Showing 1 - 10 of 12
The paper deals with maritime risk, which we consider important, no doubt, for ship-owners acting in volatile markets. Traditionally, risk is measured by "standard deviation". Other risk measures like "excess kurtosis", "excess skewness", "long-term dependence" and the "catastrophe propensity"...
Persistent link: https://www.econbiz.de/10011300238
The inability of carriers to forecast “demand for containerships” led them to order larger ships. Maritime economists were also unable to forecast it. The new-buildings cut cost per TEU, but “estimated economies of scale” are exhausted with ships beyond 21,000 TEUs, higher than the...
Persistent link: https://www.econbiz.de/10011963973
The inability of carriers to forecast 'demand for containerships' led them to order larger ships. Maritime economists were also unable to forecast it. The new-buildings cut cost per TEU, but 'estimated economies of scale' are exhausted with ships beyond 21,000 TEUs, higher than the present. As...
Persistent link: https://www.econbiz.de/10011996147
The efforts of IMO on the security of ports and ships after 11/9 are presented. IMO's resolution on fatigue of crews -cause of marine accidents- is also presented. The introduction of ISPS code -carried out under the pressure of USA- made by a non holistic approach, created a number of issues...
Persistent link: https://www.econbiz.de/10011725306
The great deficits created in the pursuit of the Keynesian welfare state led to governmental failure. This increasingly posed a greater risk to financial system than market failure, due to the increasing scale effects. Competition ceases to exist. The operations of markets first described by...
Persistent link: https://www.econbiz.de/10011725319
The paper deals with maritime risk, which we consider important, no doubt, for ship-owners acting in volatile markets. Traditionally, risk is measured by "standard deviation". Other risk measures like "excess kurtosis", "excess skewness", "long-term dependence" and the "catastrophe propensity"...
Persistent link: https://www.econbiz.de/10011725325
The efforts of IMO on the security of ports and ships after 11/9 are presented. IMO’s resolution on fatigue of crews -cause of marine accidents- is also presented. The introduction of ISPS code -carried out under the pressure of USA- made by a non holistic approach, created a number of issues...
Persistent link: https://www.econbiz.de/10011084947
Very high spot rates induce excessive orders this statement is tested. Time charter rates found not only to influence orders more than spot rates, but so does the price of shipbuilding. It is also shown that the surplus of supply over demand is a more accurate measure for shipowners in placing...
Persistent link: https://www.econbiz.de/10010937243
The paper calculates the concentration in 6 major routes of the "Greek ferry system" (2001-2010), important not only for international tourism, including Cruises, but also for the cohesion of the Greek space with EU. Worth noting is the consolidation of companies that took place, where from 25...
Persistent link: https://www.econbiz.de/10010255264
The efforts of IMO on the security of ports and ships after 11/9 are presented. IMO's resolution on fatigue of crews -cause of marine accidents- is also presented. The introduction of ISPS code -carried out under the pressure of USA- made by a non holistic approach, created a number of issues...
Persistent link: https://www.econbiz.de/10010469130