We show that demand shocks have a greater effect on real freight rates compared to supply (fleet) shocks both historically and on impact. By contrast, supply shocks have a larger impact on net contracting activity when compared to demand shocks. This paper disentangles for the first time demand and supply shocks driving shipping freight markets and assesses their impact on net contracting activity, a key measure of shipping investments. In the process, we construct novel indices of demand for shipping transportation. Policy-related issues are quantified through drawing forecast scenarios for the response of real freight rates to unexpected demand and supply changes. (R41), (E32).


    Zugriff

    Zugriff prüfen

    Verfügbarkeit in meiner Bibliothek prüfen

    Bestellung bei Subito €


    Exportieren, teilen und zitieren



    Titel :

    Disentangling demand and supply shocks in the shipping freight market: their impact on shipping investments


    Beteiligte:

    Erschienen in:

    Erscheinungsdatum :

    04.07.2023


    Format / Umfang :

    19 pages




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Unbekannt




    Are there bubbles in the shipping freight market?

    Su, Chi-Wei / Wang, Kai-Hua / Shao, Qi et al. | Taylor & Francis Verlag | 2019


    Research and Analysis of International Shipping Market Freight Index

    Chen, Jinyi / Abdullah, Muhammad Ghazanfar | ASCE | 2019


    DESIGNING CONTAINER SHIPPING NETWORK UNDER CHANGING DEMAND AND FREIGHT RATES

    Chen, C. / Zeng, Q. | British Library Online Contents | 2010


    Seasonality patterns in the container shipping freight rate market

    Yin, Jingbo / Shi, Jinhao | Taylor & Francis Verlag | 2018


    Designing container shipping network under changing demand and freight rates

    Chao Chen / Qingcheng Zeng | DOAJ | 2010

    Freier Zugriff