Maritime industry
Article Abstract:
The maritime industry experienced slow growth in 1998 with the sluggish worldwide economic conditions, and the same is forecast for 1999 as well. On May 1, 1999, the Ocean Shipping Reform Act will go into effect and deregulate the US shipping industry, and the petroleum and oil tanker segment, which comprises 35% of the global fleet, is experiencing problems, as well. The cost of capital is not being earned by the maritime industry in 1999, nor is it forecast to do so in the near future, but there is some speculative appeal to these stocks.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1999
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Maritime industry
Article Abstract:
Shipping rates set by market forces, deregulation, and industry consolidation are some of the expected results that the maritime industry is experiencing after the Ocean Shipping Reform Act of 1998 took effect on May 1, 1999. The market for the industry was poor in 1999, especially for the tanker segment, and it is difficult to forecast conditions in the year 2000, although they are expected to improve. Conservative investors will not find these stocks appealing in 1999 and the year 2000.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1999
User Contributions:
Comment about this article or add new information about this topic: