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Modeling freight markets for coal

Author

Listed:
  • Jan Ubøe

    (Norwegian School of Economics and Business Administration, Helleveien 30, 5045 Bergen, Norway)

  • Jonas Andersson

    (Norwegian School of Economics and Business Administration, Helleveien 30, 5045 Bergen, Norway)

  • Kurt Jörnsten

    (Norwegian School of Economics and Business Administration, Helleveien 30, 5045 Bergen, Norway)

  • Siri Pettersen Strandenes

    (Norwegian School of Economics and Business Administration, Helleveien 30, 5045 Bergen, Norway)

Abstract

In this paper we study bulk shipping of coal between the central regions in the world. We compare the performance of cost-minimizing models with a gravity model approach. The main finding in the paper is that cost minimizing models provide relative poor fits to data. A simple one-parameter gravity model, however, provides very satisfactory fits to observed behavior. Maritime Economics & Logistics (2009) 11, 289–301. doi:10.1057/mel.2009.10

Suggested Citation

  • Jan Ubøe & Jonas Andersson & Kurt Jörnsten & Siri Pettersen Strandenes, 2009. "Modeling freight markets for coal," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 11(3), pages 289-301, September.
    • Handle: RePEc:pal:marecl:v:11:y:2009:i:3:p:289-301
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    Cited by:

    1. Abdolrasoul Ghasemi & Elnaz Miandoabchi & Shiva Soroushnia, 2021. "The attractiveness of seaport-based transport corridors: an integrated approach based on scenario planning and gravity models," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 23(3), pages 522-547, September.
    2. Wenming Shi & Kevin X. Li, 2017. "Themes and tools of maritime transport research during 2000-2014," Maritime Policy & Management, Taylor & Francis Journals, vol. 44(2), pages 151-169, February.
    3. Haiying Jia & Ove Daae Lampe & Veronika Solteszova & Siri P. Strandenes, 2017. "An automatic algorithm for generating seaborne transport pattern maps based on AIS," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 19(4), pages 619-630, December.
    4. Katarzyna Kopczewska, 2013. "Roads as Channels of Centrifugal Policy Transfer: A Spatial Interaction Model Revised," Contemporary Economics, Vizja University, vol. 7(3), September.
    5. Sahar Babri & Kurt Jørnsten & Michael Viertel, 2017. "Application of gravity models with a fixed component in the international trade flows of coal, iron ore and crude oil," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 19(2), pages 334-351, June.

    More about this item

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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