Assmann, Lisa; Andersson, Jonas; Eskeland, Gunnar S. - Institutt for foretaksøkonomi, Norges Handelshøyskole … - 2015
of high freight rates and low bunker prices. The rationale for the claim is that a ship should move slowly when high … bunker prices make energy cost savings great and when the low reight rates give little temptation to rush for the next …. We find some support for the theory, however with elasticities, both for freight rates and bunker prices, of smaller …