碩士 / 國立臺灣海洋大學 / 航運管理學系 / 97 / In recent years, among shipping related industries, the variation of bulk shipping market has been the most challenging, and the strategy management in bulk shipping differs from that of liner shipping. Additionally, the fierce fluctuation in prices of newbuilding and second-hand vessels has accelerated the difficulty in making purchasing decisions. In Taiwan, most bulk shipping corporations own small-scale ship deadweight tonnages only; therefore, each ship purchasing decision would have deep and far influence on the shipping corporations. Implementing this research on the basis of bulk shipping corporations, we plan to evaluate purchasing decisions of newbuilding and secondhand vessels. Because of the discrepancy in the influence factors and the lack of an overall evaluation criterion for making purchasing decisions, bulk shipping corporations are exposed to considerable risks. For this reason, in order to discuss the ratio of secondhand price (SP) divided by newbuilding price (NP) and the variations in Capesize, Panamax, Supramax and Handysize as a reference for vessel purchasing decision-making, we not only adopt the related variables of the last decade (January 1997 to December 2008) from Clarkson but also apply the methods of ADF Test, Stepwise Regression and Multiple Regression. Results demonstrate as follows:
1. In secondhand vessel purchasing decisions, secondhand vessel transaction volume, variation of CGT and crude price are the most significantly in Capesize sectors. In Panamax sectors, the influences of secondhand vessel price on variation of new building price, T/C hire, crude price, secondhand vessel transaction volume and demolition of vessel volume. In Supramax sectors, variation of T/C hire and CGT are the most significantly. In Handysize sectors, variation of new building price, T/C hire and demolition of vessel volume are the most significantly.
2. In analyzing purchase new building vessel or secondhand vessel, we use SP/NP ratio as a dependent variable. In Capesize sectors, secondhand vessel transaction volume and crude price are the most significantly. T/C hire is the most important variable in Panamax and Supramax. In Handysize sectors, T/C hire and demolition of vessel volume are the most significantly.
The findings in this research can serve as a good reference in making ship purchasing decisions for bulk shipping corporations, and will benefit bulk shipping corporations by helping them use the model for price evaluations.
| Identifer | oai:union.ndltd.org:TW/097NTOU5301025 |
| Date | January 2009 |
| Creators | Che-Yi Lin, 林哲毅 |
| Contributors | Cheng-Chi Chung, 鍾政棋 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 59 |
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