Highlights We analyse fleet renewal decisions, taking into account ship scrapping subsidies. We present a fleet renewal decision model which maximizes firm profit given market demand and a scrapping subsidy. We compare the optimal fleet renewal schemes with and without the subsidy. We apply the model to China COSCO Shipping.

    Abstract We introduce a novel dimension to the fleet renewal decisions of a shipping company, taking into account the effects of ship scrapping subsidies. The fleet renewal behavior of a company is analyzed with focus on early scrapping decisions prompted by the subsidy. We present a fleet renewal decision model which maximizes firm profit given market demand and the features of a scrapping subsidy. To assess the effects of a potential subsidy on corporate decisions, we compare the optimal fleet renewal schemes with and without the subsidy. We calculate the outcome of such a policy measure for China COSCO Shipping.


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    Titel :

    The impact of ship scrapping subsidies on fleet renewal decisions in dry bulk shipping


    Beteiligte:


    Erscheinungsdatum :

    2019-04-24


    Format / Umfang :

    13 pages




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Englisch




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    Engineering Index Backfile | 1926


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    Taylor, Benjamin | Engineering Index Backfile | 1903


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    French shipping subsidies

    Engineering Index Backfile | 1904