In this paper, a vector autoregressive model is developed for a sample of ocean dry bulk
freight rates. Although the series of freight rates are themselves found to be non-stationary …

We propose a model for freight rate formation in individual contracts that incorporates
charterer and owner heterogeneity and owner–charterer match effects. We estimate fixed …

In this paper, we investigate the contracting behaviour of participants in the spot freight
market for tankers by analysing the positioning of vessels at the time of fixture. For that …

The purpose of this paper is to investigate the hypothesis that the freight market boom in the
drybulk freight market between 2003 and 2005 caused asset values in the second-hand …

This paper presents a stochastic extension of the classical partial equilibrium models of the
spot freight market. The supply of sea transport in the model is based on microeconomic …

This paper contains an empirical investigation of the relation between spot and period
freight rates for the ocean dry bulk shipping market. This relation is commonly referred to as …

The paper discusses port pricing structures that enhance ship efficiency. Traditionally, ports
use public infrastructure pricing, which does not take differences in waiting cost into …

The modern analysis of bulk shipping markets has been heavily influenced by two events in
the past 15 years. First, the publication of Econometric Modelling of World Shipping, by …

The dry bulk shipping market plays a crucial role in global trade. To examine the volatility,
correlation, and risk spillover between freight rates in the BCI and BPI markets, this paper …

Accurate prediction of the Baltic index makes great difference to the strategic decision and
risk avoidance of the enterprise. For the multi-step Baltic Supermax Index prediction, direct …