Abstract
This study is an empirical analysis of the effect on the ship prices due to changes in ocean freight rates in terms of demand. It consists of freight panel data (BDI, BHSI, BPI, BCI) for 14 years from 2008 when the financial crisis occurred to 2021 when abundant liquidity flowed into COVID-19, and bulk ship prices were for 5 years old and 10 years old of Handy, Panamax, and Cape ship. As a result of the Granger causality test, It was found that each freight affects the wire price in both directions, but BCI does not affect not only the Cape linear price but also other linear prices. This is presumed to be due to the fact that the number of Cape ship is significantly small, large size cargo collection is difficult, and that the charterer prefers long-term transportation contracts to secure the ships continuously, which should be studied in detail through follow-up research.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
