The Influence of Firms’ Operational Strategies on the Liner Shipping Freight

This study mainly focused on how the shipping companies’ operational strategies influence the liner shipping industry after the European Union decided to repeal its block exemption from the European Competition Law for liner shipping conferences. To answer it, we address some related points to approach the Study’s core question. First, we observe the market structure and market concentration of the liner shipping industry. Furthermore, we use Chow test to exam whether there’s structural break while the leading company of shipping industry, Maersk, changes its CEO and took the different operational strategy In January 2012. And we use Panel Data to analyze the factors affect the ocean freight. Moreover, we observe whether the capacity of each shipping line influence the containerized ocean freight. To conclude, we hope to construct ARIMA model to forecast the ocean freight.