The demand for crude oil transport services is a derived demand, which is dependent on international trade of crude oil and crude oil carriers transport crude oil from producer regions to consumer regions. The purpose of this study is to investigate the relationship between fluctuations in oil...

Monitoring and analysing information transmission across different shipping markets is an important tool for participants to predict shipping freight rates, design portfolio investments and manage freight rate risks. The purpose of this article is to investigate spillover effects and dynamic...

Cram et al. (2009) argued that conditional logit regression could produce better regression results than ordinary logit regression when applied to matched samples. But their evidence of conditional logit regression's advantages over ordinary logit regression is not statistically robust, for they...