An Analysis of the Effective of Listed tramp Shipping Company between Baltic Dry Index and Steel Price Index

• Main Authors: Yi-Shiou Fang, 方怡琇
• Other Authors: Ming-Tao Chou
• Language: zh-TW
• Published: 2010
• Online Access: http://ndltd.ncl.edu.tw/handle/79af6w

碩士 === 長榮大學 === 航運管理學系碩士班 === 98 === The bulk shipping’s main cargo are raw materials, hence the structural changes in supply and demand will influence the performance of the overall bulk shipping market. We usually use the Baltic Dry Index (BDI) to represent the movement of bulk shipping market, analyze the current situation, and determine the fate of the bulk shipping boom. In this article, we apply VARMA to analysis the effective of listed tramp shipping company between BDI and steel price index. In this paper we reach three results. The first result reveals that the VARMA (2, 1) has the best RMSPE between listed tramp shipping company and steel price index. No-unique models exist between BDI and steel price index in the second result. Finally, we show the effect relation of listed tramp shipping company between BDI and steel price index. This research is intended to provide bulk shipping market participants with new direction for entering or exiting bulk shipping market.