Energy efficiency and emissions control: The response of the second-hand containerships sector

George Kokosalakis, Anna Merika and Anna Triantafyllou

Energy Economics, 2021, vol. 100, issue C

Abstract: We explore factors that impact on price determination of second-hand containerships. Employing data-driven selection techniques to secure a sound model specification, we make use of a population of 5431 containerships and 1680 transactions registered in Clarksons database during 2005Q1-2020Q4. We find that energy efficiency, ship-specific characteristics, and attributes associated with buyers' and shipbuilders' nationality are significant determinants of ship price. The impact of environmental regulations as a driver of second-hand containership prices is also revealed. Compliance with emission controls impacts second-hand containership prices strongly and positively. Energy efficiency considerations are found to be increasingly important determinants of containership prices in the S&P market in the backwash of the 2008 crisis.

Keywords: Containerships; Second-hand ship price; Energy efficiency (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:100:y:2021:i:c:s0140988321002814

DOI: 10.1016/j.eneco.2021.105378

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