Research on Supply-Demand Relationship of World Crude Tanker Transportation

Wu, Jialu; Yang, Qiuping; Wang, Bin

doi:10.1109/icectt.2019.00081

Cited by 1 publication

(1 citation statement)

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“…In the tanker shipping market, Suezmax tankers plays an important role on Europe-Africa routes, West Africa-US routes, Middle East-China routes and other routes. In addition to VLCCs and other large tankers, these routes also have a huge demand for Suezmax tankers (Wu et al, 2019). Tanker freight rates are also susceptible to policies.…”

Section: Introductionmentioning

confidence: 99%

Influencing factors of crude oil maritime shipping freight fluctuations: a case of Suezmax tankers in Europe–Africa routes

Chen

Zhao

Xiong

et al. 2022

MABR

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PurposeThe paper aims to identify the contributors to freight rate fluctuations in the Suezmax tanker market; this study selected the refinery output, crude oil price, one-year charter rate and fleet development as the main influencing factors for the market analysis.Design/methodology/approachThe paper used the VEC (vector error correction) model to evaluate the degree of impact of each influencing factor on Suezmax tanker freight rates, as well as the interplay between these factors.FindingsThe conclusion and results were tested using the 20-year data from 1999 to 2019, and the methodology and theory of this paper were proved to be effective. Results of this study provide effective reference for scholars to find the law of fluctuations in Suezmax tanker freight rates.Originality/valueThis paper provides a decision-making support tool for tanker operators to cope with fluctuation risks in the tanker shipping market.

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Section: Introductionmentioning

confidence: 99%