AN ECONOMETRIC ANALYSIS OF THE IMPACT OF VESSEL SIZE ON WEEKLY TIME CHARTERS: A STUDY IN VOLATILITY (PANAMAX AND CAPE)

Alexandros Goulielmos

Articles, 2013, vol. 40, issue 1

Abstract: This paper studies the impact of size of vessel on : (1) performance under time charters of 1 and 3 years, (2) the long term volatility/risk experienced in vessel’s income stream and (3) vessel’s performance after the crisis at the end of 2008. The tested hypothesis was : ‘The bigger the vessel, the higher the risk’. Vessels compared were Panamax and Cape. The results indicate – contrary to what was expected – that risk was lower for Capes and ‘The longer the charter, the less the risk’. These results, which are in conflict with both past and recent academic research, conform, we believe, with the reality of charter markets.

Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:jte:journl:2013:1:40:2

Access Statistics for this article

More articles in Articles from International Journal of Transport Economics
Bibliographic data for series maintained by Alessio Tei ().