A shipping line may have more than one itinerary to transport containers from origin to destination. Customers choose which itinerary to use or using other shipping lines’ itinerary. We use the logit model to formulate customer’s behavior. We find that, on one side, when the freight rates of...

This paper proposes a decision tree model to estimate the loss to global economy on the hypothesis of an extreme scenario of blockade of the Straits of Malacca and Singapore. The insurance surcharges, inventory costs and the time values of cargoes, and Time Charter Equivalent rate are used to...