Maritime industry
Article Abstract:
American-flagged shippers are preparing for the maritime-subsidy expiration set for the end of 1997 which may not be extended. Congress has also placed maritime deregulation in its agenda for 1996, and the ban of Alaskan oil exports has been ended with a US-flag carrier proviso. Increased capacity and low demand has lowered rates except in the tanker segment. These stocks are not now timely, but several have potential through 1998-2000.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
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Maritime industry
Article Abstract:
The US maritime industry is in extreme economic difficulty and US-flagged carriers are facing extinction. Preference cargo was off 60% in 1994 and the tanker fleet is declining, but this could change if the ban on Alaska oil exports is lifted. Although alliances have made shipping more efficient, regulators need to reshape policy. Several maritime stocks, however, have potential rewards for the next three to five years.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
User Contributions:
Comment about this article or add new information about this topic: