Market analysis iron ore & coal and econometric analysis on Baltic Capesize Index
Ματσόπουλος, Θεοφάνης Π.
The capesize vessel is considered by shipowner's,operators, charterers and shipping stakeholders as the most risky and the most volatile market of the dry bulk sector. The two many commodities that are transported with these vessels are coal and iron ore. This project aims to describe in depth the market of these two commodities in order to understand their trade routes. These trade routes are also the trades that our examined vessel category operates. From these trades carefully selected variables are selected and they are examined in order to attempt to give a purely quantitative model that can be used in many ways and of course the most important: the prediction of future fluctuation of the Baltic Capesize Index. It is well known that the BCI is the index that reflects the daily revenues for capesize vessels. In the end conclusions regarding each of the variables have been presented.