Intro part 1.1

Question 1

Dry bulk

Answer 1

Raw materials

Question 2

Geared container ship

Answer 2

Container ship with cranes

Question 3

Gear-less container ship

Answer 3

Container ship without cranes

Question 4

LPG

Answer 4

Liquefied petroleum gas

Question 5

LNG

Answer 5

Liquefied natural gas

Question 6

Supply and demand

Answer 6

economic model of price determination in a market

Question 7

Key factors of demand

Answer 7

freight rates
price second-hand vessels
financial resources available
access to credit
financial forecast

Question 8

freight rates

Answer 8

Cost of shipping cargo

Question 9

Shipyard supply is governed by

Answer 9

Production costs
Shipyard slipway
Machinery required
Order-book size