Purpose: The main purpose of this paper is to propose a methodological approach and a decision support tool, based on prescriptive analytics, to enable bulk ordering of spare parts for shipping companies operating fleets of vessels. The developed tool utilises machine learning and operations...

Introduction -- A review of the dry bulk shipping development -- A survey on the econometric modelling in the dry bulk shipping -- Modelling price behavior in the freight market -- Modelling price behavior in the new-building ship market -- Modelling price behavior in the second-hand ship market...