The world bulk shipping market has been in a peak period since 2003, and this has lasted an incredibly long time considering that the markets are much more complex than before. This paper investigates the characteristics of volatility in dry bulk freight rates of different vessel sizes (capesize, panamax and handysize). The daily returns of freight rate indices of three different types of bulk …
Numerous studies about logistics strategies have been carried out but more often than not researchers have adopted a descriptive rather than a quantitative approach. The quantitative approach was addressed for the first time in 1987 and much of the work performed has been focused on North American based companies, thus creating a bias. Most studies have addressed product-oriented companies rath…