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Structural Analysis of Shipping Fleet Capacity
Joint Authors
Fan, Lixian
Zhang, Sijie
Yin, Jingbo
Source
Journal of Advanced Transportation
Issue
Vol. 2018, Issue 2018 (31 Dec. 2018), pp.1-11, 11 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2018-09-12
Country of Publication
Egypt
No. of Pages
11
Main Subjects
Abstract EN
With the unprecedented growth of the shipping transportation demand, substantial vessels have been built and delivered to the market.
This has led to oversupply after the financial crisis in 2008 because of the abrupt decrease in transportation demand.
Notwithstanding the importance of shipping market studies in the investment decision-making, there are relatively few empirical studies modelling the impacts on the structural changes of the fleet supply variables.
By considering new orders, current fleet size, and demolitions in ship capacity supply, this study develops a systematic model in both bulker and container markets.
The three-stage least squares method is employed to estimate the model to avoid endogenous issues.
The primary finding suggests the significant impact of market, cost, and operational factors on fleet capacity supply.
It also reveals the relatively rational activities in ordering new vessels and cautious in demolition decisions in the container market because of the large capital investment required.
These are relevant to investment and demolition decisions in both the bulker and container markets.
American Psychological Association (APA)
Fan, Lixian& Zhang, Sijie& Yin, Jingbo. 2018. Structural Analysis of Shipping Fleet Capacity. Journal of Advanced Transportation،Vol. 2018, no. 2018, pp.1-11.
https://search.emarefa.net/detail/BIM-1181195
Modern Language Association (MLA)
Fan, Lixian…[et al.]. Structural Analysis of Shipping Fleet Capacity. Journal of Advanced Transportation No. 2018 (2018), pp.1-11.
https://search.emarefa.net/detail/BIM-1181195
American Medical Association (AMA)
Fan, Lixian& Zhang, Sijie& Yin, Jingbo. Structural Analysis of Shipping Fleet Capacity. Journal of Advanced Transportation. 2018. Vol. 2018, no. 2018, pp.1-11.
https://search.emarefa.net/detail/BIM-1181195
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1181195