Article

Analyzing ship investment behaviour in liner shipping

---

This study analyzes capacity expansion and ship choice decisions. Theoretically, we derive the probability of capacity expansion as a function of market and companyattributes and characterize the impacts of these factors on expansion decisions.Empirically, we analyze ship investment and ship choice behaviour using binary choice and nested logit models based on ship investment data from major liner shipping companies over the period 1999 to 2009. Most expansion decisions are found to be market-driven, and large companies expand to maintain their market shares. Interms of ship selection, statistical results support the assumption that shipping companies decide on a new order or second-hand purchase before considering the ship size. Also, new orders are preferable to second-hand purchases. For new orders, the preference increases with ship size, and decreases with shipbuilding length and demand growth rate. For all ship types, the preference increases with a high and stable time charter rate. For second-hand ships, handysize is the most preferable size. The substitution of new orders and second-hand purchases is possible, but not symmetrical

---

Ketersediaan

Informasi Detail

Judul Seri

-

No. Panggil

ATC PO FAN a

Penerbit

Hongkong : routledge taylor france group., 2013

Deskripsi Fisik

24 p.

Bahasa

English

ISBN/ISSN

0308-8839

Klasifikasi

PO

Tipe Isi

-

Tipe Media

-

Tipe Pembawa

online resource

Edisi

-

Subjek

ship investment
liner shipping

Info Detail Spesifik

-

Pernyataan Tanggungjawab

Lixian Fan

Versi lain/terkait

Lampiran Berkas

Komentar

---

Anda harus masuk sebelum memberikan komentar