Ship-owners' decisions to outsource vessel management
Shipping companies frequently outsource the management of their vessels. In this paper, we use data from Lloyd's Register Fairplay (2009) on 45,456 vessels belonging to 9,580 different shipowners to investigate the extent of outsourcing in shipping and to identify key factors affecting the likelihood of outsourcing. The results of our econometric analysis indicate that ship-owners' decisions to outsource are explained by the characteristics of the vessels in question (age, type, size) and the characteristics of the ship-owner (country of domiciliation, number of vessels). In addition, a specific country effect is identified for Greek ship-owners, which is in line with the findings of previous studies.
|Date of creation:||2011|
|Date of revision:|
|Note:||View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00593739/en/|
|Contact details of provider:|| Web page: http://hal.archives-ouvertes.fr/|
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