Green premium and the role of financial investors in sustainable investment in container shipping

Haiying Jia, Liping Jiang and Paulo Azevedo

Transportation Research Part E: Logistics and Transportation Review, 2024, vol. 189, issue C

Abstract: Sustainable investment in tangible shipping assets is important for understanding investor behaviour and promoting sustainable development in the industry and the global economy. This research presents a framework for empirically testing the existence of the “green premium” for eco-ships and the role of financial investors in containership investments. Real transaction data from over 2000 sales and purchases of containerships between 2005 and 2023 are utilized in this study. A Generalized Structural Equation Modelling is employed to investigate the relationship among variables, including vessel value, eco-ships, investor categories, age, size, and others. The finding confirms the presence of a green price premium for the second-hand container eco-ships. Furthermore, financial buyers, who typically act as lessors in the financial leasing of ships in the shipping industry, have shown a more pronounced inclination towards investing in container eco-ships compared to operating buyers.

Keywords: Sustainable investment; Financial buyer; Operating buyer; Container vessel value; Green price premium (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1016/j.tre.2024.103658

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