Ship owners and operators are continuously seeking financially viable ways to comply with the Sulphur emission limits set out by the IMO, which calls for a reduction of sulphur content in ship fuel to less than 0.5% in 2020. The prudent decision in managing required energy sources by...

This explanatory empirical study aims to investigate the relationship and contribution of the prevailing trends and factors within the shipping industry related to the maritime communications and technology market. It is widely acknowledged that the maritime industry is currently experiencing a...

The transition from sail to steam for emigrant ships on the route to Australia took place in the early 1880s, nearly two decades later than on the route across the Atlantic. The lag can be accounted for by the incremental improvement in steam technology and by aspects of economic and business...

This research examines the factors that influence the safety climate in the maritime industry, focusing on employee competence, use of safety equipment, and safety training in Indonesian shipping companies. The research proposes that variations in ship operations contribute to different levels...

HRM is forced to adapt and reinvent its practices towards more innovative and creative frameworks and models, due to the impetus technological developments in the modern business environment. The same applies to the elements of the organizational culture and corporate structure, which are...

Shipping is a heavily regulated sector, and autonomous ships will by no means be able to escape the public regulator's agenda. Furthermore, regulatory adaptation is necessary because current laws oppose the introduction of this new technology. In contrast to maritime shipping, in which...

As climate change continues to pose a significant threat to our planet, international maritime shipping plays a crucial role in mitigation efforts. Recognizing the urgency, the International Maritime Organization (IMO) has revised its targets, now aiming for full decarbonization by 2050....

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...

In this paper, we use a logit model to predict the probability of default for Korean shipping companies. We explore numerous financial ratios to find predictors of a shipping firm’s failure and construct four default prediction models. The results suggest that a model with industry specific...

The tourism industry is very important to the economic prosperity of a country, even in a period of economic crisis. In last decade, tourism industry of Greece, which contributes significantly to the country's economy, faced many problems challenges during the economic crisis. To shed light on...

Background: This paper revolves around a meticulous exploration aimed at discerning the impact of total quality management (TQM) and service quality (SQ) practices upon the financial performance (FP) of firms within the container shipping industry. Our pursuit extends further, delving into the...

The domestic shipping industry has a crucial role in the Philippine economy as it serves as the backbone supporting domestic trade and provides an affordable means of interisland transfer. However, the industry is riddled with inefficiencies with interrelated consequences such as high cost of...

We explore, for the first time in the literature, how the revenues of ship management companies respond to macroeconomic exogenous shocks. Using data for ship-management companies in Cyprus, we find evidence that a demand shock has the largest impact on revenues, exhibiting an almost one-for-one...

I show that the maritime shipping industry – handling above 80% of global trade flows – has evolved over the past decades to systematically evade “corporate responsibilities,” i.e., compliance with regulatory standards and potential tort liabilities. Shipping firms increasingly...

The influx of shipping receipts from the world's leading fleet has been critical for the development of the Greek economy. Following the fateful September of 2008, the range and speed of the shift in direction of the freight rates, combined with the general economic and credit climate, have had...

The Greek Shipping Estimation Model aims to provide a coherent statistical framework for the estimation of Balance of Payments (BoP) items related to shipping activity, based on administrative sources and commercial databases. Given the multi-territorial nature of the shipping sector and its...

Analyses of accident investigation reports show that attempting to simultaneously perform tasks onboard ships to manage workload has led to many accidents at sea. These accident reports point out that seafarers fail to follow procedures as expected by shipping companies when conducting tasks...

Despite the sharp equity-market sell off in March 2020, due to concerns about the boisterous spread of the Coronavirus Disease (COVID-19), the frenzy of stock trading in U.S. equities over the past twelve months is showing no signs of abating. Recent academic research suggests that, among...

The decision making process in strategic shipping financial management consists of three main pillars: investment, financing and operation. Each pillar defines its own sub-universe and constitutes its own market with its own rules. The investment pillar refers to the market for newly built and...

The shipping industry is considered the main vector of introduction of marine non-indigenous species (NIS). NIS distributions are often a consequence of frequent trade activities that are affected by economic trends. A dominant trend in the shipping industry is the operation of Ultra Large...

Cold ironing has the potential to reduce the impact of ship exhausts in densely populated areas. However, especially for tankers, the implementation of this concept is almost non-existent. Still, these vessels have a relatively high port energy use, despite relatively short port visits, as they...

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,...

Unlike commercial vessels, training ships have the unique purpose of providing students attempting to become ships’ officers with the onboard training education referred to in the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW code). More...

Ziel des Beitrages ist es, die geschäftspolitischen Entscheidungen der Reedereien in dem extrem volatilen Umfeld einer Pandemie, geprägt von regulatorischen und operativen Schwierigkeiten, zu analysieren, um anschließend nachzuvollziehen, wie die gesamte Branche der Containerlinienreedereien...

Purpose: Oceans are a dominant means for transport of goods, which in turn has caused a boom in data volumes exchanged at sea. Internet connectivity at sea is heavily reliant on satellites, but it suffers from high cost, low bandwidth and complex regulatory requirements. This acts as an impetus...

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...

Shipping is pivotal for global commerce, yet its externalities are not yet fully set into context, especially with reference to environmental impact. Shipping is a practise developed from the dawn of history. Its manifestation requires the introduction of relevant supporting industries as well,...