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A Study On The Reasons For Sharp Decline On The Baltic Exchange Dry Index In 2008, Sung Man Jung
A Study On The Reasons For Sharp Decline On The Baltic Exchange Dry Index In 2008, Sung Man Jung
World Maritime University Dissertations
This dissertation starts from the decline of the Baltic Dry Index (BDI) of the Baltic Exchange in 2008 from 11,793 point to 663 point, which decreased by 94% from the peak within 7 months. To detect the reasons for the sharp decline of BDI, this dissertation has focused on the direction of research into demand and supply on shipping industry. All variables related with demand on shipping are divided into two groups - sea borne trade volume variables and the physical commodity price variables, ship dead weight tonnage (DWT) was selected as a supply variable, and Net Futures Position and …