Analysis of Term Structure in Dry Bulk Freight Market

Ko, Byoung-Wook

doi:10.1016/j.ajsl.2013.05.001

Cited by 7 publications

(2 citation statements)

References 22 publications

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“…Alternative approaches who have considered judgmental forecasting in addition to statistics models or used time-varying coefficient models have used these methods in comparing the Baltic Dry Bulk Index (BDI) (Duru andYoshida 2009, 2011;Ko 2013). These studies have concluded that expectation formation in the shipping market is not well incorporated into present BDI.…”

Section: Technical Analysis and The Psychology Of Freight Rates Litermentioning

confidence: 99%

Technical analysis: the psychology of the market of dry bulk freight rates

et al. 2020

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Financial technical analysis of markets and trends differs from fundamental analysis in that econometrics are used on “fundamental” economic data in fundamental analysis. Technical analysis, however, adds to the overall trend analysis an additional examination of the psychology of markets. For freight rate predictions, there has been an exclusive reliance on typical fundamental analysis. Our results indicate that adding technical analysis to freight rate prediction can provide a better overall result. Psychological forces such as “irrational exuberance” or severe bearishness can influence trend predictions making them at best incomplete and at worst inaccurate for predicting the demand for shipping services. Further, ship construction decisions use freight rate predictions. In this paper, we perform a 20-year technical analysis of the BDI/Baltic Dry Index (formerly BFI/Baltic Freight Index) This analysis is a better, richer evaluation of freight rate trends that influence ship construction. Furthermore, technical analysis requires specific in-depth knowledge of the psychology of the market and experience in this type of trend analysis.

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Section: Technical Analysis and The Psychology Of Freight Rates Litermentioning

confidence: 99%

Technical analysis: the psychology of the market of dry bulk freight rates

et al. 2020

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“…A container is normally drayed to an intermodal terminal or a marine terminal for export once filled at the consignor's premises. Once it is off hired by an ocean carrier, empty containers can also attain storage depots and can temporarily be stored before overseas repositioning takes place (Ko 2013).…”

Section: Imbalance Of Tradementioning

confidence: 99%

An Analysis of Price Disparity: Peninsular Malaysia and Sabah

2020

JEM

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This study examines the price differences between Peninsular Malaysia and Sabah from 2004 using quantitative and qualitative methods. For quantitative research, we employ disaggregate monthly consumer price indices for nine types of goods and services. Based on the Johansen co-integration test, the results reveal that the long-run relationship only exists for transport group. The findings using Granger pair-wise causality test indicated that the prices in Peninsular Malaysia do not determined the price in Sabah. Qualitative research was further conducted via interviews with stakeholders of shipping providers, port authority, government and special interest group show that the price disparity between Peninsular Malaysia and Sabah occurred due to trade imbalance, sluggish economic activities, poor accessibility between port and retailers, insufficient infrastructure and technical facilities and political sentiment.

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