Curtin University Homepage
  • Library
  • Help
    • Admin

    espace - Curtin’s institutional repository

    JavaScript is disabled for your browser. Some features of this site may not work without it.
    View Item 
    • espace Home
    • espace
    • Curtin Research Publications
    • View Item
    • espace Home
    • espace
    • Curtin Research Publications
    • View Item

    An empirical model of the bulk shipping market

    Access Status
    Open access via publisher
    Authors
    Lun, V.
    Quaddus, Mohammed
    Date
    2009
    Type
    Journal Article
    
    Metadata
    Show full item record
    Citation
    Lun, Y.H. Venus and Quaddus, Mohammed A. 2009. An empirical model of the bulk shipping market. International Journal of Shipping and Transport Logistics. 1 (1): pp. 37-54.
    Source Title
    International Journal of Shipping and Transport Logistics
    DOI
    10.1504/IJSTL.2009.021975
    ISSN
    1756-6525
    School
    Graduate School of Business
    URI
    http://hdl.handle.net/20.500.11937/6980
    Collection
    • Curtin Research Publications
    Abstract

    There are four markets in shipping, namely the freight market that trades sea transport, the second-hand market that trades used ships, the new building vessel market that trades new ships and the demolition market that deals with scrap ships. These four shipping markets are closely associated. This study aims to provide insights into the four shipping markets and to explain how these markets affect one another by empirically testing the relationships among the key variables of bulk shipping – prices of ships (in new building market, second-hand market and demolition market), fleet size, freight rate, and seaborne trade. The study results show that seaborne trade significantly affects fleet size, while fleet size is also affected by freight rate. On the other hand, freight rate has a significant impact on ship prices, i.e., new building, second-hand and scrap vessel prices. Based on the findings, a regression equation is developed to predict fleet size. Theoretical and practical implications of the bulk shipping market model are also discussed in this study.

    Related items

    Showing items related by title, author, creator and subject.

    • Maritime Supply Chain Security in the Indo-Pacific Region: Threats and Policy Implications for National Security and Resilience
      Nguyen, Hong-Oanh; Van Balen, Michael; Ingram, Aaron; Hurd, Stephen; Chheetri, Prem; Thai, Vinh; Warren, Matthew; Booi, Kam; Oloruntoba, Richard (2022)
      By volume, about 99% of Australia’s trade is carried by sea mainly through the Indo-Pacific region. Australia currently imports 90% of liquid fuel from other countries, primarily Japan, Korea and Singapore. Global shipping ...
    • Understanding connectivity to international markets: a systematic review
      Calatayud, A.; Palacin, R.; Mangan, J.; Jackson, Elizabeth; Ruiz-Rua, A. (2016)
      Improving freight connectivity is increasingly a topic at the centre of the international trade and transport policy agendas. An examination of available documents and studies in both the policy-making and the academic ...
    • Determinants of United States’ Vertical and Horizontal Intra-Industry Trade
      Thorpe, Michael; Leitao, Nuno (2013)
      This paper investigates bilateral intra-industry trade between the United States and its major trading partners over the period 1995–2008. Intra-industry trade (IIT) is decomposed into horizontal (HIIT) and vertical (VIIT) ...
    Advanced search

    Browse

    Communities & CollectionsIssue DateAuthorTitleSubjectDocument TypeThis CollectionIssue DateAuthorTitleSubjectDocument Type

    My Account

    Admin

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    Follow Curtin

    • 
    • 
    • 
    • 
    • 

    CRICOS Provider Code: 00301JABN: 99 143 842 569TEQSA: PRV12158

    Copyright | Disclaimer | Privacy statement | Accessibility

    Curtin would like to pay respect to the Aboriginal and Torres Strait Islander members of our community by acknowledging the traditional owners of the land on which the Perth campus is located, the Whadjuk people of the Nyungar Nation; and on our Kalgoorlie campus, the Wongutha people of the North-Eastern Goldfields.