Publisher's Synopsis
Excerpt from Market and Cost Structure in Shipping
My presentation will be concerned with some aspects of the tanker markets. I will select certain issues of market and cost structure and try to shed some light on some paradoxes.
If we look at the behavior of those who operate in the tanker markets we will find that history repeats itself. We will observe the same incidence of crises, feast or famine patterns, and the same secrecy or loathness by operators and oil companies to give out data. It seems as if people refuse to learn.
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