Some properties of international maritime statistics

This paper tests two fundamental hypotheses concerning international maritime statistics. The first one deals with the question of stationary of the maritime market statistics. The second hypothesis tested is the assumption that the international maritime statistical time series are not distributed according to a normal of Guassian probability law, but rather belong to the same family of distributions with distinctly different critical parameters. Through well documented statistical methods, the paper concludes that the international freight rates observed on a day to day basis are generated by a random walk process. The paper finds that the shipping industry's conventioal wisdom is essentially correct. 'Last done' is as good a forecast of tomorrow's freight rate as any other generated by more sophisticated forecasting methods. Furthermore, freight rates and secondhand tonnage prices fluctuate closely together. The freight rates are generated by stochastic processes fully described by the Paretian family of distributions. The critical parameters of these distribution, the characteristic exponents, are such that the risk conscious ship operator can indeed reduce his exposure to risk by securing a correct set of freight rate contracts.     

-statistic is the ratio between a normal (0,1) distributed variable and the square root of a centrally distributed chi-square variable divided by its expected value, i.e., its degree of freedom.

This paper evaluates empirically some very common theories of the freight rate generating process in the time charter markets. After a review of the most common assumptions made of the way time charter rates are set, the hypotheses are identified as follows: (a) the Zannetos Hypothesis, (b), the Lagged Zannetos Hypothesis, (c) the Koyck Lag Hypothesis, (d) the Rational Expectation Hypothesis, and (e) the Conventional Wisdom Hypothesis. These hypotheses are tested using statistical cointegration analysis that includes both an Augmented Dickey-Fuller (ADF), and a Johansen likelihood ratio test. Confronted with the data, hypotheses (a) and (b) are rejected outrightly. In the Koyck Lag case, the ADF statistic seem to confirm the hypothesis. A closer look at the numbers reveals that all of the impact on the time charter rates comes from the lagged dependent variable. Hence, the Koyck Lag Hypothesis is rejected. In the Rational Expectation case, the two tests conflicted. Based on the fact that the Rational Expectation Hypothesis includes the lagged dependent variable and that the Johansen test has been found to be a more robust test than the ADF test, the Rational Expectation Hypothesis is rejected. The fifth hypothesis is a reflection of the general bulk industry perception that the time charter rate is impacted by changes in the comparable spot rate and not much by the spot rate levels. In this case both the ADF and the Johansen test accepted the hypothesis for all markets. Thus, the paper concludes that the conventional market explanation of the time charter freight rate setting process is essentially correct-spot rate changes matter spot rate levels do not.     

Fixed‐route taxi system: route network design and fleet size minimization problems

This paper introduces the taxi route network design problem (TXRNDP) for a fixed‐route taxi service operating in Iran and, in similar form, in various other developing countries. The service operates fairly similar to regular transit services in that vehicles are only permitted to follow a certain predetermined route on the network. The service is provided with small size vehicles and main features are that vehicles only depart if full and that there are no intermediate boarding stops. In Iran the service attracts a high modal share but requires better coordination which is the main motivation for the present study. We develop a mathematical programming model to minimize the total travel time experienced by passengers while constraining the number of taxi lines, the trip transfer ratio and the length of taxi lines. A number of assumptions are introduced in order to allow finding an exact rather than heuristic solution. We further develop a linear programming solution to minimize the number of taxis required to serve the previously found fixed‐route taxi network. Results of a case study with the city of Zanjan, Iran, illustrate the resulting taxi flows and suggest the capability of the proposed model to reduce the total travel time, the total waiting time and the number of taxi lines compared to the current taxi operation. Copyright © 2016 John Wiley & Sons, Ltd.     

Some properties of international maritime statistics

This paper tests two fundamental hypotheses concerning international maritime statistics. The first one deals with the question of stationary of the maritime market statistics. The second hypothesis tested is the assumption that the international maritime statistical time series are not distributed according to a normal of Guassian probability law, but rather belong to the same family of distributions with distinctly different critical parameters. Through well documented statistical methods, the paper concludes that the international freight rates observed on a day to day basis are generated by a random walk process. The paper finds that the shipping industry's conventioal wisdom is essentially correct. ‘Last done’ is as good a forecast of tomorrow's freight rate as any other generated by more sophisticated forecasting methods. Furthermore, freight rates and secondhand tonnage prices fluctuate closely together. The freight rates are generated by stochastic processes fully described by the Paretian family of distributions. The critical parameters of these distribution, the characteristic exponents, are such that the risk conscious ship operator can indeed reduce his exposure to risk by securing a correct set of freight rate contracts.     

A summary of findings from the first 25 Ballast Water Treatment Systems evaluated by GESAMP

As part of the preparations for entry into force of the Ballast Water Convention (2004), the International Maritime Organization has initiated a process to evaluate the safety and efficacy of potential technologies for disinfecting ballast water on board ships. Ballast Water Management Systems intended to remove potentially ‘harmful aquatic organisms’ are subjected to a review process, one aspect of which is aimed at ensuring safety by assessing the risks of the systemto the environment, human health (including the ships crew) as well as the safety of the ship. With 25 systems in the various stages of the evaluation process and some already approved, this paper takes a first look at the types of systems under development, especially their environmental characteristics and look for any emerging trends. Quite awide range of different technologies are being developed based on chemical, physicochemical and physical mechanisms. Of these, chlorination by electrolysis in-situ is the most common and indications are that such systems may become even more common.     

综合安全评价在船舶动力装置中的应用

综合安全评价（FSA）是一种在工程技术与工程运行管理中用于制定合理可行的规则和提供风险控制的综合性、结构化和系统性的分析方法，将FSA引入到船舶动力装置的安全评价中，是对船舶安全评价的一次尝试，按照综合安全评价的五个步骤对影响船舶动力装置安全的因素进行了分析评价。具体应用时，使用故障树分析法以拉缸故障为实例做了定性和定量分析，根据评价结果提出了相应的安全管理措施，为船舶轮机人员及管理人员提供参考。     

) and annual payments (a) is a follows:

Modern management techniques are slowly but surely being introduced aslo in shipping management. Large sections of the industry practises strategic management at various levels in the firm. This paper outlines a method for deciding chartering strategies in the international bulk shipping industry. A well known risk/return model is tailored to transportation contracts in the shipping industry. The model delineates a set of optimally defined transportation contracts that may serve as a basis for the shipowner's strategic decisions. The strategies and elements of strategies suggested by the model have historically been practised by a number of successful shipowners. An important conclusion of the paper is that no second best problems exists and hence movement towarts the optimal solution is advocated even if such a solution cannot or will not be reached. Additionally, the paper provides an organized way of crafting, analysing and applying chartering strategies where the outcomes can be clearly defined and analysed based on well known statistical concepts and theories.     

Planning the driverless city

ABSTRACT

AV technologies have the potential to transform urban landscapes and existing transport systems and networks. Yet, the utopian imaginary of reduced automobile ownership and a new shared economic future sits in tension with suggestions that car dependency, urban sprawl and transport inaccessibility will be exacerbated. The issues are situated in a complex governance landscape involving an influential private sector who are increasingly setting the agenda. The public sector may be forced into reacting to the new innovations by information technology and automobile companies as they are introduced into existing built environments. Drawing on an extensive literature base and interviews with public sector planners, this paper reveals the conceptual gaps in the framing of AV technology – the prospects and limits – and how these are conceived. The paper raises questions about the role urban planning can play in the rollout of AVs in order to anticipate and mediate unwanted built environment and socio-spatial impacts, as well as reconciling the ambition of transport innovation with the public purpose of planning.     

Range Extender Module Transmission Topology Study

Range extender modules are one option to compensate for short drive ranges of electric vehicles. The close interaction of combustion engine and generator poses new challenges in development. A key requirement for range extender systems is to be light and virtually imperceptible in operation. High-speed electrical machines aim at increasing power density. However, their introduction in a range extender requires a gearbox. The combustion engine torque fluctuations can lead to rattle in the gearbox. The rattle can be overcome by a dual mass flywheel. An interdisciplinary model is developed and used to analyse three different range extender systems: one with a low speed generator without gearbox, one with a high-speed generator, and one with a high-speed generator and a dual mass flywheel. The efficiency was found to be higher for the system with a low speed generator, whereas the power density and the costs are beneficial for the high-speed concept. A dual mass flywheel eliminates the changes of torque direction in the gearbox. It reduces the speed fluctuations of the gearbox and generator by over 90 % compared to the low speed setup. But it increases rolling moment and subsequently chassis excitation compared to a setup with only a gearbox.     

The economic impact study of maritime policy issues: application to the German case

Input-output analysis basically provides an estimation of a sector's economic impact by taking into account the indirect effects on all other sectors. For purposes of policy making, however, this may produce rather rigid and inaccurate results. This paper, therefore, introduces some extensions to the basic impact analysis. These extensions secure flexibility, completeness and accurateness of the outcomes. First, an accurate cost structure is determined in a bottom-up approach, i.e. by using data from a sample of representative companies. This allows for reliable outcomes and a flexible definition of sub-sectors. Secondly, the analysis is made in an intercountry context. Thirdly, the expenditure effects of generated income are determined by a macroeconomic module. Fourthly, company-level responses to alternative policy scenarios are investigated and translated into changing model parameters. These four basic elements are applied in a case study concerning the shipping sector of Germany. The scenarios are a continuation of the present policy, a laissez-faire policy, and two framework policies in which the government creates a favourable environment for shipping companies. For each scenario, the effects on value added, employment, tax revenues and expenditures are analysed and evaluated. This paper, thus, shows the relevance of accordingly amplified input-output analysis for policy purposes.