Shipping Market Valuation and BDI Analysis under COVID-19
DOI:
https://doi.org/10.54691/bcpbm.v38i.3754Keywords:
COVID-19; Shipping market; BDI.Abstract
Contemporarily, COVID-19 as a major "Black swan" event strong affected the trade and shipping industry. Meanwhile, its continuous spread in the global scope has impacted the international shipping market, and the market value of some domestic shipping companies has also shown a downward trend. This paper adopts dual-line parallel research based on ROE DuPont analysis, CAPM and DDM model to analyze the market value of some shipping companies, and using Eviews regression model to analyze the Baltic Dry Index (BDI). According to analysis, COVID-19 has had a certain negative impact on the valuation of shipping companies. Due to the changes of the epidemic situation, the market valuation of shipping companies is still full of uncertain factors. Moreover, there is a certain degree of negative correlation between COVID-19 and BDI index, which will diminish with the improvement of the epidemic situation. The change of COVID-19 situation has become one of the important factors to judge the trend of BDI index. These results shed light on guiding further exploration of the future market valuation of shipping companies and the judgment of BDI index to some extent.
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