Shipping Freight Rates: Mapping the progress of quantitative models

Freight rates are crucial in the shipping industry, underpinning the operations of shipowners, carriers, and trading companies. Over the past two decades, various studies have aimed to model these rates, employing various approaches to study different sectors of the shipping industry. A research team led by Qing Liu and Luqi Ke at the University of Hamburg presents a new review of these studies, which have important implications for the future of freight rate modelling.