As the world economy has developed so trade has become increasingly important. Trade necessarily involves transport of goods and, because the sea covers around three-quarters of the Earth’s surface, transport most importantly means carriage by sea. Transport of goods in bulk is of fundamental importance and it is estimated that the turnover in the dry bulk freight market is some $20–$25 billion a year.
KeywordsNatural Rubber Future Contract International Energy Agency Freight Rate Production Quota
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