Demand Analysis of the Nigerian Shipping Market

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Demand Analysis of Nigerian Shipping Market is a perspective into the economy of Africa's oil hub, Nigeria, whose import dependent economy was analyzed in this work.A sustainable ship owning development pathway was developed for the Nigerian economy.The analytical approach applied includes an extension of the gravity model to commercial shipping, and spatial regression analysis, demand econometrics and other scientific methods.The distribution of freight of major maritime carriers was studied in the work.A supply chain analysis of both merchant and oil freight of the economy was performed considering all origins and destinations of the shipping market including, but not limited to United States of America, European Union, India and Asian countries, South America and rest of the world.