Shipping Industry | Run? | Shipping company | Run? | Remarks |
When a “newly-built ship” is delivered to her owners. | Long; an increase in capital & potential production. | When a newly-built ship is added to company’s fleet. | Long (an increase in capital & in potential production). | A process ranging from 2 to 4 years, depending on he phase of the shipping cycle. |
When ships are scrapped. | Short; permanent reduction in capital. | When firm’s ships are scrapped. | Short. | A permanent reduction in capital. |
When ships are lost. | Short; (permanent reduction in capital). | When a company’s ship is lost. | Short (a permanent reduction in capital). | Due to a marine accident. |
When ships are laid-up. | Short; temporary reduction in capital. | When ships are laid-up. | Short (a temporary reduction in capital). |
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When ships are sold. | No influence on industry’s capital. | When ships are sold. | Short | Change in firm’s capital |
When ships are bought. | No influence on industry’s capital. | When ships are bought. | Short | Company’s capital increases |
When ships get larger; a new engine is installed & new gears are fitted. | Short; influence on industry’s capital. | When ships get larger; a new engine is installed & new gears are fitted. | Short (permanent increase in capital). |
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