Article

 

The ex-soviet and russian tanker and cargo fleet’s magnitude (1975-2001) (p.89-122)

by

Athanassia Th. Xenaki, University of the Aegean (Greece)

Athena Belegri-Roboli, National Technical University of Athens

George E. Economakis, University of the Aegean (Greece)

John G. Milios, National Technical University of Athens

Maria S. Markaki, National Technical University of Athens

Panayotis G. Michaelides, National Technical University of Athens

Keywords : ex–Soviet, Russia, tanker, cargo, flagged fleet owed fleet

JEL classification : P26 , N74

Abstract

The present paper examines the relationship of the ex-Soviet and the Russian fleet of tankers and cargoes, with respect to the world trade of oil and bulk loading. We study the extent to which, the Russian fleet followed the patterns of the world trade and we investigate the determinants of the tanker and cargo fleets’ performance. The main conclusion is that the Russian fleet faces problems related to Russia’s severe economic situation and is rapidly aging. As a result, the Russian fleet is relatively shrinking and the solutions driving to a positive future seem to be linked to Russia’s political and economic development.