Assessment of interactions between factors and freight market in the dry bulk sector
The aim of this Thesis is to analyze the possible interactions between the Freight Market in the dry Bulk Sector and various Economic Factors. The Freight market will be represented by the Baltic Exchange Indexes. In this thesis Macroeconomic indicators like GDP and International Trade data as long as shipping indicators such as Average Haul, scraping prices, fuel prices, vessel’s operational speed, Shipbuilding Production etc. are considered as Economic factors. An analysis of the Four Shipping Markets and the supply and demand model will be used in an attempt to explain and assess the mechanisms which determine freight rates in a consistent way. Differences in freight rates across major dry bulk shipping routes and geographical distribution of shipping activities are also investigated. Statistical quantitative methods will be the main tool for the above approach. The data will be analyzed and possible correlation will be assessed. The analysis will be based on data from various sources (Clarksons, UNCTAD, OECD, etc). Furthermore, a software code will be developed in the fourth-generation programming language Matlab to assess the above analysis.