Maritime industry
Article Abstract:
The maritime industry in 1994 and 1995 is better shape than in previous years, though problems persist. The decline in US oil production made 1994 a difficult year for tankers and bulk carriers at American ports. Container shipments increased 11% in 1994, continuing a 15 year trend, but this may not be maintained for the next 5 years. Investors who can tolerate risk may see gains in some maritime stocks during the next 3 to 5 years.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
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Maritime industry
Article Abstract:
Ocean freight carriers have flooded the Pacific Rim market with capacity, and the result has been rate pressure that is harming companies' short-term profitability. Carriers are lining up to take advantage of a new US subsidy program which could provide up to $2.1 million to up to 47 ships. The tanker market appears strong, but the dry-cargo rate rally has apparently ended.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
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Comment about this article or add new information about this topic: