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Annual Review

Demand Drivers

The demand for ships basically arises owing to two major factors such as incremental demand and replacement demand. The chapter provides detailed analysis on each of the factors with the support of the following points.

  • Global economic scenario
  • Growth in sea-borne trade
  • Increasing exploration and production activities
  • Freight Rates
  • Government Thrust
  • Age profile of fleet
  • Scrapping of Tonnage
  • Regulations - Phasing out of Single-hull tankers

Impact Analysis

  • Riding the Economic Wave …

    CARE Research estimates the existing fleet size to be in over-capacity i.e. excess of fleet availability in relation to the cargo-carrying requirement.....

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Industrial Coverage

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