Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1023821 | Transportation Research Part E: Logistics and Transportation Review | 2011 | 13 Pages |
Abstract
This paper revisits the hypothesis of a quality segmented charter market using dry bulk-Panamax time–charter rates from the shipping boom period of 2003–2007. Through generalized additive models (GAMs) the authors assess whether increasing awareness and regulation over time has brought about a change in charterers’ perceptions. The results suggest that freight differentiation has become visible in booming markets with high freight rates. Controlling for contract specific effects such as place of delivery, charter length and number of days forward to delivery, as well as for vessel size and consumption, the paper quantifies quality related differences in physical dry bulk charter rates.
Keywords
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Sebastian Köhn, Helen Thanopoulou,