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Can maritime big data be applied to shipping industry analysis? Focussing on commodities and vessel sizes of dry bulk carriers

Author

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  • Kei Kanamoto

    (The University of Tokyo)

  • Liwen Murong

    (The University of Tokyo)

  • Minato Nakashima

    (The University of Tokyo)

  • Ryuichi Shibasaki

    (The University of Tokyo)

Abstract

Enriched navigational information provided by an automatic identification system (AIS) could improve the estimation accuracy of trade patterns analysis by using different data sources. This paper estimates the global trade flow pattern of dry bulk cargo by commodity, namely iron ore, coal, grains, fertilisers, and iron and steel. We use AIS data and the information on commodities handled in ports, estimated by using a two-tiered Geohash geocoding. Estimation results are accurate at country level except for iron and steel. The results are used to quantify the impact of the previously identified variables on vessel size selection by regression analysis and a multinomial logit model. Finally, our model is used to forecast the future shipping demand by vessel type and commodity.

Suggested Citation

  • Kei Kanamoto & Liwen Murong & Minato Nakashima & Ryuichi Shibasaki, 2021. "Can maritime big data be applied to shipping industry analysis? Focussing on commodities and vessel sizes of dry bulk carriers," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 23(2), pages 211-236, June.
    • Handle: RePEc:pal:marecl:v:23:y:2021:i:2:d:10.1057_s41278-020-00171-6
    DOI: 10.1057/s41278-020-00171-6
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    References listed on IDEAS

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    Cited by:

    1. Miao Su & Keun Sik Park & Sung Hoon Bae, 2024. "A new exploration in Baltic Dry Index forecasting learning: application of a deep ensemble model," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 26(1), pages 21-43, March.
    2. Shahrzad Nikghadam & Kim F. Molkenboer & Lori Tavasszy & Jafar Rezaei, 2023. "Information sharing to mitigate delays in port: the case of the Port of Rotterdam," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 25(3), pages 576-601, September.

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