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Outsourcing ship management: Implications for the logistics chain


  • Pierre Cariou

    (World Maritime University - Malmø University, Euromed Marseille - École de management - Association Euromed Management - Marseille)

  • François-Charles Wolff

    (INED - Institut national d'études démographiques, LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - UN - Université de Nantes)


The purpose of this paper is to contribute to a better understanding of the probability that shipping companies outsource the management of vessels to ship management companies, a decision with many implications for the logistics chain. Data on 39,925 vessels are used to investigate to the extent to which 4,049 different ship-owners (each operating a fleet of at least two vessels) outsource to ship-management service providers. We rely on multinomial Logit random and fixed effects regressions to explain how the characteristics of the owners and vessels influence this decision. We find that the size of the firm in terms of the number of vessels and the number of different types of vessels influence the likelihood of outsourcing. Also, ship-owners frequently implement a mixed strategy and outsource only some of their vessels.

Suggested Citation

  • Pierre Cariou & François-Charles Wolff, 2011. "Outsourcing ship management: Implications for the logistics chain," Working Papers hal-00593742, HAL.
  • Handle: RePEc:hal:wpaper:hal-00593742
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    References listed on IDEAS

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    6. Bikhchandani, Sushil & Hirshleifer, David & Welch, Ivo, 1992. "A Theory of Fads, Fashion, Custom, and Cultural Change in Informational Cascades," Journal of Political Economy, University of Chicago Press, vol. 100(5), pages 992-1026, October.
    7. Sunil Sharma & Sushil Bikhchandani, 2000. "Herd Behavior in Financial Markets; A Review," IMF Working Papers 00/48, International Monetary Fund.
    8. Abhijit V. Banerjee, 1992. "A Simple Model of Herd Behavior," The Quarterly Journal of Economics, Oxford University Press, vol. 107(3), pages 797-817.
    9. Diamond, Douglas W. & Verrecchia, Robert E., 1987. "Constraints on short-selling and asset price adjustment to private information," Journal of Financial Economics, Elsevier, vol. 18(2), pages 277-311, June.
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