Research Article
Structural Analysis of Shipping Fleet Capacity
Table 1
Description of the variables used.
| | Markets | Variables | Description | Factor | Mean | Maximum | Minimum | Std. Dev. |
| | Bulker | Neworder | New order ship (million dwt) | Market | 45.378 | 159.338 | 8.935 | 40.627 | | Trade | World seaborne iron ore, coking coal, steam coal, phosphate rock, bauxite/alumina, minor bulk trade (Million tonnes) | Market | 3102.547 | 4543.477 | 1850.778 | 938.013 | | Fleet | Fleet capacity in (million dwt) | Market | 422.703 | 776.653 | 243.719 | 184.663 | | NBPI | New-building price index | Cost and Operational | 133.402 | 232.09 | 91.889 | 36.382 | | Freight | Baltic Exchange Dry Index | Market | 2265.762 | 7071.000 | 673.000 | 1797.090 | | Earings | Clarksons Average Bulker Earnings ($/Day) | Market | 14904.048 | 44267.000 | 6200.000 | 10888.390 | | Orderbook | Oderbook of Bulkcarrier (million dwt) | Cost and Operational | 124.197 | 326.080 | 23.973 | 105.078 | | Bunkerprices | 380cst bunker prices, Rotterdam | Cost and Operational | 289.051 | 639.635 | 67.621 | 191.154 | | Demolition | Total Bulkcarrier Demolition (million dwt) | Market | 11.516 | 33.413 | 0.357 | 10.351 | | HighAge | 20 years and over (%) | Cost and Operational | 26.599 | 41.180 | 8.040 | 10.193 | | CRU | Steel price index | Cost and Operational | 136.969 | 234.883 | 74.917 | 44.764 |
| | Container | Neworder | New order ship (,000 TEU) | Market | 1137.342 | 3314.011 | 60.479 | 872.586 | | Trade | World Seaborne Container Trade (,000 TEU) | Market | 111689.4 | 181128.2 | 46779.62 | 44759.81 | | Fleet | Fleet capacity in (,000 TEU) | Market | 9714.625 | 19743.70 | 2920.019 | 5447.255 | | NBPI | New-building price index | Cost and Operational | 89.369 | 123.565 | 69.017 | 16.667 | | Freight | Containership Timecharter Rate Index | Market | 76.238 | 152.000 | 35.000 | 31.607 | | Earings | Clarksons Average Containership Earnings ($/Day) | Market | 12000.143 | 25018.000 | 5070.000 | 5531.321 | | Orderbook | Oderbook of container (,000 TEU) | Cost and Operational | 3069.479 | 6626.198 | 626.928 | 1856.390 | | Bunkerprices | 380cst bunker prices, Rotterdam | Cost and Operational | 289.051 | 639.635 | 67.621 | 191.154 | | Demolition | Total container Demolition (,000 TEU) | Market | 146.495 | 654.411 | 2.3460 | 181.601 | | HighAge | 20 years and over (%) | Cost and Operational | 13.551 | 24.200 | 4.1400 | 6.866 | | CRU | Steel price index | Cost and Operational | 136.969 | 234.883 | 74.917 | 44.764 |
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