Market Modelling And Analysis

Research in the field of shipping economics has, throughout its history, been very much concerned with various aspects of the functioning of markets. Since this is undeniably a common characteristic of many branches of economics, this certainly cannot be claimed to be a unique feature of shipping economics. Within the context of transportation economics, however, it may be true to say that market modelling is further advanced in shipping economics than in the study of any other of the...

Liner Shipping Rationalisation

In the liner shipping sector, the most pronounced trends over the last few years have been greater rationalisation (at both corporate strategic and operational levels) and the deployment of Super post-Panamax containerships. These two strategies are implicitly interdependent and, in consequence, their individual impact upon the container shipping market is very difficult to isolate. Instead, for ease of analysis, they must be considered as a single causal market development (Cullinane &...

Fiscal Treatment In Europe The Tonnage Tax Approach

As the oversight role of the European Commission in maritime transport evolved after the signing of the Treaty of Rome, the Commission became increasingly concerned with the decline in the traditional shipping registers of its Member States. This manifested itself in various ways since 1986. The first step to establish a substantive European policy for shipping was the 1986 package of measures liberalizing the internal (intra-Community) market, revising conditions for foreign flag operators...

References

A theory of ship prices. Maritime Policy and Management, 12, 31-40. Beenstock, M., & Vergottis, A. (1989a). An econometric model of the world market for dry cargo freight and shipping. Applied Economics, 21, 339-356. Beenstock, M., & Vergottis, A. (1989b). An econometric model of the world tanker market. Journal of Transport Economics and Policy, 23, 263-280. Beenstock, M., & Vergottis, A. (1993a). The interdependence between the dry cargo and tanker markets....

Defining Competitive Advantage For Shipping Lines An Alternate View

Competitive Advantage and Competition in Markets A Background Note The notion of competitive advantage, on the ways firms achieve advantage and on the bases of strategy definition for business success have certainly occupied the minds of management theorists and others for some considerable time. In this context we note, albeit briefly, two separate though essentially complementary analytical frameworks - that associated with the work of Michael Porter from 1979 and usually associated with...

Market Modelling Until Beenstock And Vergottis

Early Econometric Modelling of Bulk Freight Markets1 An excellent survey of the major contributors to the econometric modelling of shipping markets is contained in Chapter 2 of Beenstock and Vergottis. Their review highlights the fact that in terms of modelling the freight rate and shipping fleet, little has changed since the seminal studies of Tinbergen 1931, 1934 and Koopmans 1939 . Tinbergen's 1934 study put forward a model of the dynamics of the freight rate market of the following...

Literature Review

The first researcher to analyse the cyclicality of the shipbuilding market was Tinbergen 1931 . Tinbergen supported that the condition of the shipbuilding market is very much dependent on the amount of freight offered for shipping. The freight rate is then in its turn dependent on the shipping tonnage present in the market. This leads to an endogenous shipbuilding market cycle, which is caused by the time lag between the demand for shipping capacity and the actual availability of this capacity....

Grammenos C And Arkoulis A 2002 . Macroeconomic Factors And International Shipping

K. 2001 . Perceptions of foreign exchange rate risk in the shipping industry. Maritime Policy and Management, 28 3 , 235-249. Beenstock, M., amp Vergottis, A. 1993 . Econometric modelling of world shipping. London Chapman amp Hall. Chen, Y.-S., amp Wang, S.-T. 2004 . The empirical evidence of the leverage effect on volatility in international bulk shipping market. Maritime Policy and Management, 31 2 , 109-124. Cheng, P. C. 1979 . Financial management in the...