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We explore, for the first time in the literature, how the revenues of ship management companies respond to macroeconomic exogenous shocks. Using data for ship-management companies in Cyprus, we find evidence that a demand shock has the largest impact on revenues, exhibiting an almost one-for-one...
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We examine the impact of port congestion on containership freight rates. Our results show that port congestion has a … positive and significant effect on containership freight rates. However, a 1% increase in port congestion in North America or … Europe has an effect of approximately 0.5% on shipping freight rates, while an increase in Asian congestion has a pass …
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