This book models price behaviour and forecasts prices in the dry bulk shipping market, a major component of the world shipping industry.
Recent uncertainties in the world economy, shipbuilding developments and fleet changes mean the dry bulk shipping market has become extremely volatile, highly speculative and more sensitive to external shocks. In response to these challenging circumstances, this book models price behaviour and forecasts prices in various markets including the freight market, the new build ship market and the second-hand ship market. The authors have carried out an extensive investigation of dry bulk shipping over a 60-year period in diverse sub-markets, trading routes, market conditions and dry bulk vessels.
The authors also propose a framework for analysing and modelling the economic processes of numerous variables in the dry bulk shipping market, making use of modern econometric techniques and other economic approaches. This will be especially useful for the control and assessment of risk for ship owners and charterers in ship operation, ship chartering and ship trading activities.
This book will be extremely useful for shipbuilders, owners and charterers, as well as shipping analysts and policymakers. It will also be of great interest to academics and researchers concerned with the economics of the shipping industry.
Table of Contents
1. Introduction 2. A Review of Dry Bulk Shipping Development 3. A Survey of Econometric Modelling in the Dry Bulk Shipping Industry 4. Modelling Price Behavior in the Freight Market 5. Modelling Price Behaviour in the Newbuilding Ship Market 6. Modelling Price Behavior in the Secondhand Ship Market 7. Conclusions
Shun Chen is a doctor in Applied Economics and now works at Shanghai Maritime University. Her research interests are on the economic and econometric modeling and forecasting in the shipping market. Her research work was published by Maritime Policy & Management and Maritime Economics & Logistics.
Hilde Meersman is a Professor at the University of Antwerp, Faculty of Applied Economics. Her activities are situated in Economics, Transport Modelling and Econometrics. She is also a visiting professor at several international universities.
Eddy Van de Voorde is a Professor at the University of Antwerp, Faculty of Applied Economics. His activities are situated in Maritime Economics, Port Economics, Air Transport and Logistics. He is also a visiting professor at several international universities.
Koos Frouws an assistant Professor at the University of Delft , faculty Ship Design Production & Operations. He is active in ship design, evaluating ship designs, shipping management, simulation and transport modelling of logistic chains.