Measuring Eco-Efficiency of the Global Shipping Sector Based on an Energy and Environmental Approach: A Dynamic Slack-Based Measure Non-Oriented Model

Dimitrios Parris, Konstantinos Spinthiropoulos, Konstantina Ragazou (), Vasileios Kanavas and Constantinos Tsanaktsidis
Additional contact information
Dimitrios Parris: Department of Management Science and Technology, University of Western Macedonia, GR50100 Kozani, Greece
Konstantinos Spinthiropoulos: Department of Management Science and Technology, University of Western Macedonia, GR50100 Kozani, Greece
Konstantina Ragazou: Department of Accounting and Finance, University of Western Macedonia, GR50100 Kozani, Greece
Vasileios Kanavas: Department of Management Science and Technology, University of Western Macedonia, GR50100 Kozani, Greece
Constantinos Tsanaktsidis: Department of Chemical Engineering, University of Western Macedonia, GR50100 Kozani, Greece

Energies, 2023, vol. 16, issue 19, 1-19

Abstract: The compatibility of shipping with environmental protection is a subject that the international community is becoming increasingly concerned about, considering the threat of climate change. The current study aims to assess the worldwide shipping sector’s eco-efficiency performance for the first time using the Dynamic Slack-Based assess non-oriented Data Envelopment Analysis methodology, while the visualization of the results has been made with the geographic information system of ArcGIS. The findings show that the most vibrant shipping sectors in the world, such as the Marshall Islands, present the lowest eco-efficiency levels due to the nations’ roles as tax havens for shipowners. Furthermore, traditional maritime economies such as the Chinese one show a great growth in the eco-efficiency score due to the strategies of the shipping companies that are headquartered in the region to invest and adopt Environmental, Social, and Governance principles, which help them to achieve high scores in eco-efficiency. Finally, nations with small fleets have the greatest eco-efficiency score, as local governments have engaged in sustainable activities and initiatives over the previous four to five years to enable their marine industry to thrive and dominate the market.

Keywords: environmental efficiency; energy; dynamic slack based model; sustainability; ESG (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1996-1073/16/19/6997/pdf (application/pdf)
https://www.mdpi.com/1996-1073/16/19/6997/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:16:y:2023:i:19:p:6997-:d:1255583

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().