Geographies of Maritime Transport
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Geographies of Maritime Transport

Edited by Gordon Wilmsmeier and Jason Monios

This multidisciplinary book delivers a unique collection of well-considered, empirically rich and critical contributions on maritime transport geographies. It covers a wide range of markets and territories as well as institutional, environmental and future issues.
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Chapter 5: The geography of commodity flows: the bulk sector

Theodora Koukaki and Alessio Tei

Abstract

Bulk shipping has traditionally been connected to the economic structure of different world regions with well-defined exporter countries and specific consumption areas. However, recent economic trends as well as the modification of consumption patterns have modified historical trade routes and the related shipping services. In this scenario, the introduction of bigger ships (e.g. VLOCs in the iron ore trade) and emerging issues related to new energy consumption patterns (e.g. refinery location, steel production, renewable energy) have deeply affected the traditional shipping network. Against this backdrop, the chapter discusses the recent evolution of main bulk shipping markets in terms of supply and demand, identifying current and future trends and the related spatial distribution of main bulk commodities. By specifically focusing on main bulk cargoes (i.e. oil, iron ore, and coal), the chapter highlights main trade lanes, shipping characteristics, and potential market changers.

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