Intro part 1.1 Flashcards

1
Q

Dry bulk

A

Raw materials

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2
Q

Geared container ship

A

Container ship with cranes

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3
Q

Gear-less container ship

A

Container ship without cranes

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4
Q

LPG

A

Liquefied petroleum gas

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5
Q

LNG

A

Liquefied natural gas

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6
Q

Supply and demand

A

economic model of price determination in a market

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7
Q

Key factors of demand

A
freight rates
price second-hand vessels
financial resources available
access to credit
financial forecast
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8
Q

freight rates

A

Cost of shipping cargo

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9
Q

Shipyard supply is governed by

A

Production costs
Shipyard slipway
Machinery required
Order-book size

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