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Maritime Policy & Management
The flagship journal of international shipping and port research
Volume 35, 2008 - Issue 3
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Original Articles

An analysis of freight rate volatility in dry bulk shipping markets

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Pages 237-251 | Published online: 16 Jun 2008

Keep up to date with the latest research on this topic with citation updates for this article.

Read on this site (13)

Sinem Celik Girgin, Thanasis Karlis & Okan Duru. (2020) Valuation mismatch and shipping q indicator for shipping asset management. Maritime Policy & Management 47:1, pages 109-126.
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Chi-Wei Su, Kai-Hua Wang, Qi Shao & Ran Tao. (2019) Are there bubbles in the shipping freight market?. Maritime Policy & Management 46:7, pages 818-830.
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Xiaoxu Ding, Siyu Dai, Feier Chen, Yuqi Miao, Kang Tian, Yadong Zeng, Han Xu & Cao Qin. (2018) Long memory and scaling behavior study of bulk freight rate volatility with structural breaks. Transportation Letters 10:6, pages 343-353.
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Kevin X. Li, Yi Xiao, Shu-Ling Chen, Wei Zhang, Yuquan Du & Wenming Shi. (2018) Dynamics and interdependencies among different shipping freight markets. Maritime Policy & Management 45:7, pages 837-849.
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Yadong Wang, Qiang Meng & Zhijia Tan. (2018) Short-term liner shipping bunker procurement with swap contracts. Maritime Policy & Management 45:2, pages 211-238.
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Wenming Shi & Kevin X. Li. (2017) Themes and tools of maritime transport research during 2000-2014. Maritime Policy & Management 44:2, pages 151-169.
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Jingbo Yin, Meifeng Luo & Lixian Fan. (2017) Dynamics and interactions between spot and forward freights in the dry bulk shipping market. Maritime Policy & Management 44:2, pages 271-288.
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N.D. Geomelos & E. Xideas. (2014) Forecasting spot prices in bulk shipping using multivariate and univariate models. Cogent Economics & Finance 2:1.
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Ahmed A. A. al sharif & Ruwen Qin. (2014) Valuation of Lease Contracts with a Price Adjustment Option: An Application to the Maritime Transport Industry. The Engineering Economist 59:1, pages 30-54.
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Su-Han Woo, Hee-Seok Bang, Sally Martin & KevinX. Li. (2013) Evolution of research themes in Maritime Policy & Management—1973–2012. Maritime Policy & Management 40:3, pages 200-225.
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Wolfgang Drobetz, Tim Richter & Martin Wambach. (2012) Dynamics of time-varying volatility in the dry bulk and tanker freight markets. Applied Financial Economics 22:16, pages 1367-1384.
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Alexandros M. Goulielmos & Maria-Elpiniki Psifia. (2011) Forecasting short-term freight rate cycles: do we have a more appropriate method than a normal distribution?. Maritime Policy & Management 38:6, pages 645-672.
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Panagiotis Palaios, Anna Triantafyllou & George Zombanakis. Economic and geopolitical uncertainty vs energy variables: exploring connectedness in the LNG freight market. Maritime Policy & Management 0:0, pages 1-22.
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Satya Sahoo, Liping Jiang & Dong-Wook Song. (2023) Review of bargaining and transaction prices: future avenues for shipping studies. Maritime Business Review 8:4, pages 351-371.
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Jia Shi, Yuquan Jiao, Jihong Chen & Shaorui Zhou. (2023) Construction of resilience mechanisms in response to container shipping market volatility during the pandemic period: From the perspective of market supervision. Ocean & Coastal Management 240, pages 106642.
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P.J. Ajith, Totakura Bangar Raju, Rishabh Gupta & Nikhil Kulshrestha. (2023) Volatility in tanker freight markets. Case Studies on Transport Policy 12, pages 100993.
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Naima Saeed, Su Nguyen, Kevin Cullinane, Victor Gekara & Prem Chhetri. (2023) Forecasting container freight rates using the Prophet forecasting method. Transport Policy 133, pages 86-107.
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Lee Sang-Hyeok. (2023) Deep Neural Network Architectures for Momentary Forecasting in Dry Bulk Markets: Robustness to the Impact of COVID-19. IEEE Access 11, pages 15419-15448.
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Ozan Hikmet ARICAN, Ali UNAL, Osman ARSLAN & Muhammed BAMYACI. (2022) A Dry Cargo Coaster Tonnage Selection Model For Shipping Companies In TurkeyTürkiye'deki Denizcilik Firmaları İçin Bir Kuru Yük Kosteri Tonajı Belirleme Modeli. Kent Akademisi 15:4, pages 1651-1669.
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Qiliang Xia & Feier Chen. (2022) Shipping Economics Development: A Review from the Perspective of the Shipping Industry Chain for the Past Four Decades. Journal of Shanghai Jiaotong University (Science) 27:3, pages 424-436.
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Basdekis Charalampos, Katsampoxakis Ioannis & Gkolfinopoulos Alexandros. (2022) VaR as a mitigating risk tool in the maritime sector: An empirical approach on freight rates. Quantitative Finance and Economics 6:2, pages 158-176.
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Totakura Bangar Raju, Pradeep Singh, Binod Singh & Pravin Jadhav. 2022. Intelligent Infrastructure in Transportation and Management. Intelligent Infrastructure in Transportation and Management 271 284 .
Xiwen Bai, Jasmine Siu Lee Lam & Astha Jakher. (2021) Shipping sentiment and the dry bulk shipping freight market: New evidence from newspaper coverage. Transportation Research Part E: Logistics and Transportation Review 155, pages 102490.
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Heng Xu, Binbin Tao, Yaqing Shu & Yafei Wang. (2021) Long-term memory law and empirical research on dry bulks shipping market fluctuations. Ocean & Coastal Management 213, pages 105838.
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Siti Marsila Mhd Ruslan & Kasypi Mokhtar. (2021) Stock market volatility on shipping stock prices: GARCH models approach. The Journal of Economic Asymmetries 24, pages e00232.
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Lucía Inglada-Pérez & Pablo Coto-Millán. (2021) A Chaos Analysis of the Dry Bulk Shipping Market. Mathematics 9:17, pages 2065.
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Abdullah AÇIK & Sadık Özlen BAŞER. (2021) Impact of Commodity Price on Freight Market Considering the 2008 Crisis: An Investigation of Iron Ore Price and Capesize Shipping RatesImpact of Commodity Price on Freight Market Considering the 2008 Crisis: An Investigation of Iron Ore Price and Capesize Shipping Rates. Deniz Taşımacılığı ve Lojistiği Dergisi 2:2, pages 62-71.
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Marcel Kyas, Joshua D. Springer, Jan Tore Pedersen & Valentina Chkoniya. 2021. Handbook of Research on Applied Data Science and Artificial Intelligence in Business and Industry. Handbook of Research on Applied Data Science and Artificial Intelligence in Business and Industry 381 400 .
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Jason Angelopoulos, Satya Sahoo & Ilias D. Visvikis. (2020) Commodity and transportation economic market interactions revisited: New evidence from a dynamic factor model. Transportation Research Part E: Logistics and Transportation Review 133, pages 101836.
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Kian Guan Lim, Nikos K. Nomikos & Nelson Yap. (2019) Understanding the fundamentals of freight markets volatility. Transportation Research Part E: Logistics and Transportation Review 130, pages 1-15.
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Zhongzhen Yang, Zhenfeng Jiang, Theo Notteboom & Hercules Haralambides. (2019) The impact of ship scrapping subsidies on fleet renewal decisions in dry bulk shipping. Transportation Research Part E: Logistics and Transportation Review 126, pages 177-189.
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Theo E. Notteboom, Francesco Parola & Giovanni Satta. (2019) The relationship between transhipment incidence and throughput volatility in North European and Mediterranean container ports. Journal of Transport Geography 74, pages 371-381.
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Hossein Jafari & Ghazaleh Rahimi. (2019) Forecasting dirty tanker freight rate index by using stochastic differential equations. International Journal of Financial Engineering 05:04, pages 1850034.
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Konstantinos Gavriilidis, Dimos S. Kambouroudis, Katerina Tsakou & Dimitris A. Tsouknidis. (2018) Volatility forecasting across tanker freight rates: The role of oil price shocks. Transportation Research Part E: Logistics and Transportation Review 118, pages 376-391.
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Junlin Liu & Feier Chen. (2018) Asymmetric volatility varies in different dry bulk freight rate markets under structure breaks. Physica A: Statistical Mechanics and its Applications 505, pages 316-327.
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Chang Beom Kim. (2018) Leverage Effect of HRCI Volatility and the Volatility Impact on Korean Export Container Volume before and after the Global Financial Crisis: Application of ARIMA-EGARCH and GIRF. The Asian Journal of Shipping and Logistics 34:3, pages 227-233.
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Wenming Shi, Kevin X. Li, Zhongzhi Yang & Ganggang Wang. (2016) Time-varying copula models in the shipping derivatives market. Empirical Economics 53:3, pages 1039-1058.
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Jason Angelopoulos. (2017) Time–frequency analysis of the Baltic Dry Index. Maritime Economics & Logistics 19:2, pages 211-233.
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Jason Angelopoulos. (2016) Creating and assessing composite indicators: Dynamic applications for the port industry and seaborne trade. Maritime Economics & Logistics 19:1, pages 126-159.
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Alexandros M. Goulielmos. (2017) The Myths about Forecasting, Business Cycles and Time Series, Which Prevent Economists to Forecast: With an Application to Shipping Industry. Modern Economy 08:12, pages 1455-1477.
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Feier Chen, Kang Tian, Xiaoxu Ding, Yuqi Miao & Chunxia Lu. (2016) Finite-size effect and the components of multifractality in transport economics volatility based on multifractal detrending moving average method. Physica A: Statistical Mechanics and its Applications 462, pages 1058-1066.
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Qingcheng Zeng, Chenrui Qu, Adolf K.Y. Ng & Xiaofeng Zhao. (2015) A new approach for Baltic Dry Index forecasting based on empirical mode decomposition and neural networks. Maritime Economics & Logistics 18:2, pages 192-210.
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Lixian Fan & Jingbo Yin. (2015) Analysis of structural changes in container shipping. Maritime Economics & Logistics 18:2, pages 174-191.
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Dimitris Gavalas & Theodore Syriopoulos. 2016. Sustainable Logistics and Strategic Transportation Planning. Sustainable Logistics and Strategic Transportation Planning 295 327 .
Xiaoxing Gong & Jing Lu. (2016) Volatility Spillovers in Capesize Forward Freight Agreement Markets. Scientific Programming 2016, pages 1-8.
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Lei Dai, Hao Hu & Di Zhang. (2015) An empirical analysis of freight rate and vessel price volatility transmission in global dry bulk shipping market. Journal of Traffic and Transportation Engineering (English Edition) 2:5, pages 353-361.
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Fred Espen Benth & Steen Koekebakker. (2015) Stochastic modeling of Supramax spot and forward freight rates. Maritime Economics & Logistics.
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Shun Chen, Hilde Meersman & Eddy van de Voorde. (2012) Forecasting spot rates at main routes in the dry bulk market. Maritime Economics & Logistics 14:4, pages 498-537.
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Timur OZER & Ismail Bilge CETIN. (2012) A Study on the Charter Type Choice of Turkish General Cargo and Drybulk Shipowners. The Asian Journal of Shipping and Logistics 28:2, pages 203-226.
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Jane Jing Xu, Tsz Leung Yip & Peter B. Marlow. (2011) The dynamics between freight volatility and fleet size growth in dry bulk shipping markets. Transportation Research Part E: Logistics and Transportation Review 47:6, pages 983-991.
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Steve Engelen, Payam Norouzzadeh, Wout Dullaert & Bahareh Rahmani. (2011) Multifractal features of spot rates in the Liquid Petroleum Gas shipping market. Energy Economics 33:1, pages 88-98.
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Ki-Young Choi & Yong-An Park. (2009) An inquiry on Korea’s shipping industry restructuring and policy to raise competitiveness. Journal of Shipping and Logistics 25:3, pages 487-507.
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Oral Erdogan & Muge Ozdemir. (2022) "The Effect of Bunker Prices on the Volatility Structure of Time Charter Market in Maritime Transport" International Conference on Finance, Bank & Economics (ICFBE-22), Madrid. SSRN Electronic Journal.
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Steve Engelen, Payam Norouzzadeh, Wout Dullaert & Bahareh Rahamani. (2009) Multrifractal Features of Spot Rates in the Liquid Petroleum Gas Shipping Market. SSRN Electronic Journal.
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