Η επίδραση των γεωπολιτικών κρίσεων και των τιμών του πετρελαίου στις τιμές των ναύλων των δεξαμενοπλοίων

Κουρουνιώτη, Ελένη

The impact of geopolitical crisis and oil prices on tanker ship freight rates

Master Thesis

Author

Κουρουνιώτη, Ελένη

Date

2025-04

Abstract

Geopolitical crises, as well as significant changes in oil prices, are two significant factors that can have a decisive influence on tanker freight market. Geopolitical fluctuations such as 9/11, the existence of ISIS and Houthi, the war Russia-Ukraine, the conflicts in the Middle East (Gaza Strip, Yemen, Lebanon) and even the geopolitical risks associated with the emergence of the BRICS, the United States presidential elections and the election of Donald Trump are creating new conditions in global trade and shipping. This thesis will investigate the impact of geopolitical risks and oil price shocks on tankers freight rates from January 2010 until February 2025, using Vector Autoregressive (VAR) models. The contribution of this thesis to the literature is significant as it will shed light on the relationship between geopolitical and economic crises and fluctuations in shipping and in particular in tanker freight rates. The findings of this study reveal a differentiated response of tanker freight rates to changes in WTI spot oil prices and geopolitical crises. Specifically, oil price shocks appear to have a stronger impact on the freight rates of large crude oil tankers, while geopolitical risks exert a more significant influence on the freight rates of smaller product tankers. The study of freight rate determination maintains an influential role both in research and in the implementation of effective shipping-related strategies.

Postgraduate Studies Programme

ΔΠΜΣ στη Διοίκηση στη Ναυτική Επιστήμη και Τεχνολογία

Department

Σχολή Ναυτιλίας και Βιομηχανίας. Τμήμα Ναυτιλιακών Σπουδών

Corporate Department

Σχολή Ναυτικών Δοκίμων

Number of pages

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/17711

Collections

Τμήμα Ναυτιλιακών Σπουδών

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Except where otherwise noted, this item's license is described as
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα