The use of indices in the maritime transport sector

Karamperidis, Stavros; Jackson, Elizabeth; Mangan, D John

doi:10.1080/03088839.2013.776182

Cited by 8 publications

(5 citation statements)

References 4 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Recently, freight rate indices have received increasing scholarly attention. e Baltic Dry Index (BDI), the China (Export) Containerized Freight Index (CCFI), and the Shanghai Export Containerized Freight Index (SCFI) are considered the dominant market indicators for maritime shipping [15,31,32]. For example, Jiang et al [7] selected monthly freight rate data for ve branch routes of SCFI (Europe route, Persian Gulf route, Southeast Asia route, Taiwan route, and Hong Kong route) and used a VAR model to examine the interaction between export container freight rate and Shanghai export trade for each of these ve routes.…”

Section: Source Of Freight Rate Datamentioning

confidence: 99%

Container Freight Rates and International Trade Causality Nexus: Evidence from Panel VAR Approach for Shanghai and ASEAN-6 Countries

Ding

Wang

2022

Discrete Dynamics in Nature and Society

View full text Add to dashboard Cite

Container shipping drives the development of international trade, yet previous studies have not fully appreciated the possible bidirectional causal relationship between container freight rates and international trade. In the context of the “twenty-first Century Maritime Silk Road,” we use data on export container freight rates and import/export data from Shanghai to ASEAN-6 countries (Singapore, Vietnam, Thailand, Philippines, Malaysia, and Indonesia) from February 2017 to January 2020 and apply a panel VAR to explore the relationship between maritime transport costs and international trade in the container shipping market. We use the freight rate data are from the Southeast Asia Freight Index, which is used for the first time in an empirical study. The quality and reliability of the freight rate data allow this paper to better identify causal relationships. The results of the panel Granger causality test and the orthogonal impulse response function suggest a bidirectional causal relationship between freight rates and export trade; to further explain, an increase in export trade lowers export freight rates, but an increase in export freight rates hinders export trade, and a growth in import trade unidirectionally raises export freight rates. We believe that international trade may impact freight rates through economies of scale and trade imbalances.

show abstract

Section: Source Of Freight Rate Datamentioning

confidence: 99%

Container Freight Rates and International Trade Causality Nexus: Evidence from Panel VAR Approach for Shanghai and ASEAN-6 Countries

Ding

Wang

2022

Discrete Dynamics in Nature and Society

View full text Add to dashboard Cite

show abstract

“…Various indices are used in maritime transport to monitor the current situation, market behavior and possible future movements of the market. Also, these indices are used for future estimations by analyzing with various econometrics methods (Karamperidis et al, 2013). Different freight indices are developed for different maritime transport markets.…”

Section: Freight Indices In Container Transportmentioning

confidence: 99%

Information flow between revenue and stock exchanges: An empirical research on liner shipping companies

Açık

Kasapoğlu

Ayaz

2021

J. sustain. dev. transp. logist.

View full text Add to dashboard Cite

show abstract

“…Several indices are used to monitor the current market situation and market behavior. They are also used to estimate possible future movements of the markets in order to get a solid position against the risks (Karamperidis et al, 2013). These indices differ according to the markets they represent.…”

Section: Literature Reviewmentioning

confidence: 99%

Küresel Konteyner Navlun Endekslerinden Türkiye’deki Limanların Çıktısına Oynaklık Yayılımı

Açık

2019

Uluslararası Ekonomi Ve Yenilik Dergisi

View full text Add to dashboard Cite

The purpose of this study is to determine the relationship between the container freight rates and the volume of container handled at Turkish ports. To do this, causality in variance analysis is used which enables to determine the volatility spillover from global container freight indices, which are Shanghai Containerized Freight Index (SCFI) and China Containerized Freight Index (CCFI), to container volume handled in Turkish ports. The data set used in the study consists of 93 observations on a monthly basis covering the dates between November 2010 and July 2018. According to the results obtained, a significant volatility spillover has been only detected from the CCFI variable to the container volume. In addition, it has been found that the container volume in Turkish ports has reacted negatively to a positive shock in China container freight index. It is hoped that these results will help the port operators in the policy development stages by providing a leading indicator.

show abstract

The use of indices in the maritime transport sector

Cited by 8 publications

References 4 publications

Container Freight Rates and International Trade Causality Nexus: Evidence from Panel VAR Approach for Shanghai and ASEAN-6 Countries

Container Freight Rates and International Trade Causality Nexus: Evidence from Panel VAR Approach for Shanghai and ASEAN-6 Countries

Information flow between revenue and stock exchanges: An empirical research on liner shipping companies

Küresel Konteyner Navlun Endekslerinden Türkiye’deki Limanların Çıktısına Oynaklık Yayılımı

Contact Info

Product

Resources

About