Can time charters fixtures be seen as a good predictor of the future freight rates
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Keywords
Χρονοναυλώσεις ; Προβλέψεις ; Ναύλωση και ναύλος ; Ναυλαγορά ; Freight ; HireAbstract
Prediction of future rates considered of paramount importance in economic instability
that exists worldwide. The issue addressed by this paper is to answer the question
whether the rates of charter could predict future rates on the spot market. This research
aims to clarify the above questions based on historical data. In the meanwhile, the
majority of the publicly available international and Greek bibliography was reviewed.
Expanding the research framework, it was evident the effort to compare daily charter
rates and equivalent spot market rates.