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Interdependence between iron ore production and maritime transport

Author

Listed:
  • Todorut, Amalia Venera
  • Paliu-Popa, Lucia
  • Cirnu, Doru

Abstract

The maritime industry plays an important role in international trade, transporting a total of 10,1 billion tons of merchandise in 2015, representing over 80% of all global trade, with dry cargo estimated to account for over two thirds of the total seaborne trade. Bulk carriers supply the raw materials needed by the steel industry and container ships transport the steel products. Demand and supply for seaborne transport is influenced by trends in global economy and worldwide demand for commodities. The paper analyzes the most important economic determinants in the supply of metallurgical raw materials, highlighting the importance of the shipping sector.

Suggested Citation

  • Todorut, Amalia Venera & Paliu-Popa, Lucia & Cirnu, Doru, 2016. "Interdependence between iron ore production and maritime transport," MPRA Paper 87385, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:87385
    as

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    File URL: https://mpra.ub.uni-muenchen.de/87385/8/MPRA_paper_87385.pdf
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    References listed on IDEAS

    as
    1. Jostein Tvedt, 2003. "A new perspective on price dynamics of the dry bulk market," Maritime Policy & Management, Taylor & Francis Journals, vol. 30(3), pages 221-230, July.
    2. World Bank Group, 2015. "Global Economic Prospects, June 2015," World Bank Publications - Books, The World Bank Group, number 21999.
    3. Lin, Faqin & Sim, Nicholas C.S., 2013. "Trade, income and the Baltic Dry Index," European Economic Review, Elsevier, vol. 59(C), pages 1-18.
    4. Paliu-Popa, Lucia & Babucea, Ana Gabriela & Rabontu, Cecilia Irina & Balacescu, Aniela, 2014. "The impact of the economic and financial crisis on the evolutionary trend of world crude steel production," MPRA Paper 87407, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    iron ore production; iron ore price; maritime transport; Baltic Dry Index (BDI);
    All these keywords.

    JEL classification:

    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment

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