Crisis after crisis in shipping
«NHH Shipping Conference – LeaderShip» is coming up. Now, they announce the line-up of more than 15 top speakers from the business and academia.
Professor Roar Os Ådland
- Roar.Adland@nhh.no
- Telephone
- +47 55 95 94 67
- Department
- Business and Management Science
- Centre
- ENE Shipping and Logistics
- Office
- D227
- Expertise
- Shipping, transport and logistics Freight derivatives Shipping economics Commodity trade
BIOGRAPHY
Roar Ådland joined the Norwegian School of Economics as a professor in 2012. 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.
Selected publications
| 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 Volume 22 (3); page 306 - 322; 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 |
| 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; Engen, Tord Aaland | Do Listed Ocean Tanker Companies Have Operational Skill? Empirical Evidence from Fleet and Voyage Data | IEEE International Conference on Industrial Engineering and Engineering Management; 2021 |
| Prochazka, Vit; Ådland, Roar Os | Contractual Obligations and Vessel Speed: Empirical Evidence from the Capesize Drybulk Market | IEEE International Conference on Industrial Engineering and Engineering Management; 2021 |
| Ådland, Roar Os; Strandenes, Siri Pettersen | Autonomous Deep-sea Shipping - The Economist's View | IEEE International Conference on Industrial Engineering and Engineering Management; 2021 |
| Prochazka, Vit; Ådland, Roar Os | Feature Engineering for Supply Analysis in Ocean Transportation | IEEE International Conference on Industrial Engineering and Engineering 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 |
| 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 |
| 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 |
| 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 |
| Jia, Haiying; Ådland, Roar Os; Wang, Yuchen | Global Oil Export Destination Prediction: A Machine Learning Approach | Energy Journal Volume 42 (4); page 111 - 130; 2020 |
| Peng, Wen Hao; Ådland, Roar Os; Yip, Tsz Leung | Investor domicile and second-hand ship sale prices | Maritime Policy & Management; 2020 |
| 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 |
| 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 |
RESEARCH AREAS AT THE DEPARTMENT
Main: Shipping, Logistics and Operations Management
Secondary: Energy Markets, Resource Management and Sustainability
TEACHING AREAS
Shipping economics, Risk management, Commodity trading
Dissemination
IMO’s Annual Efficiency Ratio comes in for heavy criticism
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.
Extreme Freight Rates Begin to Change Shippers' Calculations
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.
NHH and shipping comments on “Ever Given” in Egyptian news
`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.
New article by Ådland and Jia
The article "The value of meteorological data in marine risk assessment" has been published in Reliability Engineering & System Safety.
Carbon levy could more than double the price of traditional fuel
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.
New article by Ådland and Procházka
The article "The value of timecharter optionality in the drybulk market" has been published in Transportation Research Part E: Logistics and Transportation Review.
CSL researchers featured in "American Shipper" opinion piece
Research about the freight shipping industry by Roar Ådland, Vit Prochazka and Stein W. Wallace is emphasised in a commentary article in American Shipper.
NHH students make machine learning algorithm breakthrough, beating the cape markets by 10%
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.
Research questions the validity of slow steaming’s green claims
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.
New article by Ådland
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.
A new robot may help keep ships’ bottoms clean
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 %.