Abstract This paper contributes to the maritime transport literature by examining the relative efficiency of firms in the three key sectors of the shipping industry, i.e. dry, wet and container shipping. Two relative efficiency models are developed to assess relative market and relative operating performance efficiency. The theoretical framework of fundamental analysis is adopted to derive the inputs and outputs in the efficiency models which are assessed using data envelopment and stochastic frontier analysis. Shipping companies were found to exhibit average market efficiency. Market and operating performance efficiency of maritime firms is not consistent. Tanker companies are more market efficient whereas container shipping firms are found to have high operating performance efficiency but were market inefficient. Dry bulk firms were found to have the lowest ratings of market efficiency.
The relative efficiency of shipping companies
Transportation Research Part E: Logistics and Transportation Review ; 47 , 5 ; 681-694
2010-12-17
14 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
The relative efficiency of shipping companies
Online Contents | 2011
|The relative efficiency and financial risk assessment of shipping companies
Taylor & Francis Verlag | 2014
|SHIPPING - Shipping companies -- From despair to where?
Online Contents | 2001
Online Contents | 1995
The Nigerian shipping industry and indigenous shipping companies
Taylor & Francis Verlag | 2005
|