Liner freight rates,discrimination and cross-subsidization

This paper reviews some of the current literature concerning liner freight rates. While upholding the traditional basis for the establishment of freight rate structures it disputes some of the arguments that discrimination or differential pricing policies lead to cross-subsidization of low rated by higher rated cargoes.     

航运企业如何运用期货来避免市场风险

从航运市场的价格波动会给船东及货主带来经营中的不确定性入手,分析了运费期货市场。并通过典型案例论证了船东及货主都能利用BIFFEX的期货交易,或锁定运费收入,或锁定运费支出,从而达到规避运价风险的目的。     

基于货运强度变化规律的货运量预测方法

目前我国部分地区货运量统计数据存在收集不全、统计口径不一致及社会经济环境变化大等问题,导致常规的时间序列预测法和回归预测法难以在这些地区应用。鉴于此,分析了国内外货运强度变化的规律,指出人均GDP和第三产业所占比例是影响货运强度的主要因子,提出了通过模糊聚类方法对地区货运发展阶段进行定位,找出其发展阶段所对应的货运强度值,进而提出依据人均GDP和第三产业所占比例进行货运量预测的方法。最后对邢台市的货运量预测进行了实证研究。     

传统货运代理业向物流领域发展的对策研究

针对我国传统货运代理业服务方式单一、生存空间受到严峻挑战的现状,提出了货运代理企业向物流领域进军的发展对策。     

港口吞吐量概率预测模型研究

为了模拟港口重叠腹地货运流向情况,并对新建港口吞吐量进行合理预测,引入了概率交通方式预测模型并对其进行改进,且在此基础上建立了负指数货运量概率预测模型。将该模型应用于徐州地区新建港区的货运量分析,预测结果表明新模型具有一定的实用性,可以为港口规划和建设规模的确定提供重要参考。     

Tanker forward freight agreements: the future for freight futures?

Since paper freight-hedging tools were introduced to counter volatile tanker freight rates, the hesitant uptake of tanker Forward Freight Agreements (FFAs) has been attributed to traditional risk seeking propensities amongst tanker owners, naturally reluctant to hedge against risk. To test how far the well-documented generic determinants and incentives for corporate hedging could explain this hesitation in the tanker market, the attitudes of tanker owners and charterers towards freight hedging, risk and perceptions of FFAs, were surveyed. Although FFAs were widely viewed as an important development, some respondents were unaware of their function and a majority had not used them. The link between freight hedging activity and participants' risk aversion was not clear-cut, but with market liquidity critical to raising FFA usage improved technical education is essential to widespread acceptance     

谈小型油船利用双层底舱装运货油违章行为处置

文中分析了部分小型油船利用双层底舱装运货油为多赚运费的违章行为,指出了违章原因,并提出了相应的建议。     

航运市场运费套期保值方法探讨

分析研究了2种运费套期保值方法远期运价协议和运价指数期货合约，通过典型案例论证了租船人和船东都能利用这2种方法，锁定运费收入或支出，从而规避运价风险的目的；同时对这2种方法进行了分析比较，指出运价指数期货合约具有灵活性且安全的特点，但二者费用有差异，运价指数期货合约需要一定的保证金，实际费用等于经纪人的佣金(通常为0．3％)加上现金保证金的利息。     

中日班轮航线运价问题研究

通过中日航线的集装箱运价指数与中韩航线对比,反映中日航线实际运价状况,以市场集中度测算反映市场结构特点。中日航线的市场结构呈现低集中度特点,这决定了在市场竞争程度较高,在服务产品同质性较高的条件下,价格成为主要的竞争手段,中日航线运价水平整体上处于正常状态。政府主管机关对运价的监管涉及运价水平、稳定性、运价的合理构成以及暗中回扣等问题,运价的合理构成和暗中回扣应是重点规范的领域,有必要考虑运价报备制度的价值。     

长江上游涪陵至丰都段航道水运量分析预测

涪陵至丰都河段是联系长江上游与中下游的重要运输通道,水运量分析预测对该段航道的建设规划具有重要意义。提出采用长江干线主要港口进出港货运数据,基于港口和航道的位置关系来统计航道水运量及流向等。结果表明该河段水运量从2000年的1 241万t增长到2016年的1. 604 4亿t,上下行水运量占比分别为66%和34%,贡献了三峡过闸货运量的94%,矿建材料、矿石、钢材、煤炭、石油和集装箱等主要货种占水运量的73%。提出采用回归分析法、弹性系数法、指数平滑法和投入产出法分别考虑腹地GDP、产业结构、运输结构等多因素对水运量的影响。预测表明:工程河段水运量呈持续增长趋势,但增长速度逐步减缓,2045年水运量达到3. 233 3亿t,主要货物水运量占总水运量的86%。水运量分析预测方法和结果可为航道的建设规划提供支撑。     

Market efficiency in the bulk freight market revisited

Given that the freight rate is the price of a transportation service that cannot be traded or stored; the traditional form of the efficient market hypothesis (EMH) does not apply to the freight rate price process. However, the notion of market efficiency still applies in the freight market. In particular, under the hypothesis that the market is semi-strong-form efficient, it should not be possible to make excess profit by taking chartering positions in the freight market based on public information such as past levels of the spot freight rate or the shape of the term structure of freight rates. This paper contributes to the literature by proposing an alternative test of market efficiency in the bulk freight market. We utilize technical analysis based on the history of spot freight rates and investigate the profitability of such chartering strategies for a tanker operator. The chartering decisions are based on identification of the peaks and troughs in the freight market cycles using kernel smoothing of the spot freight rate history. The empirical results suggest that a large tanker operator (e.g. a pool) could have achieved significant profits without investing in ships by trading on such information, although this does not hold in the most recent subset of the sample.     

近年世界油运市场的发展与趋势

总结了近年世界石油海运市场的需求、供给、发到船量与运价的发展趋势,对中国油运船队的发展提出一些看法。     

我国国际货运代理责任保险探讨

近年来,随着国家经济和对外贸易的迅速增长,国际货运代理业在市场竞争中得到迅速发展。国际货运代理市场的全面对外开放给国际货运代理业带来了发展的机遇,但随之而来的是激烈的竞争和难以预测的风险。国际货运代理责任保险制度作为防范和规避国际货运代理风险和责任的有效制度在西方发达国家已极度盛行,而在我国却甚少有人问津。因此,本文从国际货运代理和责任保险的基本概念出发,联系我国国际货运代理责任保险的现状,对国际货运代理责任保险制度在我国的设立作了简单的论述。     

航道货运量预测方法及其应用

为了精确预测航道未来货运量需求,克服传统预测方法无法实现复杂非线性拟合的缺点,分析了航道货运量的影响因素,探讨了遗传规划方法在航道货运量预测问题上的应用.根据遗传规划巾复制、交换、变异等进化方式,建立了基于遗传规划的航道货运量预测模型.以江苏省连申线苏北段历年货运量及区域经济发展状况为样本,采用遗传规划方法自动找出货运量随时间变化的规律,并对未来货运量进行了预测.结果表明,本箅法的计算相对误差很小,预测结果合理可信,且优于常用的回归预测,为解决航道货运量等非线性系统预测提供了一条新的途径.     

Rail and multi-modal transport

This paper elaborates on the definitions of inter and multi-modal transport, as well as their differences in terms of performance. A survey of the barriers, both internal and external, to an efficient intermodal transport is included followed by an analysis of the advantages and disadvantages of combining rail transport with the other transport modes. Transhipment technologies for efficient freight service and some examples of freight rail corridors between sea and inland terminals are presented. The integration between air and rail transport is discussed and the potential synergies between air and high-speed rail services are emphasised. The paper concludes with a discussion on energy use for sustainable rail performance.     

Some current aspects of marketing in the near-sea ferry and liner trades with particular reference to the lrish Sea

The marketing of ferry services has almost unique characteristics but little literature exists in this field. This paper is the result of a preliminary investigation, based on a series of interviews, into some current aspects of marketing on the Irish Sea. The study considers three services types: container; freight only; ro-ro and multi-purpose ro-ro.

The complementarity, or otherwise, of carrying passengers and freight together is debated, as is the organizational conflict or confusion that may arise from this type of operation. The need to adopt different marketing strategies in the freight and passenger markets is derived from consumers' different buying behaviours. The sometimes contentious relationship between product differentiation and market segmentation strategies is explored and definitions provided. Both market coverage and specialization strategies are found in the ro-ro industries and the more competitive segments are identified. Using 'purpose of travel' as the basis for segmentation, potential growth segments of the passenger market are identified. The marketing strategies employed by the freight industry are less apparent, although segmentation does seem to play a major role in the identification of target markets.

The study indicates the extent to which shipping companies on the Irish Sea have adopted the marketing concept and that scope still exists for them to make greater use of this fundamental business philosophy.     

The study on the compilation of the China container freight index

Although there exists many kinds of shipping freight indexes, the compilation of a container freight index is still not shown. As such, this paper has taken a further study on the compilation of the China container freight index, which includes selection of calculation formula, determination of freight type, the choice of samples of shipping lines and rules of revision of the index.     

The study on the compilation of the China container freight index

Although there exists many kinds of shipping freight indexes, the compilation of a container freight index is still not shown. As such, this paper has taken a further study on the compilation of the China container freight index, which includes selection of calculation formula, determination of freight type, the choice of samples of shipping lines and rules of revision of the index.     

Monetary values of transport service attributes: land versus maritime ro-ro transport. An application using adaptive stated preferences

The objective of this work is that of illustrating a methodology to derive, in terms of trade-offs, the relative values of transport service attributes for logistics operators. In particular, the analysis yields insights on the preferences for time-savings, frequency and reliability of the transport service in terms of price, of a sample of freight forwarders located in the South of Italy. The data is gathered using an Adaptive Stated Preference application and the estimates are obtained through a Tobit ML estimator on both company specific data and pooled data. The results show that frequency is the most highly rated characteristic of the service together with reliability. The value of time is significantly lower in both cases. The outcome is consistent across estimations and, substantially in line with the outcome of previous studies carried out on operators active at different levels of the transport-logistic chain. Until now, in fact, studies have been carried out uniquely on carriers or producers. The selection of freight forwarders allows to shed light on a segment of the market that accounts for more than half of the transport-related decisions. Furthermore, the present study focuses on a comparison between all land transport and maritime ro-ro alternatives, in line with the growing interest on the integration among transport modes. The output signals both the absence of any a priori preclusion for ro-ro maritime services and the extremely important role that frequency of service assumes for the development and the establishment of maritime services as realistic alternatives to all land transport.