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.
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
- MS-458
- 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 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.
Selected publications
| Author(s) | Title | Publisher |
|---|---|---|
| Jia, Haiying; Ådland, Roar Os; Wang, Yuchen | Global Oil Export Destination Prediction: A Machine Learning Approach | Energy Journal; 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 |
| Regli, Frederik; Ådland, Roar Os | Crude oil contango arbitrage and the floating storage decision | Transportation Research Part E: Logistics and Transportation Review Volume 122; page 100 - 118; 2019 |
| Ådland, Roar Os; Köhn, Sebastian | Semiparametric Valuation of Heterogeneous Assets | Asset Intelligence through Integration and Interoperability and Contemporary Vibration Engineering Technologies; page 23 - 30; 2019 |
| Ådland, Roar Os; Thomassen, Kristoffer André; Østensen, Erland Remmem | Environmental management in shipping: Theory and practice of energy-efficient ship operation | The Routledge Handbook of Maritime Management; page 80 - 97; 2019 |
TEACHING AREAS
Shipping economics, Risk management, Commodity trading
Dissemination
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 %.
Pools resurface with shipping swimming in data
Roar Os Ådland writes about the sudden return of shipping pools in the news headlines this year.
New article by Procházka and Ådland
The article "Contracting decisions in the crude oil transportation market: Evidence from fixtures matched with AIS data" has been published in Transportation Research Part A: Policy and Practice.
New article by Procházka, Ådland and Wallace
The article "The value of foresight in the drybulk freight market" has been published in Transportation Research Part A: Policy and Practice.
New article by Ådland
The article "When energy efficiency is secondary: The case of Offshore Support Vessels" has been published in Transportation Research Part D: Transport and Environment.
New article by Ådland
The article "Crude oil contango arbitrage and the floating storage decision" has been published in Transportation Research Part E: Logistics and Transportation Review.
New article by Ådland
The article "Explaining price differences between physical and derivative freight contracts" has been published in Transportation Research Part E: Logistics and Transportation Review.
On scrubber and super profits
Roar Ådland questions the flurry of scrubber purchases in recent days. Are we merely back in the misleading ecoship territory from five years ago?