Park, Sunghwa; Kwon, Janghan; Kim, Hanna; Ryu, Heeyoung; … - In: The Asian Journal of Shipping and Logistics 40 (2024) 2, pp. 89-102
This study examines the effect of macroeconomic shocks on the shipping market using time-series data by comparing the … in the shipping market was consistent with the theoretical predictions. Second, the freight rates were the most affected … by VIX shock during the global financial crisis, by fleet development shock during the period of overbuilt shipping …