Browsing NHH Brage by Author "Ådland, Roar Os"
Now showing items 1-20 of 50
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A logit model for the lay-up decision in the north sea Offshore rig market
Skeide, Markus; Horn, Helge (Master thesis, 2017)The thesis examines the lay-up decision in the North Sea offshore rig market from 2010 through march 2017. Using empirical analysis, we have specified a logistic regression model to investigate how rig characteristics, ... -
AIS data and the price of oil : a study of predictive feasability
Flaate, Aslak Wøllo; Nikitina, Maria (Master thesis, 2018)Compared to the oil market, physical movement of oil-carrying vessels is very precise and reflects the real production rates more timely than official reports. In this paper, we examine whether detailed information on ... -
An analysis of intraday liquidity patterns in the dry bulk FFA market
Haugen, Nicklas Bjørndal; Narum, Håkon (Master thesis, 2021)This thesis investigates different liquidity measures in the dry bulk FFA market by analyzing intraday data of quarterly FFA contracts obtained from Braemar Atlantic Securities Limited. Through intraday data, we conduct ... -
Are AIS-based trade volume estimates reliable? The case of crude oil exports
Ådland, Roar Os; Jia, Haiying; Strandenes, Siri Pettersen (Peer reviewed; Journal article, 2017)Most global trade statistics in the public domain refer to official customs data, which are not generally available on a micro (individual cargo) level. With the increasing availability and completeness of ship positioning ... -
Asset bubbles in shipping? : an analysis of recent history in the drybulk market
Ådland, Roar Os; Jia, Haiying; Strandenes, Siri Pettersen (Discussion paper, Working paper, 2006-03)The purpose of this paper is to investigate the hypothesis that the supercycle in the drybulk freight market between 2003 and 2005 caused asset values in the second -hand market to deviate from underlying fundamentals. ... -
Breaking the barriers : operational measures for the decarbonization of shipping : a study on barriers to operational energy efficiency measures
Holsvik, Eline Hagen; Williksen, Kristina (Master thesis, 2020)Energy efficiency is a key strategy to address the issue of climate change. Operational measures that increase energy efficiency are widely used in shipping, but there is evidence of a gap between the actual implementation ... -
Can you hedge dry bulk stock prices using forward freight agreements? : a study of risk management in the dry bulk shipping stock market
Byrkjeland, Maren Nessen; Eriksen, Tina Marie (Master thesis, 2019)This thesis investigates if forward freight agreements (FFA) can be used to hedge stock price risk in the dry bulk shipping sector. We establish a cointegrated relationship between FFAs and dry bulk stock prices based ... -
Can you hedge ship price risk using freight derivatives? : a study of the dry bulk market
Ameln, Haakon; Børnes, Eirik August (Master thesis, 2018)This thesis investigates the possibility of reducing ship price risk in the dry bulk sector using freight derivatives. We establish a theoretical linkage between ship prices and FFA prices and empirically test this ... -
The Contractual Pillar of Maritime Decarbonisation: A study on the challenges and potential of improving energy efficiency in shipping through contractual means
Lahikainen, Aleksi Otto Eemeli (Master thesis, 2022)Climate change has grown into an increasingly important concern for the shipping industry, but the contractual infrastructure of bulk shipping has not fully evolved to reflect this. As a result, this thesis examines the ... -
Determinants in the Lay-Up Decision: An empirical study on offshore support vessels
Sværen, Oda Aspebakken (Master thesis, 2017)When a downturn hits the cyclical offshore service industry, shipowners attempt to improve their cash flow and the market balance by laying up vessels. The purpose of this master thesis is to evaluate how micro- and ... -
A discrete-time stochastic partial equilibrium model of the spot freight market
Ådland, Roar Os; Strandenes, Siri Pettersen (Report, Research report, 2004-04)This paper presents a stochastic extension of the classical partial equilibrium models of the spot freight market. The supply in the model is based on microeconomic analysis of the supply characteristics of a given fleet ... -
A discrete-time stochastic partial equilibrium model of the spot freight market
Ådland, Roar Os; Strandenes, Siri Pettersen (Discussion paper, Working paper, 2004-03)This paper presents a stochastic extension of the classical partial equilibrium models of the spot freight market. The supply in the model is based on microeconomic analysis of the supply characteristics of a given fleet ... -
Does fuel efficiency pay? Empirical evidence from the drybulk timecharter market revisited
Ådland, Roar Os; Alger, Harrison Marshall; Banyte, Justina; Jia, Haiying (Journal article; Peer reviewed, 2017)The time charter market for ships represents a classical example of the principal-agent problem, where shipowners can opt to invest in energy efficient ships, yet any savings in fuel expenditures accrue to the charterers. ... -
Empirical Analysis of Charterers’ Willingness to Pay for Energy Efficiency : A Study on Time Charter Contract Rates in the Dry Bulk Market and GHG Ratings by RightShip
Aasnæs, Nikoline; Tingvold, Helene (Master thesis, 2023)This thesis investigates whether charterers value energy efficiency in the dry bulk time charter (TC) market using greenhouse gas (GHG) emissions ratings from RightShip and TC fixtures from Western Bulk and Clarksons ... -
Estimating the Impact of Weather-Sensitive Cargo Risk on Transport Cost
Knive, Rikard; Liane, Jon Mæle (Master thesis, 2022)As a consequence of the global renewable energy transition, there is a rising demand for transportation of project cargo, such as wind turbine components. Transportation of this type of cargo requires special considerations ... -
Estimating vessel environmental performance : a machine learning approach for predicting vessel fuel consumption and transparently quantifying the environmental sustainability impact of vessel exhaust gases
Jebsen, Fridtjof Gustav; Mathiesen, Sander Skogsrud (Master thesis, 2020)The shipping industry faces a number of challenges regarding its share of total anthropogenic emissions worldwide. A range of measures have been initiated, both by official and private parties. Nevertheless, there are ... -
Estimating weather margin seasonality in shipping using machine learning
Nilsson, Joakim; Nilsson, Marcus (Master thesis, 2021)Accurate predictions of fuel consumption are an essential tool in the pricing of forward cargo contracts. This thesis develops a predictive model for fuel consumption using noon report data from Handysize and Supramax ... -
FFA hedging in the supramax segment : how alterations of the Baltic supramax index have affected hedging efficiency
Aarheim, Georg Martin Steen; Holseter, Ole Morten (Master thesis, 2018)This thesis studies how altering the composition of the Baltic Supramax Index (BSI) affects the hedging efficiency of forward freight agreements (FFA) traded with the index as underlying. We evaluate the hedging efficiency ... -
Forecasting and trading in the crude tanker FFA market : forecasting and applying trading strategies on crude tanker forward freight agreements using neural networks and AIS-data
Stefanski, Camilla Helle; Tveiti, Erik (Master thesis, 2020)The objective of this thesis is to forecast derivative prices of Forward Freight Agreements (FFAs) using machine learning techniques and investigate the profitability of implementing quantitative trading strategies. The ... -
Freight pricing and climate change: The case of grain cargoes in the Paraná River
Henie, Kaja Berg; Utheim, Hanne (Master thesis, 2021)Climate change is affecting the shipping industry in Paraná River in Argentina. Lower levels of precipitation cause the water levels to decrease, which limits the amount of cargo a ship can load. Accurate predictions of ...