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Table 5 Continent–Far East 72.000 dwt.

From: Panamax markets behaviour: explaining volatility and expectations

R-squared

0.984365

Adjusted R-squared

0.984354

Static Forecast (Hire rate on 3/1/2020)

$16.935/day

Static Forecast (Hire rate on 3/7/2020)

$17.778/day

Actual hire rate on 3/1/2020

$15.750/day

Actual hire rate on 3/7/2020

$18.900/day