3 4.2 BROKERS 22 4.3 BANKS 23 4.4 CHARTERERS 23 5.PROSPECTIVE DEVELOPMENTS 24 6.REFERENCES 27 7.APPENDIX 29 7.1 OPTIMAL SPEED OF SHIPS 29 7.2 CHARTER MARKET DECISIONS UNDER UNCERTAINTY 30 7.3 OPTIMAL POSITIONING 7.4 SHIP ACQUISITION POLICIES 31 7.5 PORTFOLIO ANALYSIS OF SHIPPING DECISIONS 32 7.6 CARGO SELECTION 32 7.7 OPTIMAL WORLD PETROLEUM FLOWS 33 7.8 WEATHER ROUTING 34 7.9 NEW DEVELOPMENTS IN FORECASTING AND ECONOMETRICS 7.9.1 Time-series Analysis and Forecasting. 515 7.9.2 Advances in Econometric modelling. 63 4. 2 BROKERS 22 4. 3 BANKS 23 4. 4 CHARTERERS 23 5. PROSPECTIVE DEVELOPMENTS 24 6. REFERENCES 27 7. APPENDIX 29 7. 1 OPTIMAL SPEED OF SHIPS 29 7. 2 CHARTER MARKET DECISIONS UNDER UNCERTAINTY 30 7. 3 OPTIMAL POSITIONING 31 7. 4 SHIP ACQUISITION POLICIES 31 7. 5 PORTFOLIO ANALYSIS OF SHIPPING DECISIONS 32 7. 6 CARGO SELECTION 32 7. 7 OPTIMAL WORLD PETROLEUM FLOWS 33 7. 8 WEATHER ROUTING 34 7. 9 NEW DEVELOPMENTS IN FORECASTING AND ECONOMETRICS 35 7. 9.1 Time-series Analysis and Forecasting. 35 7. 9.2 Advances in Econometric modelling. 36