Title :
Econometrics Model Analysis of the Shipping Market Considering the Financial Crisis Influences
Author :
Tang Limin ; Sun Jiaqing ; Qi Shilong ; Wang Qingye ; Li Yongxin
Author_Institution :
Coll. of Transp. Manage., Dalian Maritime Univ., Dalian, China
Abstract :
The U.S. financial crisis makes the global economic show serious sliding trend. Highly international shipping market is hit heavily accordingly. Question is widely concerned that how long will the financial crisis effect to the shipping industry last. Based on theory of maritime economics, this article try to reveal the relation in quantity among international trade, supply and demand of shipping and then predict short run freight of future shipping market by establishing and solving econometrics model. The result shows that freight of shipping market in 2009 will fall further, so the situation of the surplus of transport capacity is hard to turn around in a short term. Related enterprises should formulate corresponding to the strategy to seize the opportunity to survive the crisis.
Keywords :
econometrics; freight handling; industrial economics; international trade; shipbuilding industry; ships; supply and demand; transportation; U.S financial crisis influence; econometrics model analysis; freight rate; international shipping market; international trade; maritime economics; shipping industry; supply-and-demand; transport capacity; Crisis management; Econometrics; Economic forecasting; Educational institutions; International trade; Marine vehicles; Predictive models; Sun; Supply and demand; Transportation;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
Electronic_ISBN :
978-1-4244-4639-1
DOI :
10.1109/ICMSS.2009.5305325
