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The Freight Rate Forecast integrates key variables that influence freight rates. Using maritime and connected industry data sets only available from IHS, we dynamically model freight rates from year to year as a function of ship and tanker availability, oil market fundamentals, macroeconomic developments, financial markets and trends. The table below provides an overview of some key drivers used for the Freight Rate Modelling.
|Economic Factors||Supply Factors||Financial Factors||Industry Factors|
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In the example on the right, you can see how the Freight Rate Forecast for the VLCC class size transporting MEG from Japan compared to actual results. Forecast accuracy by month was 96% and by year was 99%.
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