| International shipping markets, including three major markets, such as container liner shipping, dry bulk and tanker shipping. It is different from other modes of transportation, both in theory and in practice. The difference is mainly reflected in the shipping market in terms of transportation costs, volatility, investment, capital return period is relatively long. In recent years, With the slogan of "national oil fortunes" is proposed, the attention of the theory circle and the practice circle gradually invest in crude oil through the field of maritime transport, namely, the international shipping market.The international shipping market has some characteristics, such as fierce market changes, oligopoly, professional norms etc. International crude oil freight index reflects the international oil shipping market changes in real-time dynamics of the price index. Through the analysis of its main determinants, we can further make judgments on the development trend of international oil shipping market.In this context, In order to make the oil transport companies are better able to avoid risks and improve economic efficiency, this paper attempts to further explore how to carry out the analysis to be more practical and accurate to reflect the trend of the development of the price of crude oil transportation. Combined with the operating status of the development trend of international shipping industry and China’s shipping industry, we can make an analysis of the opportunities and challenges which China is facing. It can also suggest more feasible regulation, management measures or methods for the relevant departments of the government. |
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