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Bulk trade and maritime transport costs: the evolution of global markets
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Social Sciences.
1996 (English)In: Resources policy, ISSN 0301-4207, E-ISSN 1873-7641, Vol. 22, no 1-2, p. 5-32Article in journal (Refereed) Published
Abstract [en]

Since the 1950s a transport revolution has occurred comparable to events in the late nineteenth century when sailing ships was replaced by steam vessels. Freight rates for bulk products have decreased 65-70% due to improved maritime technology. Formerly separate markets for bulk products have been unified globally. A conclusion is that the low freight rates since the early 1980s will level out in a future perspective. Price peaks caused by political and military crises like the Korean war, the Suez crisis, OPEC I and OPEC II also seem to be of diminishing importance over time. The world market has become much less sensitive to external shocks due to many alternative sources of supply and many alternative routes for transport.

Place, publisher, year, edition, pages
1996. Vol. 22, no 1-2, p. 5-32
National Category
Political Science (excluding Public Administration Studies and Globalisation Studies)
Research subject
Political Science
Identifiers
URN: urn:nbn:se:ltu:diva-3903DOI: 10.1016/S0301-4207(96)00016-5ISI: A1996WD23200002Local ID: 1c0b8010-c1c7-11db-9ea3-000ea68e967bOAI: oai:DiVA.org:ltu-3903DiVA, id: diva2:976765
Note
Godkänd; 1996; 20070202 (ysko)Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2018-07-10Bibliographically approved

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Lundgren, Nils-Gustav

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