Determinants of Container Ship Investment Decision and Ship Choice

Ship investment is one of the most complicated yet essential decisions vexing both existing and potential shipowners, due to market uncertainty and competition. This research applies choice models on observed ship investment data to examine shipowners’ behaviour in making investment decisions and selecting specific ships. The authors found that ship investment increases with the growth rate of demand, but not of price. Preference for large ships is more sensitive to unit cost. The substitutability of new vessels with an equal-size used ship increases with ship size; for second-hand vessels, it decreases.

• Record URL:
  http://www.icms.polyu.edu.hk/Proceedings/Proceedings%20of%20IFSPA%202010.pdf
• 
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/9789623677165
• Corporate Authors:

  Hong Kong Polytechnic University

  Department of Logistics and Maritime Studies
  11 Yuk Choi Road, Hung Hom
  Kowloon, Hong Kong  China 

  Southwest Jiaotong University

  No. 111, 1st North Section, Erhuan Road
  Chengdu, Sichuan  China  610031
• Authors:
  • Luo, Meifeng
  • Fan, Lixian
• Conference:
  • International Forum on Shipping, Ports and Airports (IFSPA) 2010 - Integrated Transportation Logistics: From Low Cost to High Responsibility
  • Location: Chengdu Sichuan, China
  • Date: 2010-10-15 to 2010-10-18
• Publication Date: 2011-1

Language

• English

Media Info

• Media Type: Web
• Features: Figures; References; Tables;
• Pagination: pp 449-461
• Monograph Title: Proceedings of the International Forum on Shipping, Ports and Airports (IFSPA) 2010 - Integrated Transportation Logistics: From Low Cost to High Responsibility, 15 - 18 October 2010, Chengdu, Sichuan, China

Subject/Index Terms

• TRT Terms: Choice models; Containerships; Decision making; Investments; Logits
• Subject Areas: Economics; Marine Transportation; I10: Economics and Administration;

Filing Info

• Accession Number: 01341235
• Record Type: Publication
• ISBN: 9789623677165
• Files: TRIS
• Created Date: May 30 2011 6:50AM