An empirical analysis of bidirectional relationships between various components of Baltic supramax index
In shipping, the freight market represents the adjustment mechanism linking supply and demand. Most of the times, the time charter level is a consequence of the equilibrium between demand and supply of ships in the area, but there are also situations when the market raises significantly in an area and, as a consequence, vessels situated at a shorter or a longer distance from that area are ballasting toward the hot area, shattering the equilibrium. The purpose of this study is to assess the bidirectional relationships between various components of Baltic Supramax Index by applying vector autoregressive models
Volume (Year): 20 (2013)
Issue (Month): 2 ()
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