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Oil Tanker Rates (Classic Reprint): A Life-Long Challenge: A Life-Long Challenge (Classic Reprint) - Tapa blanda

Zannetos, Zenon S.

 
9781332272709: Oil Tanker Rates (Classic Reprint): A Life-Long Challenge: A Life-Long Challenge (Classic Reprint)

Sinopsis

This book delves into the complex and fascinating world of oil tanker rates, a subject that has captivated economists and industry experts for decades. The author, having been introduced to the field by a renowned professor, embarks on a journey to unravel the mysteries of this volatile market. Drawing from his extensive research and analysis, the author examines the factors driving tanker rates, uncovering patterns of cyclical behavior and exploring the interplay between supply, demand, and economic forces. The book offers a historical perspective on the evolution of tanker rates, tracing their development from the late 1950s through the oil crises of the 1970s. This exploration reveals the critical role of tanker rates in shaping the global oil market and illuminates the impact of political and economic events on this crucial industry. The author delves into the underlying economic principles governing tanker rates, offering insights into the interplay of market structure, economies of scale, and risk management. The book's exploration of the influence of price-elastic expectations on tanker rates provides a compelling explanation for the cyclical nature of this market. The author's insights into the historical and economic forces that have shaped oil tanker rates provide a valuable guide for understanding the complexities of this vital industry.

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Reseña del editor

Excerpt from Oil Tanker Rates: A Life-Long Challenge

One of the most striking aspects of the tanker markets in the late fifties is that these Operated in a manner approximating perfect competition. The concentration of ownership of tanker capacity in the relevant market the spot market was found to be very low to affect the efficiency of the markets.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Reseña del editor

Excerpt from Oil Tanker Rates: A Life-Long Challenge

It was twenty-eight years ago when I was introduced to the topic of oil transportation by Professor Adelman. I was then a student in his class when at the end of one of the sessions he said to me, "You are the person I have been looking for." He went on to explain that there was a need for someone with a strong background in mathematics and management to carry forward the work of Professor Koopmans (1939) and urged that I look into it.

I still remember the feelings of ambivalence that occupied me. On the one hand I was flattered by the compliment paid me by a professor I immensely respected. But at the same time, I was paralyzed by the fear of failure, for I knew nothing about the subject and was fully aware of the legendary reputation of Professor Koopmans.

The gentle encouragement and the confidence Professor Adelman had shown helped me overcome my fears long enough to look into the subject. And so I immersed myself in an activity that had a profound effect on my professional orientation and is still a fascinating part of my academic life.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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