Freight Rate Volatility and Vessels Size in Tankers’ Sector

Skantzouri, Efthymia Nefeli and Sambracos, Evangelos (2018): Freight Rate Volatility and Vessels Size in Tankers’ Sector.

Abstract

This current dissertation deals with freight rate volatility in tankers’ sector. This sector, like other sectors in shipping industry consists of four markets. Three of them refer to vessels and one refers to freight rates. Consequently, based on shipping industry circumstances and on general circumstances in the economy, freight rates level is characterized by some volatility which varies according to vessels size and whether freight is traded on spot market or on time-charter market. This paper investigates the tanker sector and whether the volatility of freight differentiated between markets and between different ship sizes. Moreover, seasonality is studied together with the effect of the global economic crisis in the volatility of freight rates.

• Item Type: MPRA Paper
• Language: English
• Keywords: Shipping, Freight Rates, Prices Volatility, Crisis effect, seasonality
• Subjects: L - Industrial Organization > L9 - Industry Studies: Transportation and Utilities > L91 - Transportation: General; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Economics; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Economics > R41 - Transportation: Demand, Supply, and Congestion ; Travel Time ; Safety and Accidents ; Transportation Noise

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