
Shipping Econs (Part 5)
Authored by Siti Marsila
Business
University
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do shipping companies decide when a ship should be scrapped?
Based on the age of the ship
When the ship becomes obsolete
When the sale and purchase market indicates it
When the ship completes its twenty-year lifespan
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What factor plays a significant role in deciding when a ship should be scrapped?
Age of the ship
Market cycles
Economic conditions
Owner's preference
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary influence in determining when a ship reaches the demolition market?
Age of the ship
Economic conditions
Shipping market cycles
The availability of scrap dealers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What helps make poorly defined economic decisions about scrapping ships clearer?
Market cycles
Age of the ship
Government regulations
Shipping company decisions
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has the global trade revolution impacted sea transport?
Made sea transport more expensive
Reduced the cost of freight
Increased the cost of sea transport
Limited the growth of shipping companies
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of the total value of world trade did the cost of freight represent in 2019?
3.6%
10%
20%
50%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one reason for the decrease in the cost of transporting coal?
Reduced demand for coal
Increased shipping market cycles
Economies of scale
Government subsidies
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