“Going the extra mile” has become a classic part of “business-speak”, but in the shipping business it can have a more literal meaning. Distance plays a huge role in determining the impact of trade flows on vessel demand, and is therefore a key variable in the shipping market equation. Tracking the changes in the distances covered by seaborne trade is an important element of the demand-side framework.

For the full version of this article, please go to Shipping Intelligence Network.