<title>Abstract</title> In a stochastic supply link between a supplier and a receiver the receiver will call upon the supplier who can replenish his inventory at the lowest total cost. This total cost typically contains the order costs, transportation costs and inventory costs. A crucial component of the total...

<title>A<sc>bstract</sc> </title> Investment decisions in dry bulk shipping form one of the most difficult managerial tasks due to the high degree of uncertainty and the cyclical nature of the market. Adequate information on ship prices is, therefore, crucial when justifying such decisions. This paper is the first to...

<title>A<sc>bstract</sc> </title> During the last decade, container traffic was the driving force behind the growth in cargo handling in the port of Antwerp, Belgium. Between 1995 and 2005 container traffic almost tripled, enabling Antwerp to increase its market share in the Hamburg-Le Havre range. Moreover, various...

In this paper, we assess the Efficient Market Hypothesis (EMH) in relation to dry bulk shipping in the short run. The aim is to explain why freight rates in the different ship segments are highly correlated. By building a system dynamics model, which is well-suited to modelling complex and...