IDEAS home Printed from https://ideas.repec.org/a/ids/ijdsrm/v8y2018i1-2p22-39.html
   My bibliography  Save this article

The role of China in the global shipping industry, with emphasis on the dry bulk market

Author

Listed:
  • Georgia Kobougia
  • Dimitrios Kyrkilis

Abstract

This paper examines the role of China in the development of the global maritime industry, focusing on the dry bulk market. The gradual reforms of the Chinese economy starting from the late 70s until the country's accession to the World Trade Organization in 2001 triggered an unprecedented growth of all sectors of the shipping industry, with the dry bulk sector being in the epicentre of the trading boom. China became one of the main driving forces of the demand and supply of ship transportation. An econometric model has been developed to test the validity of the theoretical analysis. Through a multiple regression model, a series of Chinese economy-related variables, potential drivers of the demand and supply of ship transportation, have been estimated as to their effect on the dry bulk market earnings using the OLS technique. Six of these factors, including the Chinese industrial production growth, the Chinese dry bulk seaborne imports, the Chinese-owned dry bulk fleet and the Chinese shipyards' output, are proved to be statistically significant determinants of the dry bulk vessels' earnings. The evaluation of the regression results provides sufficient comfort in relation to the validity of the conclusions.

Suggested Citation

  • Georgia Kobougia & Dimitrios Kyrkilis, 2018. "The role of China in the global shipping industry, with emphasis on the dry bulk market," International Journal of Decision Sciences, Risk and Management, Inderscience Enterprises Ltd, vol. 8(1/2), pages 22-39.
    • Handle: RePEc:ids:ijdsrm:v:8:y:2018:i:1/2:p:22-39
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=95105
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijdsrm:v:8:y:2018:i:1/2:p:22-39. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=254 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.