Analyzing ship investment behaviour in liner shipping

Fan, Lixian; Luo, Meifeng

doi:10.1080/03088839.2013.776183

Cited by 49 publications

(19 citation statements)

References 9 publications

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“…It is empirically recognized that different ship types and sizes in the second-hand market lead to S&P activities and higher ship prices [6,13,16,20,22,44]. Further, this paper may supplement the existing study of Fan and Luo [46]. They argued that both fleets and throughput changes can increase the probability of ship investment to improve shipping companies' profitability.…”

Section: Discussionmentioning

confidence: 90%

Ship Acquisition of Shipping Companies by Sale & Purchase Activities for Sustainable Growth: Exploratory Fuzzy-AHP Application

et al. 2018

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Strengthening sale and purchase (S&P) capacity has become a fundamental requirement for sustainable growth and corporate competitiveness in the modern shipping market. However, there is a lack of research related to S&P and its priority when shipping companies attempt to implement ship acquisition through S&P activities. To fill this gap, this paper conducts an empirical analysis to analyze priority factors during the acquisition of second-hand ships from the perspective of shipping companies. Business criteria are considered to be the most important factors in the analysis of the priority of ship acquisition and investment in shipping companies. To the best of our knowledge, this research is the first exploration covering Korean shipping companies' ship acquisition through S&P activities. This study is expected to contribute to the better understanding of the role of S&P in ensuring the sustainability of shipping companies and to provide stakeholders with valuable insights.

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Section: Discussionmentioning

confidence: 90%

Ship Acquisition of Shipping Companies by Sale & Purchase Activities for Sustainable Growth: Exploratory Fuzzy-AHP Application

et al. 2018

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“…Wrong investment decisions may not only reveal loss but also diminish the market share of the firm. Accordingly, the competitive power of the firm may be affected in the long-term period [7].…”

Section: Introductionmentioning

confidence: 99%

A Qualitative Research on Ship Investments in Turkey

Akgül¹,

Çetin²

2019

J ETA Maritime Sci

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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.

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“…In this context, focal companies in supply chains make investment selections and may be held responsible for the environmental and social performance of these selections. Fan [2] empirically analyzed the relationship between ship investment and decision making behavior; he found that shipowners are inclined toward large ship sizes. Most expansion decisions are found to be market-driven, and large companies expand to maintain their market shares and achieve sustainable competitive advantages.…”

Section: Introductionmentioning

confidence: 99%

Dry Bulk Carrier Investment Selection through a Dual Group Decision Fusing Mechanism in the Green Supply Chain

Yao

Yan

et al. 2018

Sustainability

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Uncertain linguistic variables and scoring evaluations are two important evaluation mechanisms in the decision making field. Sustainability requirements for ship investment lead to the complexity of influence factors and the decision making process. The uncertain linguistic assessment features a large amount of ambiguity and subjectivity, while the scoring evaluation features high precision and distinct gradations. This paper constructs a criteria system in the green supply chain and proposes a dual group decision fusing mechanism for integrating the linguistic variable and scoring evaluation into a unified evaluation term. A hierarchical cloud of linguistic variable terms is constructed based on scoring via a reverse cloud generator, and then, the ship investment linguistic terms are transformed into prospect values. In addition, the consistency and investment selection performance are measured after aggregating the individual decision matrices for group decision making. The empirical research results on the selection of dry bulk carriers for investment show that dual group decision fusing mechanisms could effectively improve the consistency, decision making efficiency, and accuracy of dry bulk ship investment choices and reduce the cost of feedback adjustment for group decisions. In comparison with the trapezoidal fuzzy and fuzzy TOPSIS methods of group decision making, the proposed method performs better when there are a large number of alternatives.

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Analyzing ship investment behaviour in liner shipping

Cited by 49 publications

References 9 publications

Ship Acquisition of Shipping Companies by Sale & Purchase Activities for Sustainable Growth: Exploratory Fuzzy-AHP Application

Ship Acquisition of Shipping Companies by Sale & Purchase Activities for Sustainable Growth: Exploratory Fuzzy-AHP Application

A Qualitative Research on Ship Investments in Turkey

Dry Bulk Carrier Investment Selection through a Dual Group Decision Fusing Mechanism in the Green Supply Chain

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