Setting the productivity of a type 2 chemical tanker on a particular route and employment terms

Surugiu Felicia, Olteanu Ana-Cornelia and Cristea Viorela-Georgiana
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Surugiu Felicia: Constanta Maritime University
Olteanu Ana-Cornelia: Constanta Maritime University
Cristea Viorela-Georgiana: Constanta Maritime University

Constanta Maritime University Annals, 2014, vol. 21, issue 1, 223-226

Abstract: Through this paper we do analyze productivity of a chemical tanker – IMO type 2, on a specific route and under specific employment terms. Within the introduction chapter will be shown technical differences between those three IMO types of chemical tankers that impose certain limitations on their use for chartering; further, a short definition will show us that productivity is one of the way of measuring the efficiency of any element, in our case the chemical tankers fleet. Due to the business environment which in changing dynamically in the shipping industry, beside the financial instruments that every shipping companies have to use in order to survive on this market, the type of contract in which the ships are involved are very important in raising the productivity of the entire company. Depending on the ship's employment situations based on two types of contracts, time charter and voyage charter, we tried to determine the productivity of each other, using a voyage in which the vessel was hired to transport a quantity of 35,000 m³ MTBE (methyl tertiary butyl ether). In each case the two participants have different interests, but one of them is common, releasing a satisfactory profit. Striking conclusions were drawn from the calculation of productivity and also cover solutions have been proposed to achieve optimum productivity in this sector

JEL-codes: R0 R4 (search for similar items in EconPapers)
Date: 2014
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