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In terms of the global bulk trade, shipments of nickel ore from Indonesia to China are tiny: just 2m-3m toutes oft of more than 4 billion tonnes of bulk goods carried each year on over 9,000 vessels.
Kim and Loe (1997) have developed a decision support system for ship scheduling in industrial bulk trade.
But it is not yet clear how much they are willing or able to make the investments needed to replace the bulk trade with Russia with sales to Western fruit buyers who insist on named varieties of the highest quality.
In practice, the flexibility which the OBO design allows has gone largely unused, as these ships tend to specialize in either the liquid or dry bulk trade.
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Rival William Hill said that of about £70m staked so far, around £20m is with traditional bookmakers and the bulk traded on betting exchanges such as Betfair, which said on Wednesday it had matched £45m of bets.
"It will contribute positively to our cooperative owners' milk price from Day 1, as we are able to add more value to milk that we otherwise would have to sell on the global bulk trading market, where the profit is lower historically," Arla Foods' chief executive, Peder Tuborgh, said in prepared remarks.
The programme is to be extended to include the major dry bulk trades, initially focusing on iron ore, coal and phosphate rock.
Firstly, an OBO would be able to switch between the dry and wet bulk trades based on market conditions.
"This one in particular is for our expanding liquid bulks trade... something based on larger vessels than can be accommodated on existing facilities.
We conjecture that one possible explanation of this effect is due to market makers and trading specialists providing the bulk of trading activity, due to their greater access to trading resources than consumer traders.
Chasen's barter idea: Buy discounted magazine and newspaper ad pages in bulk and trade them to restaurants for dining credits, which would then be sold to diners for cash.
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CEO of Professional Science Editing for Scientists @ prosciediting.com