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Table 9 One-year time-charter 75.000 dwt.

From: Panamax markets behaviour: explaining volatility and expectations

R-squared

0.992251

Adjusted R-squared

0.992243

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

$10.782 /day

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

$10.783/day

Actual hire rate on 3/1/2020

$10.375/day

Actual hire rate on 3/7/2020

$11.250/day