[HTML][HTML] Forecasting container freight rates using the Prophet forecasting method

N Saeed, S Nguyen, K Cullinane, V Gekara, P Chhetri - Transport Policy, 2023 - Elsevier
This study applies three innovative methods in forecasting container freight rates. Firstly, we
extracted 471 major disruptive events from the 'Lloyds List'database from 2010 until 2020 …

Quantitative modelling of shipping freight rates: developments in the past 20 years

L Ke, Q Liu, AKY Ng, W Shi - Maritime Policy & Management, 2024 - Taylor & Francis
Understanding the determination mechanism and dynamics of shipping freight rates has
significant implications for practitioners, economists, and regulators of maritime transport …

Forecasting container shipping freight rates for the Far East–Northern Europe trade lane

ZH Munim, HJ Schramm - Maritime Economics & Logistics, 2017 - Springer
This study introduces a state-of-the-art volatility forecasting method for container shipping
freight rates. Over the last decade, the container shipping industry has become very …

Determinants of dry bulk shipping freight rates: Considering Chinese manufacturing industry and economic policy uncertainty

B Gu, J Liu - Transport Policy, 2022 - Elsevier
The past decades have witnessed the rapid development of China's manufacturing industry,
which has established China's status as a manufacturing and trading power. Along with the …

Time series forecasting methods for the Baltic dry index

C Katris, MG Kavussanos - Journal of Forecasting, 2021 - Wiley Online Library
This paper forecasts the daily Baltic Dry Index (BDI) using time series and machine learning
methods. Significant business cycles and freight rate volatility present in the ocean‐going …

Artificial neural networks in freight rate forecasting

Z Yang, EE Mehmed - Maritime Economics & Logistics, 2019 - Springer
Reliable freight rate forecasts are essential to stimulate ocean transportation and ensure
stakeholder benefits in a highly volatile shipping market. However, compared to traditional …

A new approach for Baltic Dry Index forecasting based on empirical mode decomposition and neural networks

Q Zeng, C Qu, AKY Ng, X Zhao - Maritime Economics & Logistics, 2016 - Springer
In this article, a method based on empirical mode decomposition (EMD) and artificial neural
networks (ANN) is developed for Baltic Dry Index (BDI) forecasting. The original BDI series is …

[HTML][HTML] Container freight rate forecasting with improved accuracy by integrating soft facts from practitioners

HJ Schramm, ZH Munim - Research in Transportation Business & …, 2021 - Elsevier
This study presents a novel approach to forecast freight rates in container shipping by
integrating soft facts in the form of measures originating from surveys among practitioners …

Comparison of econometric models and artificial neural networks algorithms for the prediction of baltic dry index

X Zhang, T Xue, HE Stanley - IEEE Access, 2018 - ieeexplore.ieee.org
The shipping market, a major component of the global economy, is characterized by high
risk and volatility. The Baltic dry index is an influential indicator in the world shipping market …

A novel hybrid approach to Baltic Dry Index forecasting based on a combined dynamic fluctuation network and artificial intelligence method

X Zhang, MY Chen, MG Wang, YE Ge… - Applied Mathematics and …, 2019 - Elsevier
Enhancing the accuracy of freight rate forecasting is crucial when agents in the shipping
industry make their business decisions and strive to avoid or reduce possible risks. Although …