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    Rights statement: This is an Accepted Manuscript of an article published by Taylor & Francis in Maritime Policy and Management on 02/03/2020, available online:https://www.tandfonline.com/doi/full/10.1080/03088839.2020.1735007

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The dynamics of fleet size and shipping profitability: the role of steel-scrap prices

Research output: Contribution to journalJournal articlepeer-review

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The dynamics of fleet size and shipping profitability : the role of steel-scrap prices. / Andrikopoulos, A.; Merika, A.; Merikas, A.; Tsionas, M.

In: Maritime Policy and Management, Vol. 47, No. 8, 16.11.2020, p. 985-1009.

Research output: Contribution to journalJournal articlepeer-review

Harvard

Andrikopoulos, A, Merika, A, Merikas, A & Tsionas, M 2020, 'The dynamics of fleet size and shipping profitability: the role of steel-scrap prices', Maritime Policy and Management, vol. 47, no. 8, pp. 985-1009. https://doi.org/10.1080/03088839.2020.1735007

APA

Andrikopoulos, A., Merika, A., Merikas, A., & Tsionas, M. (2020). The dynamics of fleet size and shipping profitability: the role of steel-scrap prices. Maritime Policy and Management, 47(8), 985-1009. https://doi.org/10.1080/03088839.2020.1735007

Vancouver

Andrikopoulos A, Merika A, Merikas A, Tsionas M. The dynamics of fleet size and shipping profitability: the role of steel-scrap prices. Maritime Policy and Management. 2020 Nov 16;47(8):985-1009. https://doi.org/10.1080/03088839.2020.1735007

Author

Andrikopoulos, A. ; Merika, A. ; Merikas, A. ; Tsionas, M. / The dynamics of fleet size and shipping profitability : the role of steel-scrap prices. In: Maritime Policy and Management. 2020 ; Vol. 47, No. 8. pp. 985-1009.

Bibtex

@article{2b46a42661ba4aae9454f499b530e16e,
title = "The dynamics of fleet size and shipping profitability: the role of steel-scrap prices",
abstract = "We discover that in each shipping segment the price of scrap, earnings, and the fleet size are jointly determined. Deploying a Vector Error Correction model, we find that international steel-scrap prices explain ship scrap prices, but the price of nickel, crude oil, and seaborne trade have an even higher positive explanatory power on them. This dependence is mainly attributed to the economic nature of the major ship-breaking countries: they are all emerging economies, heavily relying on steel as well as nickel in their development process. ",
keywords = "Containers, dry bulk, ship recycling, tankers, vector autoregressive models",
author = "A. Andrikopoulos and A. Merika and A. Merikas and M. Tsionas",
note = "This is an Accepted Manuscript of an article published by Taylor & Francis in Maritime Policy and Management on 02/03/2020, available online:https://www.tandfonline.com/doi/full/10.1080/03088839.2020.1735007",
year = "2020",
month = nov,
day = "16",
doi = "10.1080/03088839.2020.1735007",
language = "English",
volume = "47",
pages = "985--1009",
journal = "Maritime Policy and Management",
issn = "0308-8839",
number = "8",

}

RIS

TY - JOUR

T1 - The dynamics of fleet size and shipping profitability

T2 - the role of steel-scrap prices

AU - Andrikopoulos, A.

AU - Merika, A.

AU - Merikas, A.

AU - Tsionas, M.

N1 - This is an Accepted Manuscript of an article published by Taylor & Francis in Maritime Policy and Management on 02/03/2020, available online:https://www.tandfonline.com/doi/full/10.1080/03088839.2020.1735007

PY - 2020/11/16

Y1 - 2020/11/16

N2 - We discover that in each shipping segment the price of scrap, earnings, and the fleet size are jointly determined. Deploying a Vector Error Correction model, we find that international steel-scrap prices explain ship scrap prices, but the price of nickel, crude oil, and seaborne trade have an even higher positive explanatory power on them. This dependence is mainly attributed to the economic nature of the major ship-breaking countries: they are all emerging economies, heavily relying on steel as well as nickel in their development process. 

AB - We discover that in each shipping segment the price of scrap, earnings, and the fleet size are jointly determined. Deploying a Vector Error Correction model, we find that international steel-scrap prices explain ship scrap prices, but the price of nickel, crude oil, and seaborne trade have an even higher positive explanatory power on them. This dependence is mainly attributed to the economic nature of the major ship-breaking countries: they are all emerging economies, heavily relying on steel as well as nickel in their development process. 

KW - Containers

KW - dry bulk

KW - ship recycling

KW - tankers

KW - vector autoregressive models

U2 - 10.1080/03088839.2020.1735007

DO - 10.1080/03088839.2020.1735007

M3 - Journal article

VL - 47

SP - 985

EP - 1009

JO - Maritime Policy and Management

JF - Maritime Policy and Management

SN - 0308-8839

IS - 8

ER -