A Qualitative Research on Ship Investments in Turkey

Abstract

Ship investments including high amount of capital and high risk compared with other investment alternatives are important in the business life of a shipping firm. Therefore, comprehending dynamics on ship investments is essential. The motive of this study rests on this fact and it is aimed to determine the factors affecting ship investments of Turkish ship investors. In this context, a qualitative examination is employed to understand the nature of ship investments from the perspectives of professionals who have close relations with ship investors in Turkey and who are able to evaluate them in an objective manner. Findings reveals that market conditions and timing, payback period of the investment, technical features of the ship and profile, financing capacity and risk perception of investors have been identified as important criteria in ship investments in Turkey.

An Application of a Fuzzy TOPSIS Multi-Criteria Decision Analysis Algorithm for Dry Bulk Carrier Selection

“…A literature review is provided on the investment theories based on firm-level and ship investment [5]. In [6], a qualitative perspective is adopted to analyze the ship investment issues in Turkey. The study includes investment timing, market conditions, period for payback, financial and technical characteristics of ships, risk profiles of the investors, etc.…”