This report discusses the effect of Australian flag shipping on the balance of payments (the external account). In preparing the report, the BTCE estimated the 1986–87 contribution to the external account from all Australian shipping operations and evaluated 17 case studies of hypothetical Australian ships in international trades. The case studies were carried out using a ship costing model called BTESHIP and were based on hypothetical new vessels operating with the crew costs and conditions negotiated by the Shipping Reform Task Force (so-called MlDC ships). The case study data were also used to evaluate efficiency in earning foreign exchange with domestic resource cost analysis.
- Australian Shipping and the Balance of Payments