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Table 7 Transpacific R/V 72.000 dwt.

From: Panamax markets behaviour: explaining volatility and expectations

R-squared

0.976114

Adjusted R-squared

0.976099

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

$5.109/day

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

$9.061/day

Actual hire rate on 3/1/2020

$4.500/day

Actual hire rate on 3/7/2020

$8.800/day