Research On The Effect Of The FTZ To Tramp Ship Voyage Cost

Since the approval of the Shanghai Free Trade Zone in 2013,China set off a wave of building a Free Trade Zone boom.In 2015,China successively approved Tianjin FTZ,Guangdong FTZ,Fujian FTZ,followed by the other seven new FTZs like Liaoning FTZ,Zhejiang FTZ,Henan FTZ and so on in 2016.So far,China has 11 FTZ.The exploration in the investment,trade,finance,business innovation,in-regulatory and post-regulatory and the other aspects of economic can be positively prompted,thus effectively stimulating the vitality of the market,promoting the public entrepreneurship,Peoples innovation.On the other hand,since the international financial crisis,the international shipping industry has been into the low speed,low-order,depressed "new normal" situation.International oil prices and commodity prices remain at a lower level,which will have a larger impact on oil demand growth,because the emerging economies face a bigger economic slowdown,will inhibit the growth of oil demand;shipping market sustained in the bottom.Shipping market is a derivative demand market of international trade and world economy the development of FTZ will bring a great boost to the development of the shipping industry.This paper research on the effect of the FTZ policy to tramp ship voyage cost,according to the derived demand theory and voyage cost theory.Firstly,this paper summary the achievements of scholars at home and abroad and give a cost analysis of FTZ for the related theory of tramp ship voyage,finding out the main factors of FTZ that influence the tramp ship voyage costs.Then,the paper study the effect of oil price and port charges on voyage cost of Panamax ship by establishing the tramp ship voyage cost model and taking the voyage costs of China-Australia tramp ship as random samples.The study found that under the condition of unchanged oil quantity and port charge,every 1 percent rise in fuel price leads to 0.66 percent rise on average voyage costs.Under the condition of unchanged oil quantity and the average oil and fuel charge,every 1 percent rise in port charge leads to 0.25 percent rise on average voyage costs.At the same time,it can be seen that the sensitivity of voyage cost to fuel is far greater than that of port charge.So the relevant policies of FTZ,especially tariff and fuel policy,are of great significance to reduce voyage cost.