Table 1

Descriptive statistics of the sample data

Variables (Unit)MeanMedianMaximumMinimumS.D
BDI (Index)2524.5001677.11210843.650306.9052177.219
Capesize ($/Day)35889.86021546.880161600.0006131.25035173.080
Demand (Thousand tonnes)90574.58086118.110148000.90043277.44027555.630
Handysize ($/Day)12478.9809392.45339719.1604652.8637850.681
Panamax ($/Day)20063.03013250.00079375.0005362.50016724.860
Supply (Million DWT)473.052401.588788.921267.209181.964
Supramax ($/Day)17794.16012387.50066300.0004875.00013550.960

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