Browsing Thesis by Author "Ådland, Roar Os"
Now showing items 1-20 of 36
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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 ... -
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 ... -
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 ... -
The fuel consumption effect of prolonged port stays
Jøssund, Hans-Jørgen; Johnsen, Silje Helene (Master thesis, 2022)Optimizing fuel efficiency on marine vessels reduces both the fuel cost and the emission of greenhouse gasses. One way of optimizing fuel efficiency is through periodical hull treatments due to hull deterioration and ... -
Has IMO 2020 changed bulk shipping? An empirical study on how vessel speeds, trading patterns, charter types and freight rates for individual fixtures have been affected by IMO 2020
Bustgaard, Marius; Snekkenes, Michael Edward (Master thesis, 2021)This thesis examines how the IMO 2020 low-sulphur regulation has affected drybulk shipping. Firstly, we examine which routes scrubber vessels sail compared to what maritime economic theory would suggest. Secondly, we ... -
How do microeconomic determinants constitute the freight rate of individual contracts in the VLCC spot market?
Nguyen, Phuong Thi My; Pham, Oanh Thi Hoang (Master thesis, 2020)In this paper, we build a hedonic price model to explain the variation in freight rates in individual contracts using microeconomic data of the VLCC market. Using XGBoost and SHAP values to investigate the importance and ... -
Impact of hull cleaning and crew performance on bunker consumption: Classification and optimization of underwater hull cleaning intervals under data uncertainty
Wik, Magnus Halvorsen; Ånensen, Didrik Sverdrup (Master thesis, 2021)This thesis investigates the impact of underwater hull cleaning and crew performance on bunker consumption using noon reports. Biofouling imposes increased resistance on oceangoing vessels over time, and hull cleanings ... -
The influence of trading performance and fleet allocation on tanker earnings : an empirical study of differences in quarterly reported average vessel earnings for publicly listed tanker companies in terms of fixing skill and fleet allocation
Engen, Tord Aaland (Master thesis, 2021)This study considers the time charter equivalent (TCE) earnings reported by publicly listed crude oil tanker companies and multiple data sources to assess shipowner’s degree of skill in timing and positioning of vessel ...