EconPapers    
Economics at your fingertips  
 

A gam assessment of quality premia in the dry bulk time-charter market

Sebastian Köhn and Helen Thanopoulou

Transportation Research Part E: Logistics and Transportation Review, 2011, vol. 47, issue 5, 709-721

Abstract: This paper revisits the hypothesis of a quality segmented charter market using dry bulk-Panamax time-charter rates from the shipping boom period of 2003-2007. Through generalized additive models (GAMs) the authors assess whether increasing awareness and regulation over time has brought about a change in charterers' perceptions. The results suggest that freight differentiation has become visible in booming markets with high freight rates. Controlling for contract specific effects such as place of delivery, charter length and number of days forward to delivery, as well as for vessel size and consumption, the paper quantifies quality related differences in physical dry bulk charter rates.

Keywords: Freight; rates; Quality; market; segmentation; Bulk; shipping; Panamax; Time-charters; GAMs (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1366554511000068
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:transe:v:47:y:2011:i:5:p:709-721

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600244/bibliographic
http://www.elsevier. ... 600244/bibliographic

Access Statistics for this article

Transportation Research Part E: Logistics and Transportation Review is currently edited by W. Talley

More articles in Transportation Research Part E: Logistics and Transportation Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-19
Handle: RePEc:eee:transe:v:47:y:2011:i:5:p:709-721