International Maritime Commodity Markets, Trends and Interactions

CALL FOR PAPERS

An IAME2019 Special Session on


International Maritime Commodity Markets, Trends and Interactions


Session organizers:

Professor Manolis G. Kavussanos – Athens University of Economics and Business
Dr. Dimitris A. Tsouknidis – Cyprus University of Technology


According to data from Clarksons Shipping Intelligence Network and UNCTAD’s Review of Maritime Transport Report for the year 2018, the international seaborne trade has almost doubled within 17 years, from 6.2 billion metric tons in 2000 to 11.5 billion metric tons in 2017, and currently accounts for over 80% of global trade in volume terms. Such impressive numbers create an immense demand for shipping services which is facilitated by the global shipping industry. The interactions between the dynamics of the markets for the main commodities transported by sea and shipping markets themselves are of key interest for academics and industry practitioners. Notably, supply and demand unexpected and expected changes for the main bulk commodities (e.g. iron ore, coal, grains, crude oil, oil products, containers, LNG-LGP, etc.) affect their prices, which in turn affect supply and demand for the shipping transportation service offered for a freight rate.

During the IAME2019 conference in Athens, Greece, we intend to organize a session on the theme of international maritime commodity markets, exploring all relevant markets, their trends over time and their interactions. Of special importance are the effects of changing trade patterns on the global shipping industry. Therefore, we seek full paper contributions and extended abstracts that will increase our understanding of the following issues (non-exhaustive):

  • Econometric models for commodity and shipping markets;
  • Trading patterns and the evolution of the global maritime trade;
  • Market interactions between commodity and shipping markets;
  • Returns and volatility spillovers across commodity and shipping markets;
  • Supply and demand shocks and their effects on prices for commodity and shipping markets;
  • High frequency data and their use in volatility modeling of freight rates and commodity prices;
  • AIS data and the construction of accurate supply and demand measures for the shipping markets;
  • Port infrastructure facilitating specific commodities and port development based on trading patterns;
  • The institutional, political and market/commercial dynamics behind trading patterns;
  • Changes in shipping network dynamics such as direct calls and transshipment.

As session organizers, we are looking for original contributions that are well grounded in theory and/or containing novel analysis that will provide new perspectives on the proposed topic.

Potential contributors are asked to submit an abstract following the regular submission schedule as published on the IAME2019 conference website https://www.dept.aueb.gr/en/iame2019. You can opt for a full paper or extended abstract. During the uploading of the abstract kindly mention that the abstract is related to this specific special session. You are invited to concisely follow the author guidelines of IAME2019 which can be found online. It would be helpful if you could also inform the session organizers on the submitted abstract via e-mail to mkavus@aueb.gr; dimitris.tsouknidis@cut.ac.cy

It is the intention of the session organizers to edit a special volume on the theme in a high-ranked journal after the IAME2019 conference. Authors of high-quality papers and extended abstracts will be invited to submit their full papers for the planned special volume.