The tanker shipping market has been treated as the key extension of the world oil market and inevitably, its uncertainty is correlated to volatility of the oil market, besides supply and demand factors. Therefore, for improving operational management and budget planning decisions, it is...

What would happen if firms could collusively choose cost of transport (inconvenience) in Hotelling's spatial model? This paper endogenises inconvenience in a three stage game, where firms choose locations, the inconvenience, and finally compete in price, on the assumption of a common reservation...

The purpose of this work is to approach the evolution of the freight rates for the oil ships of big sizes, that is of those with 200,000 dwt. In this field we intend to analyse the seasonality of the freight rates for the transport of the oil from Persian Gulf to other four destinations, that...

The International Maritime Exchange (IMAREX) is the leading regulated marketplace for trading and clearing shipping freight derivatives. We investigate for the first time whether the IMAREX freight futures market is efficient over the daily and weekly horizons. To this end, we address the...

This chapter explore why it is so important to study transportation costs in the context of Asia. Which has a higher incidence on trade in Asia-tariffs or freight costs? Since international transport costs, to a great extent, depend on ocean freight rates, the next step is to understand the...

The Marco Polo programme of the European Commission aims to shift or avoid freight transport off the roads to other more environmentally friendly transport modes. The programme is implemented through yearly calls for proposals. The proposals received to each call are selected for financial...

In France like in Europe, mobility and economic growth have been developing in the same way since several decades. The freight transport growth, usually expressed in ton kilometres, is more easily explained by the distance than by transported tonnes. This paper goes thoroughly uncoupling concept...

The paper presents a dynamic model of modal split in a multimodal freight transport system, which supposes that the evolution over time of transport demand is accompanied by a corresponding evolution of transport modes, and that users react with delay to cost variations. Starting with these...

The value-of-reliability (VOR) reflects the savings in inventory-system costs from more reliable (less variable) lead times. Previous studies have revealed that more reliable, but positively skewed, lead times could actually increase optimal safety inventory when the probability of satisfying...