FORMATION OF FREIGHT RATE BASED ON LIMITED VOLUMES OF OUTPUT DATA

Keywords: voyage, conditional voyage, ship, chartering, freight rate, two-parameter approximation method, ship operator.

Abstract

Introduction. Shipping companies can provide their services through the freight market. Until today, a relatively open freight market, dominated by free competition, has developed. At the same time, the world freight market is a closed system, that is, in a certain period of time, a certain offer meets a certain demand, the ratio of which forms the price of sea transportation. At the same time, such closure can be called relative. The global freight market has its own functional sectors, each of which also has a certain degree of independence. In general, the current state of the freight market is characterized by its conjuncture. During the study of the conjuncture, the movement of the market is determined, that is, the tendency of the rates to increase, decrease or stagnate. To analyze the state of the freight market, access to information on rate dynamics is required. The issue of freight rates in maritime business is always relevant, complicated due to the fact that information on the formation of rates is closed for free use. The absence of such information does not allow the vessel operator to use tools for variation in the matter of negotiating the deal. Purpose. This article allows you to form an approximate value of the freight rate using the proposed method of two-parameter approximation. This technique will make it possible to study market movements, trends in rate changes and allow court operators to make profitable deals. Results. Based on the results of the calculations, the size of the final freight rate was calculated as the average between the freight rates that were calculated based on the parameters of the approximation of the amount of cargo and the length of the voyage, which is r ounded to a decimal number. Conclusions. The obtained result makes it possible to apply the specified method in practice. Based on the calculated amount of freight rates according to the proposed method, it becomes possible to make favorable offers to customers and ensure the income of the ship operator from the transportation of cargo on a conditional voyage, which is an integral and important element of the task.

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References

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Published
2023-04-13
How to Cite
Sudnyk, N., & Vilshaniuk, M. (2023). FORMATION OF FREIGHT RATE BASED ON LIMITED VOLUMES OF OUTPUT DATA. Transport Development, (1(16), 187-196. https://doi.org/10.33082/td.2023.1-16.15
Section
TRANSPORT TECHNOLOGIES (BY TYPE)