This paper examines the extent of which the financial and energy markets affect the performance of shipping industry. An empirical research is conducted by regressing the returns of the shipping industry’s variables on the returns of financial market’s variables and the returns of energy market’s variables. The data will be weekly and refer to a seven-year period from July 2013 up to July 2019. Vector autoregressive models will be employed to explore the Granger causality, and the variance decomposition for each variable. The same procedure will be used in order to test the causality between the variables’ volatility.

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