Roar Adland

TL;DR: In this article, the authors investigate the dynamics of the freight rate in the oil transportation markets using a general non-parametric Markov diffusion model, and they show that the spot freight rate is mean reverting only in the extremes of the empirical range and that the volatility of freight rate changes with the level of freight rates.

TL;DR: In this article, the authors evaluate the potential reduction in fuel consumption and emissions from the implementation of a Virtual Arrival policy in a global context based on ship position data from the Automated Identification System (AIS).

TL;DR: In this article, the authors developed a flexible framework for the estimation of the fuel consumption-speed curve for ships which allows for speed-dependent elasticity with endogenous thresholds, using a large dataset of noon reports for 16 crude oil tankers, and estimate the corresponding elasticities net of weather effects.

TL;DR: In this paper, the applicability of the expectations theory in bulk shipping freight markets is shown to be time varying and must, in a systematic fashion, depend upon freight market conditions and the duration of a period time charter.