-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.     

抓好施工环节控制 保证沥青路面工程质量

结合太长高速公路路面第六合同段的沥青面层施工，就沥青路面施工的环节控制。保证沥青路面工程质量，提出几点意见，供公路同行们参考。     

船体B样条曲面的数学描述及计算机方法

叙述了三次Ｂ样条曲面的特点、数学描述、船体曲面片的拼接和曲面边界的处理，最后给出船体曲面设计产例，证明所述方法的正确法。     

Collision damage of jack-ups

North Sea collision accident records covering a period of ten years indicate that the risk of collisions involving jack-ups is not dissimilar to that for semi-submersibles or fixed jacket structures. However, jack-ups are much more flexible than jackets and have a much lower degree of redundancy. Their response to collisions and their ability to absorb impact energy is, therefore, expected to be considerably different in comparison to jackets. This paper examines available data and information regarding the capability of jack-ups to withstand collision impacts and investigates the level of local damage that can potentially be caused to jack-up legs due to accidental collisions.     

集装箱码头综合技术防雷工程的研究与实施

防雷击破坏的综合技术主要从建筑物金属结构的等电位连接、合理防雷设施的布局、合理屏蔽、所有金属件的等电位连接和可靠的接地系统、以及在供电、电子设备线路中合理地加装电涌保护器等手段进行实施。只有综合应用以上技术,微电子设备和信息网络才能达到理想的防雷效果。     

Flange Force Effects on the Motion of a Train Wheelset

The motion of a train wheelset is investigated using Hopf bifurcation theory. The method takes full account of the nonlinear effects of the flange-rail contact forces which are incorporated in the model; The numerical solution is obtained over a wide range of forward speeds by transforming the bifurcation problem into a regular nonlinear boundary value problem, which is solved by standard methods. This solution is shown to be orbitally, asymptotically stable. The algorithm supplies complete information on the lateral and yaw motions and on the period of oscillation, even for very high forward speeds.     

Geochemical impacts of waste disposal on the abyssal seafloor

The response of pore water oxygen, nitrate, sulfate, sulfide, ammonium and methane and particulate organic carbon distributions to the input of 8.5 million m³ (3.8×10¹² g) of organic-rich waste materials is simulated. The deposit is assumed to be conical with a maximum thickness of approximately 20 m. Remineralization reactions within the deposit rapidly deplete any initially available pore water oxidants such as oxygen, nitrate and sulfate, and are subsequently dominated by fermentation reactions. Diffusion downward of reduced metabolites, sulfide, ammonium and methane, depletes the available oxidants in the pore waters below the waste pile, increasing the thickness of the anoxic layer. While the impacted region is limited to essentially the deposition site, recovery of the pore waters is estimated to be >10⁴ years. The overall computational results are corroborated by the pore water distributions observed at turbidite boundaries. Numerous uncertainties in the parameterizations limit the overall accuracy of the calculations presented. The most significant of these are: (1) A quantitatively accurate assessment of the remineralization rate of the deposited organic matter including its rate of inoculation by abyssal microorganisms; (2) a detailed assessment of potential non-diffusive pore water transport processes including advection due to compaction and buoyancy-driven flows and enhanced exchange due to macrobenthic irrigation activities and (3) an assessment of the potential alteration of pore space and methane reactivity due to gas hydrate formation.