Modeling and Analyzing the Average Fleet Speed of Major Commercial Ship Types

In this study, the average speeds of container, dry bulk and crude oil fleets, which are main market types in maritime transportation, estimated analyzed by using external factors such as freight rate, bunker price, fleet size interest rate. Freight rates affect positively, while price negatively accordance with theoretical justifications. The rate mostly affects speed container fleet, fleet; is least affected fuel size; general, when coefficient sizes between considered, most effective factor three their size. Thus, new dimensions have been added to empirical literature stuck framework price.