Oil Market 1

UNCTAD/DTL/TLB/2009/2 1 April 2010 UNITED NATIONS CONFERENCE ON drop do AND DEVELOPMENT Oil Prices and Maritime Freight pass judgment: An Empirical Investigation expert report by the UNCTAD secretariate UNITED NATIONS Acknowledgements This technical report was prepared by Cosimo Beverelli, with contributions from Hassiba Benamara and Regina Asariotis. The usable and considered comments which were provided by Prof. Hercules Haralambides (Erasmus University, Rotterdam), Prof. Anthony Venables (Oxford University) and Gordon Wilmsmeier (Edinburgh Napier University) are grate adequatey acknowledged, as are the comments provided by UNCTAD colleagues, in particular, Piergiuseppe Fortunato, Jan Hoffmann, Anne Miroux, Ugo Panizza, Jose Rubiato, Astrit Sulstarova and Vincent Valentine. Thanks are besides collectable to David Bicchetti, Thomasz Blasiak, Marco Fugazza, Alessandro Nicita and Damieen Persyn for useful discussions. Finally, special thanks are due to Rahul Sharan, Susan Oatway and Parul Bhambri of Drewry, Christian Mueller of harpist Petersen & Co. and David Post of Bunkerworld for kindly providing data and useful clarification. ii table of contents Pages Acknowledgements ............................................................

....................................................... ii Abstract ...................................................................................................................................... iv A. INTRODUCTION ........................................................................................................... 1 B. A BRIEF OVERVIEW OF THE RELEVANT LITERATURE .! ................................. 3 C. methodology AND RESULTS ............................................................................. 5 I. Container freight rates ............................................................................................. ..5 I.1. Model...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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