碩士 / 國立臺灣海洋大學 / 航運管理學系 / 101 / In recent years, the bulk shipping market is extremely variable. It is a challenge for bulk shipping companies making a decision on buying or chartering in ships to run their business. A bulk shipping company’s operational performance is influenced deeply by purchasing vessels with such a great price. To implement this research on the basis of international bulk shipping corporations, we plan to evaluate purchasing and chartering decision of vessels. Based on this standpoint, this study focused on analyzing the influence factors on purchasing and chartering vessels in dry bulk shipping corporations.
In the previous researches, most of them focused on market factors or only discussed the internal parts which influence the vessel purchasing decision separately. Thus, we use the ratio of amount of owned vessels divided by amount of chartered vessels as a dependent variable. Adopt the related independent variables including external and internal aspects of the latest five years from Clarkson and quarterly financial report from shipping companies, set up this data as a panel data and apply seemingly unrelated regression (SUR) to analyze the relations of dependent variables and independent variables.
We find out that the external variables, BDI, LIBOR, Secondhand price, new-building price and world fleet and internal variables, current asset of company, operation income and owned fleet size of company are the most significant features. Due to the delivery time of vessel, the present owned fleet and chartered fleet also be affected by six month and two month ago factors.
Since previous studies rarely established of this type of information as an analysis in dry bulk shipping company, so this study is precedent. Others can expand or create another research model and focus on one vessel type market.
| Identifer | oai:union.ndltd.org:TW/101NTOU5301015 |
| Date | January 2013 |
| Creators | 廖秀慧 |
| Contributors | Shiou-Yu Chen, 陳秀育 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 67 |
Page generated in 0.0016 seconds