Analysis About The European Shipping And Payment Trends 1975 – 2015

Ionescu Gr. Ion ()

Knowledge Horizons - Economics, 2016, vol. 8, issue 2, 63–67

Abstract: In shipping, more than in other economic sectors, changing trends are very frequent, because of the specific dynamic of markets. The freight rates and second hand prices in the dry bulk market seem to be stationary. This result is in contrast to the findings of a number of papers. However, the results confirm that classical shipping market was stationary in freight rates, which is not the case, if the freight rates followed a random walk. By transforming, all observations, from US$, to Japanese yen, showed that freight rates and prices saw to become stationary and volatility, reduced.

Keywords: Shipping; market; price; transport; perspective (search for similar items in EconPapers)
JEL-codes: L91 M15 M16 (search for similar items in EconPapers)
Date: 2016
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