Investigating the cyclical behaviour of the dry bulk shipping market

Cyclical behaviour in the shipping market was investigated, for the first time, using Fourier analysis to extract cycle frequency information from data which have been Hodrick–Prescott filtered; in this case, dry freight earnings data. An industry rule of thumb asserts that shipping cycles last 7 years, but using a sample of daily dry charter earnings over a 21-year period, a prominent 4-year shipping cycle in the dry bulk sector is found, with a longer 7-year cycle superimposed. A better understanding of the shipping cycle will facilitate investment, since timing has been identified as a principal decision-driver.

• Record URL:
  • https://doi.org/10.1080/03088839.2013.780216
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/2899960
• Supplemental Notes:
  • Abstract reprinted with permission of Taylor & Francis.
• Authors:
  • Chistè, Claudio
  • van Vuuren, Gary
• Publication Date: 2014-1

Language

• English

Media Info

• Media Type: Print
• Features: Figures; References; Tables;
• Pagination: pp 1-19
• Serial:
  • Maritime Policy & Management
  • Volume: 41
  • Issue Number: 1
  • Publisher: Taylor & Francis
  • ISSN: 0308-8839
  • EISSN: 1464-5254
  • Serial URL: http://www.tandfonline.com/loi/tmpm20

Subject/Index Terms

• TRT Terms: Business cycles; Dry bulk cargo; Economic analysis; Fourier analysis; Markets; Shipping
• Subject Areas: Economics; Freight Transportation; Marine Transportation; I10: Economics and Administration;

Filing Info

• Accession Number: 01518688
• Record Type: Publication
• Files: TRIS
• Created Date: Mar 20 2014 1:39PM