This study examines the effectiveness of digital recruitment platforms in addressing labor shortages within Norway's shipbuilding and ship-repair industry. Through a data analysis of 446 job applications over a 12-month period, this study evaluates key recruitment metrics, including application...

E-fuels, in particular e-diesel, will have to play a key role in replacing fossil fuels in shipping and thus promote climate change mitigation in this sector. However, at present, it remains uncertain whether e-diesel will indeed be utilized in the coming years, further adding to the challenge...

Welding processes are critical for shipbuilding operations in shipyards. Welders’ performance is critical for the quality and speed of the welding; on the other hand, welding requires awkward and repetitive body postures for long durations, which has a negative impact on the Occupational...

"In the 1990s, states in what would become the eastern edge of the European Union transformed their political systems and economies, leaving state socialism behind for liberal democracies and free markets. In the ensuing decades, two shipyards that were once the pride of their cities – in...

Despite the historic prevalence of industrial policy and its current popularity, few empirical studies directly evaluate its welfare consequences. This paper examines an important industrial policy in China in the 2000s, aiming to propel the country’s shipbuilding industry to the largest...

Shipbuilding is an energy-intensive industrial sector that produces a significant amount of waste, pollution and air emissions. However, the International Maritime Organization concentrates only on reducing emissions during the operational phase. In order to completely phase out emissions from...

Digital transformation and automation in the shipping industry is resulting disruptive changes to ship design, operations, and manning that aim to enhance safety, efficiency, and the environmental sustainability of maritime logistics. While there is growing research interest in these areas,...

This study investigates asymmetries in the capital structure speed of adjustment in the case of a capital-intensive industry. Employing a sample of globally listed maritime, manufacturing and services firms between 1995 and 2020, we estimate a regime-switching partial adjustment model, to test...

The paper outlines the most important shipbuilding strategies in Romania that would allow this industry to increase its performance to be competitive. The research is mainly based on the collection of information from experts in the field from ANCONAV (Romanian Shipbuilders Association),...

The so-called “Fourth Industrial revolution”, also termed as “Industry 4.0” in the wider literature, is associated with several cutting-edge technologies. Indicative examples in this category are advanced applications like Artificial Intelligence (AI), Big Data Analytics (BDA), Cloud...

The COVID-19 pandemic has augmented pre-existing digitalization and environmental trends. In the maritime industry, one of the marked impacts of the pandemic is how the regard for technology has changed. There is now greater appetite and acceptance of digital solutions across the industry. This...

Industrial policy has been used throughout history in some form or other by most countries. Yet, it remains one of the most contentious issues among policymakers and economists alike. In part, this is because the empirical evidence on whether and how it should be implemented remains slim. Scant...

"This book evaluates the ways in which maritime transactions can achieve global decarbonisation targets in accordance with contract governance theory. The chapters cover a wide spectrum of considerations and external influences on shipping contracts to enhance the effectiveness of green terms....

With the rise of the East Asian countries, Italian shipbuilding industry steered its rudder to a more specialized production of complex ship types, in particular cruise ships. Italian shipbuilders have responded with agility to various economic challenges which affected the shipbuilding industry...

Denmark has a long history in marine industry. Although newbuilding activity has decreased significantly since the late 1970s, based on its long history and well-established expertise within the industry, Denmark continues to have a strong maritime value chain including marine equipment, ship...

The Finnish maritime industry has evolved over five development waves that have made the industry innovative and technologically advanced. Finnish yards are very dependent on the global market given the relatively small size of Finland’s domestic market and the fact that only special vessels...

Romania’s shipbuilding industry, with its roots going back to the early 1900s and a strategic location at the Black Sea and Danube River, plays an important role in the Southeast region’s economy and employment. Romanian shipyards construct a diverse set of vessel types from tugboats to navy...

Poland has a long and dynamic history in the shipbuilding industry. The shipbuilding industry in Poland was affected by social and political changes in the late 1980s since most of Poland’s shipyards were owned by the State. Ship completions declined following the 2008 financial crisis and the...

Croatia’s strategic position along the Adriatic Sea has historically positioned it as a key player in the global shipbuilding industry. Despite a significant decline in ship production by 75% in CGT following the sector’s privatisation in 2013, in time with its accession to the EU, the...

We show how uncertainty shapes the asset allocation, composition, productivity, and value of capital-intensive firms. We do so using detailed, near-universal data on shipping firms' new orders, secondary-market transactions, and demolition of ships. Firms curtail both the acquisition and...

We show how uncertainty shapes the asset allocation, composition, productivity, and value of capital-intensive firms. We do so using detailed, near-universal data on shipping firms' new orders, secondary-market transactions, and demolition of ships. Firms curtail both the acquisition and...

During the transitional period at the end of the 20th century, Croatian small composite shipbuilding (SCS) had merely 27 models. Still, at the end of the first decade of the 21st century, this innovative industry showed resilience and readiness to adapt to the new business conditions and created...