Study On The Relationship Between Capesize And Panamax Shipping Market

Dry bulk shipping demand is a derived demand of the international trade. The prices of shipping market are influenced by many factors, such as Polity, economy, technology, society, climate, oil prices and so on. The relationship between capesize and panamax shipping market, for shipping enterprises, will play a more important role in the future.Firstly, the paper introduces the operational mechanism of international dry bulk shipping market at the beginning of the characteristics, elements and basic forms of international dry bulk shipping market. Secondly, what the paper analyses the relation between supply and demand of international dry bulk shipping market will lay a solid basis for the research of the relationship between capesize and panamax shipping market. Thirdly, the paper introduces the operational mechanism in capesize and panamax shipping market at the beginning of analyzing ship standards, the type of cargoes, the main shipping routes and supplies. Also, the paper introduces the relevance of ship types, the types of cargo, shipping routes, shipping supply, cost and freight in order to deeply analyze the relationship between capesize and panamax shipping market. The study find that there is certain relationship between capesize and panamax shipping market. Then, to verify the conclusion of this paper, it will be used by VAR(Vector AutoRegression) model, pulse analysis and variance decomposition in this research. The result is to verify the conclusion of this paper again.Through studying the relationship between capesize and panamax shipping market in this paper, the paper find that there is a relationship of single-track and lasting correlation between capesize and panamax shipping market. The research will provide theoretical support and practical guidance for the management and decision-making of the shipping companies.