ORCID
- Stavros Karamperidis: 0000-0003-0971-5187
Abstract
We examine how LNG carrier port congestion in European ports, measured via detailed vessel-level AIS data, affects euro area energy inflation. As energy inflation significantly affects headline inflation, this study provides an additional factor that can contribute to inflationary pressures. Overall, the results show that higher port congestion increases natural gas prices with the latter having an impact on energy inflation. The reaction stands at 0.1% per 1% shock in port congestion. These findings underline the relationship between the shipping industry and the real economy and support the view that shipping developments can potentially be used as leading indicators.
DOI Link
DOI
10.3390/commodities3040026
Publication Date
2024-12-20
Publication Title
Commodities
Volume
3
Issue
4
ISSN
2813-2432
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
First Page
462
Last Page
471
Recommended Citation
Melas, K., Karamperidis, S., & Michail, N. (2024) 'Econometric Insights into LNG Carrier Port Congestion and Energy Inflation: A Data-Driven Approach', Commodities, 3(4), pp. 462-471. Available at: 10.3390/commodities3040026
