A Research On Freight Rate Of International Tanker Market

The volume of oil import of our country has increased rapidly in recent years, and the business in oil shipping has grown accordingly. To avoid the high risk in the field of shipping market, it's necessary to learn about the mechanism and the rule of the shipping market.In this paper, basing on the analysis of the actual tanker market, we have study the feature of oil freight rate and the cause of change in recent decades. After this, we established the theoretic model of tanker market. By this model, we studied the relationship between the freight rate and the other elements of tanker market. In the end we established a econometric model of tanker market, and by this model we have a quantitative study of tanker market.