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

fYear

2009

fDate

20-22 Sept. 2009

Firstpage

1

Lastpage

4

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;

fLanguage

English

Publisher

ieee

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

Type

conf

DOI

10.1109/ICMSS.2009.5305325

Filename

5305325