize freight market, under the assumption that the supply tonnage growth is constant. Of the demand drivers identified, only Bulk Commodity Demand is found to have the most direct influence on the Capesize freight market. A forecast of iron ore and steel demand by China, and iron ore supply by Australia and Brazil, reveals an increasing trend over the next 5 years. This projected increment translates to demand for Capesize tonnage which in turn exerts an upward pressure on freight rates, pushing it to rise from Band 3 in 2010 to Band 5 by 2015. Given that this forecast only takes into account demand factors, it is recommended to read all 3 Volumes to achieve a more comprehensive and accurate Capesize market outlook from 2010 to 2015. |
| first_indexed | 2024-10-01T03:38:44Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/44944 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T03:38:44Z |
| publishDate | 2011 |
| record_format | dspace |
| spelling | ntu-10356/449442023-03-03T17:09:34Z Market outlook for the capesize sector from 2010 to 2015 Ng, Han Wei. School of Civil and Environmental Engineering Soh Woei Liang DRNTU::Engineering::Maritime studies::Maritime management and business This study investigates the key drivers of the Capesize market and performs a holistic fundamental analysis to derive a direction in which the Capesize bulk carrier freight market will take in the time period of 2010 to 2015. The study comprises of 3 Volumes; with Volume 1 focusing on demand drivers, Volume 2 focusing on supply drivers, and Volume 3 evaluating the profitability and possible strategies applicable to invest in the Capesize market over a 5 year period. The objective of this paper, Volume 1, is to examine the demand drivers and its effects on the future Capesize freight market, under the assumption that the supply tonnage growth is constant. Of the demand drivers identified, only Bulk Commodity Demand is found to have the most direct influence on the Capesize freight market. A forecast of iron ore and steel demand by China, and iron ore supply by Australia and Brazil, reveals an increasing trend over the next 5 years. This projected increment translates to demand for Capesize tonnage which in turn exerts an upward pressure on freight rates, pushing it to rise from Band 3 in 2010 to Band 5 by 2015. Given that this forecast only takes into account demand factors, it is recommended to read all 3 Volumes to achieve a more comprehensive and accurate Capesize market outlook from 2010 to 2015. Bachelor of Science (Maritime Studies) 2011-06-07T04:18:16Z 2011-06-07T04:18:16Z 2011 2011 Final Year Project (FYP) http://hdl.handle.net/10356/44944 en Nanyang Technological University 73 p. application/pdf |
| spellingShingle | DRNTU::Engineering::Maritime studies::Maritime management and business Ng, Han Wei. Market outlook for the capesize sector from 2010 to 2015 |
| title | Market outlook for the capesize sector from 2010 to 2015 |
| title_full | Market outlook for the capesize sector from 2010 to 2015 |
| title_fullStr | Market outlook for the capesize sector from 2010 to 2015 |
| title_full_unstemmed | Market outlook for the capesize sector from 2010 to 2015 |
| title_short | Market outlook for the capesize sector from 2010 to 2015 |
| title_sort | market outlook for the capesize sector from 2010 to 2015 |
| topic | DRNTU::Engineering::Maritime studies::Maritime management and business |
| url | http://hdl.handle.net/10356/44944 |
| work_keys_str_mv | AT nghanwei marketoutlookforthecapesizesectorfrom2010to2015 |