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Analysis About The European Shipping And Payment Trends 1975 – 2015

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  • Ionescu Gr. Ion

    ()

Abstract

In shipping, more than in other economic sectors, changing trends are very frequent, because of the specific dynamic of markets. The freight rates and second hand prices in the dry bulk market seem to be stationary. This result is in contrast to the findings of a number of papers. However, the results confirm that classical shipping market was stationary in freight rates, which is not the case, if the freight rates followed a random walk. By transforming, all observations, from US$, to Japanese yen, showed that freight rates and prices saw to become stationary and volatility, reduced.

Suggested Citation

  • Ionescu Gr. Ion, 2016. "Analysis About The European Shipping And Payment Trends 1975 – 2015," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 8(2), pages 63-67, June.
  • Handle: RePEc:khe:journl:v:8:y:2016:i:2:p:63-67
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    File URL: http://orizonturi.ucdc.ro/arhiva/KHE_V8_iss2_PDF_2016/KHE_V8_iss2_10%20Ionescu%20Gr%20Ion.pdf
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    References listed on IDEAS

    as
    1. Manolis G. Kavussanos & Nikos K. Nomikos, 1999. "The forward pricing function of the shipping freight futures market," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 19(3), pages 353-376, May.
    2. Manolis Kavussanos, 1997. "The dynamics of time-varying volatilities in different size second-hand ship prices of the dry-cargo sector," Applied Economics, Taylor & Francis Journals, vol. 29(4), pages 433-443.
    3. Jostein Tvedt, 1998. "Valuation of a European futures option in the BIFFEX market," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 18(2), pages 167-175, April.
    4. Veenstra, Albert Willem & Franses, Philip Hans, 1997. "A co-integration approach to forecasting freight rates in the dry bulk shipping sector," Transportation Research Part A: Policy and Practice, Elsevier, vol. 31(6), pages 447-458, November.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Shipping; market; price; transport; perspective;

    JEL classification:

    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General

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