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1

Connections between the Dry Bulk Freight Index and the Cyclical Economic Activity of the G7 Countries

100%

Wagner N.

Logistics and Transport

|

2015

|

tom 25

71-82

EN

The article analyses the connections between the dry bulk freight market and the economic activity of certain countries. The objective was to confirm the existence of a similar cyclical nature for the Baltic Dry Index and main indicators of the business cycle of the G7 countries. The applied macroeconomic variables were: the real GDP and the industrial production index. In examination a spectral analysis was used. The discovered identical periodicities were analyzed in terms of time relations. It was demonstrated, that the cyclical part of the BDI (periodicity of 13.1 and 15.3 quarters) either leads or is coincident with the indicators of the business cycle. The global financial crisis in 2008-2009 showed that the behaviour of freight indices was similar to stock exchange indices and macroeconomic variables in advanced economies. It is worth to observe shipping market because higher values of freight indices could anticipate increasing demand for sea trade and economic growth.

2

Connections between the Dry Bulk Freight Index and the Cyclical Economic Activity of the G7 Countries

100%

Wagner N.

Logistics and Transport

|

2015

|

tom Vol. 25, No. 1

71--82

EN

The article analyses the connections between the dry bulk freight market and the economic activity of certain countries. The objective was to confirm the existence of a similar cyclical nature for the Baltic Dry Index and main indicators of the business cycle of the G7 countries. The applied macroeconomic variables were: the real GDP and the industrial production index. In examination a spectral analysis was used. The discovered identical periodicities were analyzed in terms of time relations. It was demonstrated, that the cyclical part of the BDI (periodicity of 13.1 and 15.3 quarters) either leads or is coincident with the indicators of the business cycle. The global financial crisis in 2008-2009 showed that the behaviour of freight indices was similar to stock exchange indices and macroeconomic variables in advanced economies. It is worth to observe shipping market because higher values of freight indices could anticipate increasing demand for sea trade and economic growth.

3

Rynek demontażu statków morskich – zarys zagadnienia

86%

Klopott M.

Logistyka

|

2013

|

tom nr 6

PL

Prawidłowo realizowany demontaż statku, połączony z odzyskiem surowców wtórnych, może być bez wątpienia przyjaznym środowisku przemysłem. Równolegle należy mieć na uwadze społeczny aspekt takiej działalności i zadbać o poprawę warunków pracy zatrudnionych. Trudno jednak nie odnieść wrażenia, że wszystkie podejmowane na świecie działania na rzecz bezpiecznego recyklingu statków są spóźnione lub implementowane opieszale, a przemysł żeglugowy niechętnie podchodzi do regulowania sfery swojej działalności. Istnieje obawa, że wzmożony okres demontażu minie zanim zapisy Konwencji z Hong Kongu czy unijnego Rozporządzenia zaczną ostatecznie obowiązywać.

EN

An average of 1400 ships will be scrapped annually over the coming years. The primary determinants underpinning an owner's decisions for ship demolition are discussed at the beginning of the paper, e.g. ship's age, obsolescence or future operating profitability of the vessel. In the subsequent section the paper focuses on the ship demolition market, concentrated in five countries, i.e. India, Bangladesh, China, Pakistan and Turkey, which account for 98% of total tonnage recycled worldwide. While the industry is an important source of steel scrap and provides thousands of jobs, it is accompanied by rough working conditions and lack of environmental protection (especially in the scraping industries of India and Bangladesh), that have become a source of public concern in the recent years. The paper ends with a brief discussion on latest EU Ship Recycling Regulation, which aims to reduce the negative impact of EU-flagged ship dismantling on the environment and human health. The regulation imposes a number of requirements on European ship owners, ship recycling facilities willing to recycle European ships, as well as on relevant authorities or administration.