In this paper, a vector autoregressive model is developed for a sample of ocean dry bulk freight rates. Although the series of freight rates are themselves found to be non-stationary, thus precluding the use of many modelling methodologies, evidence provided by cointegration tests points to the...

Success in the shipping industry depends to large extent on the quality of the main asset: the ship. The owner or operator will ask herself: do I have the right ship for a certain job, and what performance can I achieve with a given ship. The relationship between the specifications of the ship,...

The new Dutch shipping policy has given rise to high expectation and curiosity in the world of shipping. This, together with the obvious difficulties of an <italic>ex-post</italic> study of the effectiveness of such innovative policy, has prompted the authors to take an interest in attempting to investigate...

Despite the rapid economic growth in the Yangtze River Delta area, the Yangtze River itself is lagging behind as measured by the ratio of container volume to total freight volume. According to the Ministry of Communications’ statistics, more than 70% of cargoes generated in the Yangtze Valley...

This paper discusses the importance of Zannetos’ 1966 book for the development of maritime economic thought. The main contributions of the book are recounted, and the empirical work in the book is reviewed. The analysis of the present paper is a citation research on the maritime economics...

This paper is a contribution to the strategic question: How can the continuity of the current education infrastructure for the maritime industry be secured? The analysis in the paper is based on concepts from institutional economics, in particular governance of institutional structures. The...

This paper presents an exploration of the process of setting warranted ship speed and fuel consumption in ocean shipping time charter contracts. We formulate a conceptual model in which warranted ship speed and fuel consumption are related to an underperformance claim. We test hypotheses...