Price of second-hand container ships (3,000–15,000+ TEU), (Unit: USD$ Million) 

Price of second-hand container ships (3,000–15,000+ TEU), (Unit: USD$ Million) 

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This study aims to apply System Dynamics (SD) to analyze the optimal timing of container ship orders by considering the uncertain shipping environment. The collected monthly data for 12 years was obtained from the China seaborne container trade (CSCT) and the China Containerized Freight Index (CCFI). Containership fleet development and the prices o...

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Citations

... Based on the models, parameters of freight rate, new ship price, and second-hand ship price are calculated using regression analysis. For the regression, European container freight date data [24] and ship price data [25] were used. The parameters are listed in Table 3. ...
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... Drobetz et al. (2012) predicted dry bulk and tanker freight markets using world economy, seaborne commodity trades, the average distance to transport, random shocks and transportation costs for demand, and global fleet, fleet efficiency, shipbuilding production, scrapping and losses and freight earnings for supply. Jeon and Yeo (2017) predicted CCFI (China Containerized Freight Index) using the China seaborne container trade volume for demand and containership 3,000-5,999 twenty-foot equivalent unit (TEU) fleet, 6,000-7,999 TEU fleet, 8,000-11,999 TEU fleet, 12,000-14,999 TEU fleet and 15,000þ TEU fleet (Iris et al., 2018) for supply. In previous research, shipping freight rates were predicted using many variables, such as classification of ship size, classification of freight volume and economy variables. ...
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