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An empirical analysis of bidirectional relationships between various components of Baltic supramax index

Author

Listed:
  • Batrinca Ghiorghe

    (Constanta Maritime University Romania)

  • Cojanu Gianina

    (Constanta Maritime University Romania)

  • Surugiu Ioana

    (Constanta Maritime University Romania)

Abstract

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

Suggested Citation

  • Batrinca Ghiorghe & Cojanu Gianina & Surugiu Ioana, 2013. "An empirical analysis of bidirectional relationships between various components of Baltic supramax index," Constanta Maritime University Annals, Constanta Maritime University, vol. 20(2), pages 199-204.
    • Handle: RePEc:cmc:annals:v:20:y:2013:i:2:p:199-204
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    File URL: http://cmu-edu.eu/RePEc/cmc/annals/199-v20.pdf
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    References listed on IDEAS

    as
    1. Amir H. Alizadeh & Nikos K. Nomikos, 2009. "Shipping Derivatives and Risk Management," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-23580-9, February.
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    More about this item

    JEL classification:

    • R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General
    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics

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