caa a22 4500 445890509 CHVBK 20180317145614.0 cr unu---uuuuu 170323e20110501xx s 000 0 eng 10.1007/s11116-010-9308-7 doi (NATIONALLICENCE)springer-10.1007/s11116-010-9308-7 Microeconomic determinants of dry bulk shipping freight rates and contract times [Elektronische Daten] [Amir Alizadeh, Wayne Talley] While the literature has established macroeconomic determinants of shipping freight (charter) rates, there has been no systematic investigation of the microeconomic determinants of shipping freight rates. Therefore, the purpose of this paper is to investigate microeconomic determinants of freight rates in the dry bulk shipping market, using a large sample of individual dry bulk charter contracts from January 2003 to July 2009. Differences in freight rates across major dry bulk shipping routes, the geographical distribution of shipping activities around the world, and the duration of the laycan period of shipping contracts are also investigated. Estimated results suggest that the laycan period and dry bulk freight rates are interrelated and determined simultaneously. Furthermore, vessel deadweight, age and voyage routes are important determinants of dry bulk shipping freight rates, while determinants of the laycan period of chartered vessels include vessel age, freight rate level, and freight rate volatility. Springer Science+Business Media, LLC., 2010 Freight rate nationallicence Shipping nationallicence Dry bulk nationallicence Laycan nationallicence Simultaneous equations nationallicence Alizadeh Amir Cass Business School, City University, EC1Y 8TZ, London, UK aut Talley Wayne College of Business and Public Administration, Old Dominion University, 23529, Norfolk, VA, USA aut Transportation Springer US; http://www.springer-ny.com 38/3(2011-05-01), 561-579 0049-4488 38:3<561 2011 38 11116 https://doi.org/10.1007/s11116-010-9308-7 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11116-010-9308-7 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Alizadeh Amir Cass Business School, City University, EC1Y 8TZ, London, UK aut NATIONALLICENCE 700 1- Talley Wayne College of Business and Public Administration, Old Dominion University, 23529, Norfolk, VA, USA aut NATIONALLICENCE 773 0- Transportation Springer US; http://www.springer-ny.com 38/3(2011-05-01), 561-579 0049-4488 38:3<561 2011 38 11116 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer