Michail, Nektarios; Melas, Konstantinos D. - In: The Asian Journal of Shipping and Logistics 37 (2021) 2, pp. 184-191
We estimate intentional and unintentional herding in the dry-bulk, ocean-going segment that spans from August 1998 to … January 2020 and measure how this can impact vessel orders. As the results suggest, while intentional herding has a large … effect on the orders of the newbuilding vessels, the impact is very short-lived. On the contrary, unintentional herding …