UNCTAD/DTL/TLB/2009/2 1 April 2010 UNITED NATIONS CONFERENCE ON pull out do AND DEVELOPMENT Oil Prices and Maritime Freight pass judgment: An Empirical Investigation expert report by the UNCTAD secretariat UNITED NATIONS Acknowledgements This technical report was prepared by Cosimo Beverelli, with contributions from Hassiba Benamara and Regina Asariotis. The effectual 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 honesty 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 helpful discussions. Finally, special thanks are due to Ra hul Sharan, Susan Oatway and Parul Bhambri of Drewry, Christian Mueller of harper 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 O VERVIEW 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:
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