Μελέτη της συμπεριφοράς του ναυλοδείκτη bfa - panamax και καθορισμός των παραγόντων που προσδιορίζουν την εξέλιξή του

Master Thesis
Author
Μαρινάκη, Ειρήνη Ι.
Date
2012-04-02View/ Open
Subject
Ναύλωση και ναύλος ; Ναυτιλιακή οικονομική ; Ναυτιλία -- Στατιστική ; Παράγωγα (Χρηματοοικονομική) ; Ανάλυση χρονολογικών σειρών ; Ανάλυση παλινδρόμησης ; Bulk carrier cargo shipsAbstract
This thesis examines the freight index BFA-PANAMAX which is a shipping derivative of BPI index and depicts the spot market of transportation of bulk cargo as well as the expectations of its development in the future. Using this derivative index, ship owners, charterers and traders has enabled to hedge their exposure to the spot freight market. The scope of this study was to investigate the behavior of the BFA-PANAMAX index using time series analysis and econometrical models in order to determine the factors which influence its development. Finally, a five period forecast has been implemented for the price of the derivative based on the estimated econometrical models.