Newcastle University (2018)
Research undertaken at Newcastle University (2012-2017) aimed to clarify the difficulties faced in seeking to regulate competition using WTO (World Trade Organization) instruments and to improve knowledge of the working of the market. This report summarises some of the key conclusions of that work. It also includes recommendations for further research, aimed ultimately at improving the economic sustainability of the sector.
The following subjetcs are summarized: the nature of the market, the determination of price, the segmentation and boundaries of the market, the nature of cycles and volatility in comercial shipbuilding and the problems of forecasting newbuilding demand that lead to unrelieable results.