The oil tanker market is interesting from a system dynamics point of view. The market exhibits regularities which appear to be caused by an underlying structure which has been stable for at least 30 years, and probably longer. This seemingly stable structure is primarily the result of the systematic, but not particularly rational, behaviour of the main actor in the oil tanker market: the community of shipowners. The collective effect of their individualistic actions, I believe, is a rather violent and rhythmic development in the market- on a timescale of years to decades. The regularity is, of course, superimposed on a non-recurring pattern of developments caused by events entirely outside the control of the oil tanker community. In this paper I describe the stable structure and discuss what it means for the likely development of the oil tanker market over the next decade.

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Date created

• 1981

Type

• Document

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• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

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• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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e8eac154b3129692f26c222dbc2c9466

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Part of

4a97153f59047c298f3bcd6b15c284f5

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23d738ba88f8333bc39725f9cb5bd0b8

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Collection

System Dynamic Society Records

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Collecting area

• This collection is part of the University Archives