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Okan Duru, PhD, Behavioral Economics of Shipping Business, Forecasting, Judgment and Decision Making, Texas A&M University at Galveston, TAMUG

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Blockchain Roaming in the Maritime Industry





Asia Tanker Conference 2019







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BW LPG Teambuilding Day 2018

24 October 2018, Wednesday

Carlton Hotel, Singapore


Understanding the Technology Landscape of Maritime Industry

Okan Duru


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Advanced Freight Trading Seminar & Workshop

February 12th, 2018

SGX Auditorium


SGX is hosting a Freight Trading Workshop and Seminar aimed at shipping and freight professionals. A great opportunity to learn about FFA risk management tools, analytical detail of the FFA markets, shipping forecasts and network with shipping professionals.



0900 Registration

0915 Risk Management in Freight Markets by SGX

·       The importance of margins in Freight Trading

·       FFA Trading: Application to Hedging

·       FFA products discussion- what products does the market want next?

1000 Supply and Demand Analysis & Price Forecasting in the Dry

Bulk Markets by IHS Markit

• Dry bulk shipping market review

• Dry Trade analysis in dry bulk shipping demand

• AIS analysis in dry bulker capacity

• Freight Forecast: Traditional way vs Advanced Analytics

1045 Coffee Break

1100 Current State and Future of Predictive Analytics for Freight

Markets by Dr. Okan Duru, NTU

• Nature of 'Predictability

• Prediction markets and need for forecasts

• Paradox of Forecasting

• Exclusive Prediction as Asymmetric Information

• Common errors of predictive analytics

• Current technology and advancement in Predictive Analytics

• Computational Intelligence for Finance and Economics

1200 Asian Indices Overview and the Future for Shipping Indices

by Baltic Exchange

1230 Networking lunch



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Roundtable Sharing & Panel Discussion: Increasing Adoption Of Digital Solutions In The Maritime Industry

14 Nov 2018, 12:30 - 13:00

·    Understanding the reasons behind the slow adoption of digital innovation in the shipping, marine & offshore engineering industry

·    Analysing the impact of implementing digital innovation on manpower and bottom-line

·    Examining the most cost-effective and quickest ways to increase adoption of digital solutions



Dr. Okan Duru, Nanyang Technological University



Bhupesh Gandhi, Group Nautical

Kenneth Lim, Maritime Port Authority of Singapore

Nazery Khalid, Association of Marine Industries Malaysia

Oskar Levander, Rolls-Royce

Sanjay Singh, Frost & Sullivan




Predictive Analytics Unwrapped: Quants in the shipping industry

14 Nov 2018, 16:35 - 17:05


·    Current state of artificial intelligence and predictive analytics

·    ‘Good’ and ‘bad’ uses of predictive analytics

·    Fraud and professionalism in producing predictions

·    Predictability, speculation and complexity in the maritime industry










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Maritime Business and Economics: Asian Perspectives

Okan Duru (Editor)


Country Editors

Masato Shinohara (Japan)

Sung-Woo Lee (South Korea)

Chin-Shan Lu (Taiwan)

Tsz Leung Yip (Hong Kong)

Dong Yang (China)







Analytic Hierarchy Process (AHP) in Maritime Logistics: Theory, Application and Fuzzy Set Integration

Emrah Bulut and Okan Duru

In Multi-Criteria Decision Making in Maritime Studies and Logistics

Editors: Paul Tae-Woo Lee,  Zaili Yang



The International Trading Programme Specialisation (ITP)

BF4001 Industry Seminar Curriculum


Panel Discussion on

“The impact of trade war on Commodities Market” 


·       The Impact of trade war on the commodities market

·       To what extend has this trade war affect the commodities businesses

·       Insights/strategy that the companies have adopted to minimise or manage the risk of the impact of trade war


Date: 23 January 2019

Time: 6pm-8pm


Dr. Okan Duru, Nanyang Technological University



Robert St Clair, Macro Economist – Econometrician, BP

C.K. Chan, Trading Manager, Peter Cremer

Cynthia Lim, Economist, South32



Missing Cargo Ship Highlights Vulnerability of Aging U.S. Fleet

Read the article

“One of the surprises in the case of the El Faro is that a 40-year-old ship is still navigating,” said Okan Duru, an Assistant Professor of Maritime Finances and Logistics at the Department of Maritime Administration of Texas A&M University, Galveston. “But if a ship is built in the United States, the expectation is that it is put in service for a very long time.”…



Dr. Okan Duru will join live discussion on the aging U.S. fleet and El Faro tragedy

Tuesday, October 20, 2015 at 11am East Time

Knowledge@Wharton is a daily, call-in business interview program, broadcasting live from The Wharton School's historic Ivy League campus. Host Dan Loney goes behind the headlines with world-renowned Wharton professors, distinguished alumni and expert guests. Listen to Knowledge@Wharton Monday through Friday, 10a-12p, EST on SiriusXM channel 111.







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The Value of Commercial Marine Shipping to Canada

the Council of Canadian Academies




MARITIME 01(pdf)


Motivations behind irrationality in the shipping

asset management: Review of fundamental theory and practical challenges

Okan Duru


Maritime Business Review



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U.S. tanker transport: Current structure and economic analysis

Okan Duru, Christopher Clott and Joan P. Mileski

Research in Transportation Business & Management










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