Kilian, Lutz; Nomikos, Nikos K.; Zhou, Xiaoqing - 2020 - This version: September 4, 2020
Gulf and the Far East. We study how fluctuations in oil tanker rates, oil exports, shipowner profits, and bunker fuel … cost shocks. In response to higher costs, voyage profits decline, as cost shocks are only partially passed on to round … are associated with higher profits, a slight increase in time charter rates and lower fuel prices and oil export volumes …