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Ocean Fleet Shipping Rates, Capacity, And Utilization For Grains

Author

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  • Harris, J. Michael

Abstract

Ocean freight rates for heavy grains in the first half of 1982 reached their lowest levels since 1978, despite a 3-percent growth in seaborne grain movements in 1981. A worldwide economic recession and an oversupply of dry cargo carrying capacity was responsible for this downturn. Based on current supply of dry bulk cargo carrying tonnage at the beginning of 1982, and on existing orders for new bulk ship tonnage, supply will continue to increase in the short run. In the absence of appreciable growth in the demand for shipping, continuing oversupply will keep grain rates from increasing appreciably in the near term.

Suggested Citation

  • Harris, J. Michael, 1983. "Ocean Fleet Shipping Rates, Capacity, And Utilization For Grains," Staff Reports 276784, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:276784
    DOI: 10.22004/ag.econ.276784
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    Citations

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    Cited by:

    1. Makus, Larry & Fuller, Stephen, 1984. "Sensitivity Of U.S. Port Areas To Locational Changes In Export Grain And Soybean Demand," 1984 Annual Meeting, August 5-8, Ithaca, New York 279006, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Raup, Philip M., 1985. "Forces Changing American Agriculture And Resource Needs," Staff Papers 14242, University of Minnesota, Department of Applied Economics.
    3. Fuller, Stephen W. & Makus, Larry D. & Gallimore, William, 1984. "Effects Of Increasing Panama Canal Toll Rates On U.S. Grain Exports," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(2), pages 1-11, December.
    4. Javier Ho & Paul Bernal, 2021. "Estimating a global demand model for soybean traffic through the Panama Canal," Journal of Shipping and Trade, Springer, vol. 6(1), pages 1-23, December.
    5. Dunn, James W. & Gianoulades, Andrea, 1985. "A Short Run Analysis of ocean freight rates for U.S. grain exports," Transportation Research Forum Proceedings 1980s 311799, Transportation Research Forum.
    6. Satyanarayana, Vidyashankara & Wilson, William W. & Johnson, D. Demcey & Dooley, Frank J., 1996. "World Malt And Malting Barley: Competition, Marketing, And Trade," Agricultural Economics Reports 23444, North Dakota State University, Department of Agribusiness and Applied Economics.

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