The shortage of seafarers continues in the global shipping market. In particular, the retention of skilled officers has not been maintained. One of the reasons why the number of officers working on merchant ships is because of the working conditions onboard the ship. For instance, there are...

The aim of this study is to construct monthly coincident and leading composite indicators for the shipping industry in Korea. The coincident and the leading indicators are computed using the generalized dynamic factor model. We use the production index of the water transport industry as the...

This study examines the effect of macroeconomic shocks on the shipping market using time-series data by comparing the periods of the COVID-19 and traditional crises. A structural vector autoregressive model and forecast scenario were applied for the analysis. The results can be summarized as...