MATHEMATICAL MODELS OF MARITIME CARGO SHIPPING GROWTH TRENDS
Keywords:
maritime shipping, mathematical models, statistics, forecast.Abstract
The maritime shipping sector has a considerable influence in socioeconomic development and investment potential of governments. Graphs of maritime shipping growth trends show a considerable decline related to the global economic crisis of 2008-2009, and the picture after the ongoing COVID crisis shows very similar figures. This shows that although maritime shipping overall has a positive growth outlook, there is an uncertainty regarding the stability of economical growth and related consequences for the maritime shipping sector. However, a closer look at the maritime shipping dynamics across various cargo types allows for a clearer picture of how maritime shipping can continue to develop. To that end, we can analyze past developments in maritime shipping and build mathematical models based on the statistical data available, which would describe the growth of maritime shipping and provide forecasts for throughput of each individual cargo type.
References
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