The Impact of Introduction of Forward Freight Agreement on Spot Market

被引：0
|
作者：
Gong, Xiaoxing [1 ]
Lu, Jing [1 ]
机构：
[1] Dalian Maritime Univ, Transportat Management Coll, Dalian, Peoples R China
来源：
IEEE/SOLI'2008: PROCEEDINGS OF 2008 IEEE INTERNATIONAL CONFERENCE ON SERVICE OPERATIONS AND LOGISTICS, AND INFORMATICS, VOLS 1 AND 2 | 2008年
关键词：
Tanker FFA; Economic Indices; Volatility;
D O I：
10.1109/SOLI.2008.4682929
中图分类号：
TM [电工技术]; TN [电子技术、通信技术];
学科分类号：
0808 ; 0809 ;
摘要：
Purpose of this paper is to investigate the impact of introduction of tanker FFA (Forward Freight Agreements) on spot rates, choosing three routes (TD3, TD5 and TD7). This paper. applies the Stochastic Volatility (SV) models which consider the factors both Forward Freight Agreements and other economic indices. The parameters of SV models are estimated via the software package BUGS (Bayesian inference using Gibbs Sampling). According to analyze the economic insignificant of parameter in the models, and get the conclusion that there is some impact, introduction of tanker Forward Freight Agreements increasing the volatility of spot rates.
引用
收藏
页码：2352 / 2356
页数：5
相关论文
共 50 条
  • [41] Forecasting Spot Freight Rates using Vector Error Correction Model in the Dry Bulk Market
    Taib, C. M. I. C.
    Mohtar, Z., I
    [J]. MALAYSIAN JOURNAL OF MATHEMATICAL SCIENCES, 2018, 12 (02): : 235 - 254
  • [42] Optimizing freight rate of spot market containers with uncertainties in shipping demand and available ship capacity
    Wang, Yadong
    Meng, Qiang
    [J]. TRANSPORTATION RESEARCH PART B-METHODOLOGICAL, 2021, 146 : 314 - 332
  • [43] AIR FREIGHT GOES FORWARD
    不详
    [J]. ECONOMIST, 1963, 208 (12): : 1010 - &
  • [44] Spot Market Mechanism Design for the Electricity Market in China Considering the Impact of a Contract Market
    Zhang, Chen
    Yan, Wei
    [J]. ENERGIES, 2019, 12 (06)
  • [45] Maritime Freight Market
    Predoehl, A.
    [J]. ZEITSCHRIFT FUR NATIONALOKONOMIE, 1933, 4 (05): : 684 - 684
  • [46] The impact of macroeconomic surprises on spot and forward foreign exchange markets
    Simpson, MW
    Ramchander, S
    Chaudhry, M
    [J]. JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 2005, 24 (05) : 693 - 718
  • [47] Accuracy of forward freight agreements in forecasting future freight rates
    Kasimati, Evangelia
    Veraros, Nikolaos
    [J]. APPLIED ECONOMICS, 2018, 50 (07) : 743 - 756
  • [48] IMPACT ON MARKET INTRODUCTION OF NEW CHEMICALS
    BANNERMAN, DG
    [J]. ACS SYMPOSIUM SERIES, 1983, 213 : 7 - 22
  • [49] The Impact of Public Procurement System on Concentration of the Rail Freight Market in Poland
    Krawczyk, Grzegorz
    [J]. TRANSPORT DEVELOPMENT CHALLENGES IN THE TWENTY-FIRST CENTURY, 2016, : 31 - 38
  • [50] Impact Study of Carbon Trading Market to Highway Freight Company in China
    Chen, Li
    Zhang, Boyu
    Hou, Hanping
    Taudes, Alfred
    [J]. LTLGB 2012: PROCEEDINGS OF INTERNATIONAL CONFERENCE ON LOW-CARBON TRANSPORTATION AND LOGISTICS, AND GREEN BUILDINGS. VOL 1, 2013, : 347 - 353
12345