Axarloglou, Kostas; Visvikis, Ilias; Zarkos, Stefanos - In: Transportation Research Part E: Logistics and … 52 (2013) C, pp. 35-48
The study empirically analyses the time-varying properties of the spread between voyage and time-charter rates and presents evidence that these properties are directly related to the business cycle (market demand) of the maritime industry, to the expectations for the future market demand and to...