Do Port State Control inspections influence flag- and class-hopping phenomena in shipping ?
The flag of registry and classification society are an integral part of the target factors used by Port State Control authorities (PSC) when deciding on vessels to select for inspection. A ship-owner may then have an interest in changing the flag of registry (flag-hopping) and classification society (class-hopping) to avoid future controls. Using data on PSCs collected over 6 years from 7,500 vessels, we study the relevance of this assumption using bivariate Probit models. Our estimates show that vessels in relatively bad conditions are more likely to be subject to flag- and class-hopping and that these phenomena are more likely amongst vessels which have changed flag and class in the past.
|Date of creation:||09 Feb 2010|
|Note:||View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00455155|
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- Jeffrey M Wooldridge, 2002.
"Simple solutions to the initial conditions problem in dynamic, nonlinear panel data models with unobserved heterogeneity,"
CeMMAP working papers
CWP18/02, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
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- Wayne K Talley, 1999. "Determinants of Ship Accident Seaworthiness," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 1(2), pages 1-14, December.
- Roberts, Stephen E. & Marlow, Peter B., 2002. "Casualties in dry bulk shipping (1963-1996)," Marine Policy, Elsevier, vol. 26(6), pages 437-450, November.
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