The book Oil Tanker Rates a Life Long Challenge was written by author Zenon S Zannetos Here you can read free online of Oil Tanker Rates a Life Long Challenge book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Oil Tanker Rates a Life Long Challenge a good or bad book?
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However, we found that there was no "one-to-one correspondence" between retirements and replacement decisions. The investment horizons associated with these decisions were proven to be different and were not necessarily made by the same decision makers. 5. The lead-time to delivery of vessels, which under pressure could be shortened to eight months, guarantees that enough tonnage can be delivered and shift the supply schedule far enough to the right, to bring about a precipitous drop in prices.... So, and even if spot rates were not to drop before new orders dry up, the feast could not last more than a few months. The famine period, however, may last for years, up until growth in demand and retirement of vessels combine to bring about a scarcity. -29- 6. The participation, that is to say the oil produced by the oil companies but owned by the nation, was mostly set at 40% in 1973 but Kuwait demanded and received 60%. Soon the producing countries, one after another, expropriated the assets of the oil companies by nationalizing their oil industry.
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