Caribbean Maritime UniversityThe Highest Studies School of the Merchant Marine

Academic Vice RectorySubject: Marine Transportation

Facilitator: MSc. Omar A. Varela

Concept Maps of the Four Shipping Markets

Master Mariners Officers:Adaff Benavides Luis Fernández José Hernández Joaquín Pérez

Carlos González

1

The Four Shipping Markets

2

Shipping Markets

1. The New Building Market

3

2. The Freight Market

4

3. The Sale and Purchase Market

5

Procedures

Transactions by shipbrokers

Marketing the vessels

Prices and conditions

Memorandum of agreement

The closing

Inspection

Memorandum of Agreement

(MOA)

Freight rates Age

InflationShipowners expectations

Sales and purchase brokers

Characteristics and recent sales

Basic methodology

Participants

4. The Demolition or Scrap Market

6

Demolition or Scrap

Market

Bibliography

7

International Commerce and Shipping Business, first edition, 2012, Omar A. Varela

Maritime Economy, second edition, 2003, Martin Stopford