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...

Despite claims by shipping lines that most of their containerships operate on fixed-day weekly schedules, a large survey recently revealed that over 40% of the vessels deployed on worldwide liner services arrive one or more days behind schedule. Broadly speaking, the survey found relatively low...

<title>Abstract</title> As the Liquefied Natural Gas (LNG) market is supply-driven and subject to long-term contracts, both liquefaction companies and shipowners need to make strategic decisions on fleet chartering requirements. These planning decisions become ever more difficult in light of the...

We investigate for the first time the spot rate dynamics for Very Large Gas Carriers (VLGCs) by means of multrifractal detrended fluctuation analysis (MF-DFA) and rescaled range (R/S) analysis. Both methods allow for a rigorous statistical analysis of the freight process by detecting...

In this paper we present a classical shipping model of the LPG, the ammonia and the petrochemical freight market that has recently been developed for use in industry practice. The aim is on the one hand to fill the gap of modeling the gas markets which to date have basically been ignored in the...