A predictive model of the freight rate of the international market in capesize dry bulk carriers

Ching Chih Chang, Chin Yuan Hsieh, Yung Chih Lin

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

This study examines the considerable fluctuations of the world's dry bulk shipping market from November 1995 to September 2008. The major objective is to provide a forecasting model for the freight rate in relation to the second-hand ship price. The results indicate an acceptable level of prediction according to Mean Absolute Percentage Error (MAPE), with a value no more than 20%. It is anticipated that this research will prove germane to major stakeholders, including owners, charters, investors and bankers, by forecasting the freight rate and thereby expediting the decisionmaking process.

Original languageEnglish
Pages (from-to)313-317
Number of pages5
JournalApplied Economics Letters
Volume19
Issue number4
DOIs
Publication statusPublished - 2012 Mar 1

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Fingerprint Dive into the research topics of 'A predictive model of the freight rate of the international market in capesize dry bulk carriers'. Together they form a unique fingerprint.

  • Cite this