Roar Ådland joined the Norwegian School of Economics as a professor in 2012. He is the holder of the Bergen Shipowners’ Association Chair in shipping economics at the Center for Shipping and Logistics. He holds a Master of Science degree in marine technology from NTNU, an M.Phil. in Business Economics from NHH and a Master of Science in Ocean Systems Management from Massachusetts Institute of Technology (MIT). Professor Ådland received his Ph.D. in Ocean Systems Management from MIT in 2003.
Before becoming an academic, Roar Ådland had a career in the shipping industry, first as an analyst with Clarkson Research Ltd. In London and since 2006 as a trader and portfolio manager of freight derivatives (FFAs) at Clarkson Fund Management Ltd., a shipping-focused hedge fund.
Roar Ådlands’ research focuses on freight derivative pricing and trading, applications of AIS data, vessel valuation, shipping risk management and bulk freight market modeling.
| Author(s) | Title | Publisher |
|---|---|---|
| Tran, Nguyen Khoi; Lam, Jasmine Siu Lee; Jia, Haiying; Ådland, Roar Os | Emissions from container vessels in the port of Singapore | Maritime Policy & Management (0 pages); 2021 |
| Mohanty, Sunil K.; Ådland, Roar Os; Westgaard, Sjur; Frydenberg, Stein; Lillienskiold, Hilde; Kristensen, Cecilie | Modelling Stock Returns and Risk Management in the Shipping Industry | Journal of Risk and Financial Management Volume 14 (4) (25 pages); 2021 |
| Ådland, Roar Os; Jia, Haiying; Lode, Tønnes Berg; Skontorp, Jørgen | The value of meteorological data in marine risk assessment | Reliability Engineering & System Safety Volume 209 (10 pages); 2021 |
| Ådland, Roar Os; Jia, Haiying; Harvei, Hans Christian Olsen; Jørgensen, Julius | Second-hand vessel valuation: an extreme gradient boosting approach | Maritime Policy & Management; 2021 |
| Ådland, Roar Os; Ånestad, Lars Erik; Abrahamsen, Bjarte | Statistical arbitrage in the freight options market | Maritime Policy & Management (0 pages); 2021 |
| Ådland, Roar Os | Shipping Economics and Analytics | Guide to Maritime Informatics; page 319 - 333; 2021 |
| Prochazka, Vit; Ådland, Roar Os | Feature Engineering for Supply Analysis in Ocean Transportation | IEEE International Conference on Industrial Engineering and Engineering Management; 2021 |
| Fuentes Lezcano, Gabriel; Ådland, Roar Os | A Spatial Framework for Extracting Suez Canal Transit Information from AIS | IEEE International Conference on Industrial Engineering and Engineering Management; 2021 |
| Prochazka, Vit; Ådland, Roar Os | Ocean Mesh Grid: Applications in Shipping Modeling | IEEE International Conference on Industrial Engineering and Engineering Management; page 330 - 334; 2020 |
| Jia, Haiying; Ådland, Roar Os; Wang, Yuchen | Latin American Oil Export Destination Choice: A Machine Learning Approach | IEEE International Conference on Industrial Engineering and Engineering Management; page 345 - 348; 2020 |
| Ådland, Roar Os; Prochazka, Vit | The value of timecharter optionality in the drybulk market | Transportation Research Part E: Logistics and Transportation Review Volume 145 (15 pages); 2020 |
| Ådland, Roar Os; Aarheim, Georg Martin Steen; Holseter, Ole Morten | Baltic Exchange index changes and FFA hedging efficiency | Transportation Research Procedia Volume 48; page 107 - 122; 2020 |
| Ådland, Roar Os; Cariou, Pierre; Wolff, Francois-Charles | Optimal ship speed and the cubic law revisited: Empirical evidence from an oil tanker fleet | Transportation Research Part E: Logistics and Transportation Review Volume 140 (18 pages); 2020 |
| Ådland, Roar Os | A Spatial Framework for Extracting Suez Canal Transit Information from AIS | 2020 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM); 2020 |
| Jia, Haiying; Ådland, Roar Os; Wang, Yuchen | Global Oil Export Destination Prediction: A Machine Learning Approach | Energy Journal Volume 42 (4); 2020 |
| Peng, Wen Hao; Ådland, Roar Os; Yip, Tsz Leung | Investor domicile and second-hand ship sale prices | Maritime Policy & Management; 2020 |
| Ådland, Roar Os; Ameln, Haakon; Børnes, Eirik August | Hedging ship price risk using freight derivatives in the drybulk market | Journal of Shipping and Trade Volume 5 (1); page 1 - 18; 2019 |
| Prochazka, Vit; Ådland, Roar Os; Wolff, Francois-Charles | Contracting decisions in the crude oil transportation market: Evidence from fixtures matched with AIS data | Transportation Research Part A: Policy and Practice Volume 130; page 37 - 53; 2019 |
| Prochazka, Vit; Ådland, Roar Os; Wallace, Stein William | The value of foresight in the drybulk freight market | Transportation Research Part A: Policy and Practice Volume 129; page 232 - 245; 2019 |
| Ådland, Roar Os; Cariou, Pierre; Wolff, Francois-Charles | When energy efficiency is secondary: The case of Offshore Support Vessels | Transportation Research Part D: Transport and Environment Volume 72; page 114 - 126; 2019 |
Shipping economics, Risk management, Commodity trading
Roar Ådland, among others, fiercely criticizes the International Maritime Organization for its Annual Efficiency Ratio (AER), the key measure to define how ships fare when the Carbon Efficiency Indicator (CII) starts in just over a year.
The containerized shipping industry has been essential to global commerce for its low shipping costs. However, high freight rates are starting to have an impact on consumer goods. Roar Ådland is interviewed on this by The Maritime Executive.
`Because of the relatively quick solution, the incident is not likely to have a long-term effect on the shipping industry´, says NHH Professor Roar Ådland to Al-Ahram Weekly.
The article "The value of meteorological data in marine risk assessment" has been published in Reliability Engineering & System Safety.
It will take a significant carbon levy, which more than doubles current fuel prices, to sufficiently push shipping's green transition in the way Norwegian and Danish shipowners call for, Roar Ådland tells ShippingWatch.
The article "The value of timecharter optionality in the drybulk market" has been published in Transportation Research Part E: Logistics and Transportation Review.
Research about the freight shipping industry by Roar Ådland, Vit Prochazka and Stein W. Wallace is emphasised in a commentary article in American Shipper.
Just how much machine learning algorithms can deliver to capesize earnings has been quantified in a landmark new piece of research, by students supervised by Roar Ådland.
Roar Ådland, Pierre Cariou and Francois-Charles Wolff have revisited the science behind slow steaming and are questioning the validity of the green claims championed by many owners and politicians such as Emmanuel Macron.
The article "Optimal ship speed and the cubic law revisited: Empirical evidence from an oil tanker fleet" has been published in Transportation Research Part E: Logistics and Transportation Review.
Roar Ådland interviewed by The Economist: A midsized oil tanker’s fuel consumption drops by around 9 % after its hull is cleaned at sea. However, if the cleaning is done in a dry dock, that figure can be as much as 17 %.
Roar Os Ådland writes about the sudden return of shipping pools in the news headlines this year.
