Descriptive statistics of the numerical and dummy variables
| Variable name | Symbol | Minimum | Mean | Maximum | |
|---|---|---|---|---|---|
| Numerical Variables | Price ($ Mn) | price | 1.50 | 13.62 | 61.00 |
| 1 Year Time Charter Rate ($k/Day) Benchmark* | tc | 3.56 | 13.59 | 38.00 | |
| Newbuild Price ($ Mn) Benchmark | nb | 19.50 | 28.83 | 69.03 | |
| Scrap Price ($ Mn) Benchmark | scrap | 1.47 | 4.78 | 18.62 | |
| Deadweight (tonne) | dwt | 25,000 | 68,860 | 234,000 | |
| Age at sale | age | 0.00 | 11.31 | 30.00 | |
| 3 month US Dollar LIBOR | libor | 0.11 | 1.15 | 4.77 |
| Variable name | Symbol | Minimum | Mean | Maximum | |
|---|---|---|---|---|---|
| Numerical Variables | Price ($ Mn) | price | 1.50 | 13.62 | 61.00 |
| 1 Year Time Charter Rate ($k/Day) Benchmark* | tc | 3.56 | 13.59 | 38.00 | |
| Newbuild Price ($ Mn) Benchmark | nb | 19.50 | 28.83 | 69.03 | |
| Scrap Price ($ Mn) Benchmark | scrap | 1.47 | 4.78 | 18.62 | |
| Deadweight (tonne) | dwt | 25,000 | 68,860 | 234,000 | |
| Age at sale | age | 0.00 | 11.31 | 30.00 | |
| 3 month US Dollar LIBOR | libor | 0.11 | 1.15 | 4.77 |
| Variable name | Category | Symbol | Value | Percentage (%) | |
|---|---|---|---|---|---|
| Dummy Variables | Country of build | Japan | country_jp | 1 | 58.9 |
| China | country_cn | 1 | 26.8 | ||
| South Korea | country_kr | 1 | 8.6 | ||
| Other | country_o | 1 | 5.7 | ||
| Scrubber Installation | No | scrubber | 0 | 93.6 | |
| Yes | 1 | 6.3 | |||
| Ballast water treatment installation | No | bwts | 0 | 80.4 | |
| Yes | 1 | 19.6 | |||
| Eco | No | eco | 0 | 99.1 | |
| Yes | 1 | 0.9 |
| Variable name | Category | Symbol | Value | Percentage (%) | |
|---|---|---|---|---|---|
| Dummy Variables | Country of build | Japan | country_jp | 1 | 58.9 |
| China | country_cn | 1 | 26.8 | ||
| South Korea | country_kr | 1 | 8.6 | ||
| Other | country_o | 1 | 5.7 | ||
| Scrubber Installation | No | scrubber | 0 | 93.6 | |
| Yes | 1 | 6.3 | |||
| Ballast water treatment installation | No | bwts | 0 | 80.4 | |
| Yes | 1 | 19.6 | |||
| Eco | No | eco | 0 | 99.1 | |
| Yes | 1 | 0.9 |
Note(s): * Linear interpolation is applied based on the deadweight difference with neighbouring benchmarks for those not falling into the popular benchmarks
Source(s): Table by the author; data collected and collated from Hellenic Shipping News (2022)
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