Page 10: of Maritime Reporter Magazine (September 1998)
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MARINE FINANCE
Set four Clock For 2002: New ASIS report finds that next big push of tanker building to tab place between 2002-2004
Shipbuilding demand for tankers will increase between the years 2002-2004, boosted by the demand for replacement tonnage from scrapped 1970s-built VLCCs, while demand for bulk carrier newbuildings will turn positive in 2001 and steadily increase, accord- ing to a study released by The
Association for Structural
Improvement of The Shipbuilding
Industry (ASIS), Japan.
ASIS, which has been conduct- ing research on world shipbuilding demand since 1991, based this
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Asian financial crisis. The repor contains medium and long-terr shipbuilding requirement fore casts for tankers and bulk carrier of 10,000-dwt and above unt: around the year 2010. (In the ensuing report, scenari
A assumes that the Asian econom will recover within a short tern i.e. about two years; scenario assumes that the Asian econoir will recover in about four years.)
The World Economy
Economic expansion in the U. has continued since spring 199
The highest growth rate in the la nine years was achieved in 199
Although this growth will slight decrease after 1998, U.S. econoir growth is expected to continue be stable for the time being.
European economies have bei improving since late 1996 and a expected to continue after 19£
As a whole, Europe will maints economic growth despite var: tions from country to country.
Japan, reduced disposable incoi and a severe business climate ha adversely affected the entire ec(
Seaborne Trade 2,500 (bulk cargoes) 2,000 1,500 1,000 500 1997 2010 2,500 2,000 1,500 1,000 500
Seaborne Trade (oil) 1997 201
Atlantic Dr
