The assessment of market efficiency in the shipping sector: a new approach

George Dikos and Nikos Papapostolou ()

Maritime Policy & Management, 2002, vol. 29, issue 2, 179-181

Abstract: The aim of this paper is to use an alternative measure of the efficiency of the different shipping industries, i.e. VLCC/ULCC (250000dwt), Suezmax (140000dwt), Aframax (80000dwt), which are the main carriers of crude oil, and Handymax (40000dwt), which carries the vast majority of clean (oil) products. The results of the theoretical analysis confirm that, under pure expectations theory, the larger vessels demonstrate higher volatility, as measured by the standard deviation, than the smaller vessels, thereby supporting the proposition that period freight rates do indeed appear to be perfect foresights of the future spot rates.

Date: 2002
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/03088830110086347 (text/html)
Access to full text is restricted to subscribers.

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:taf:marpmg:v:29:y:2002:i:2:p:179-181

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/TMPM20

DOI: 10.1080/03088830110086347

Access Statistics for this article

Maritime Policy & Management is currently edited by Dr Kevin Li and Heather Leggate McLaughlin

More articles in Maritime Policy & Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().