| Summary |
Nsuen-Hua Lu, 2008.06
Department of Transportation Technology and Management National Chiao Tung University
The shipping enterprise is the industry with intensive capital, and the freight rates and the charter hires are high uncertainty and high risk of the marine markets. Dry-bulk shipping markets are close to perfect competitive market. The changes of the freight rates and the charter hires are influenced by many unpredictable factors. This paper tries to discuss the factors of freight rates on dry-bulk shipping market, For example, the supply and demand on dry-bulk shipping market will change the freight rates. The steel price and the Australia congestion index will change the freight rates and so on…and do a narrative discussion for the major factors of the freight rates. In this study, regression model is the main tool to analyse the major factors of the freight rates on dry-bulk shipping market, beside the major factors, this study still put the global GDP and the GDP of china in the regression model. Conclusion, the study finds out the GDP of china influence the freight rates on dry-bulk shipping market, but the influence of the grain price and the crude oil price are not apparent. |
