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Journals / Denizcilik Araştırmaları Dergisi: Amfora / 2026 / Cilt: 5 Sayı: 9

THE ANATOMY OF FREIGHT MARKETS DURING THE PANDEMIC: AN ANALYSIS OF DRY BULK AND CONTAINER INDEXES

PANDEMİ SÜRECİNDE NAVLUN PİYASALARININ ANATOMİSİ: KURU YÜK VE KONTEYNER ENDEKSLERİ ÜZERİNE BİR ANALİZ

Mert Hazar(KOCAELI UNIVERSITY, FACULTY OF MARITIME, DEPARTMENT OF MARITIME MANAGEMENT)0000-0001-5752-7012
Ümit Mercan(KOCAELİ ÜNİVERSİTESİ, DENİZCİLİK FAKÜLTESİ, DENİZCİLİK İŞLETMELERİ YÖNETİMİ BÖLÜMÜ)0009-0001-7187-2389
Umur Bucak(KOCAELİ ÜNİVERSİTESİ, DENİZCİLİK FAKÜLTESİ, DENİZCİLİK İŞLETMELERİ YÖNETİMİ BÖLÜMÜ)0000-0001-5112-8133
Pages
1–16
Publication Date
2026-06-30
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Thus, it was determined to what extent the container freight index was related to which sub-indices and inferences were made regarding this.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The Covid-19 pandemic period has been a process during which significant practices were implemented, and outcomes were experienced in the maritime sector.
📊
Key Findings & Data:Freight markets experienced a rapidly rising freight rate trend during the transition from the pre-pandemic period to the early months of the pandemic due to intensified demand and uncertainty.
💡
Conclusion & Impact:Thus, it was determined to what extent the container freight index was related to which sub-indices and inferences were made regarding this.
🔬Design:Araştırma Makalesi
📍Scope:Comprehensive Sample
⚙️Variables:Baltık Kuru Yük Endeksi · Navlun Piyasaları · Konteynerize Navlun Endeksi

Abstract

The Covid-19 pandemic period has been a process during which significant practices were implemented, and outcomes were experienced in the maritime sector. During this time, various impacts on maritime markets were observed. Freight markets experienced a rapidly rising freight rate trend during the transition from the pre-pandemic period to the early months of the pandemic due to intensified demand and uncertainty. However, in the post-pandemic period, they faced sharp declines. This study analyzed the freight rate fluctuations over a five-year period, covering the pre-pandemic, pandemic, and post-pandemic phases, using dry bulk and container freight index data. The relationships between the index values were revealed. The study identified the relationship between the dry bulk index and the container freight index and made inferences based on these findings. Additionally, the study examined the relationship between the container freight index and major sub-indices of the dry bulk index. Thus, it was determined to what extent the container freight index was related to which sub-indices and inferences were made regarding this.

Özet

Covid-19 pandemi dönemi denizcilik sektörü açısından önemli uygulamaların yapıldığı, sonuçların deneyimlendiği bir süreç olmuştur. Bu dönemde çeşitli denizcilik piyasaları üzerinde farklı etkiler gözlemlenmiştir. Navlun piyasaları pandemi öncesinden pandeminin ilk aylarını takip eden döneme geçişte yoğunlaşan talep ve belirsizlik ortamının etkisiyle hızla yükselen bir navlun oranı trendini deneyimlerken pandemi sonrası dönemde keskin düşüşler yaşamıştır. Bu çalışmada navlun oranlarının dalgalı bir şekilde seyrettiği pandemi-öncesi, pandemi ve pandemi-sonrası dönemleri kapsayacak şekilde 5 yıllık bir dönemdeki kuru yük ve konteyner navlun endeks verileri üzerinden bir analiz yapılmış ve endeks değerleri arasındaki ilişki gözler önüne serilmiştir. Çalışma sonucunda kuru yük endeksi ile konteyner navlun endeksi arasındaki ilişki tespit edilmiş ve çıkarımlarda bulunulmuştur. Çalışma kapsamında ayrıca kuru yük endeksinin belli başlı alt endeksleri ile konteyner navlun endeksi arasındaki ilişki analiz edilmiş. Böylece konteyner navlun endeksinin hangi alt endekslerle ne düzeyde ilişkisinin olduğu tespit edilmiş ve buna yönelik çıkarımlar yapılmıştır.

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Cite This Article

Hazar, M., Mercan, Ü., Bucak, U. (2026). THE ANATOMY OF FREIGHT MARKETS DURING THE PANDEMIC: AN ANALYSIS OF DRY BULK AND CONTAINER INDEXES. Denizcilik Araştırmaları Dergisi: Amfora, Cilt: 5 Sayı: 9, 1–16. https://ajindex.com/articles/1629401

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