Methods of Raising Funds for Purchasing of New Cruise Ships by International Corporations

Kizielewicz Joanna ()
Additional contact information
Kizielewicz Joanna: Faculty of Entrepreneurship and Quality Science, Gdynia Maritime University, Gdynia, Poland

International Journal of Management and Economics, 2017, vol. 53, issue 2, 69-83

Abstract: The world’s cruise corporations regularly purchase large, luxurious cruise ships. In accordance with the Cruise Line International Association, 33 new ocean cruise ships will be available on the market by 2020. These types of capital expenditures are associated with large financial outlays of up to $ 1 billion. The leading cruise corporations are not able to finance purchases of new units with their own resources and therefore look for different solutions. Available publications focus mainly on issues related to purchasing cargo ships, not cruise ships. The objective of the article is to identify sources of funding of new cruise ships. Our analysis identifies the average capital expenditure associated with purchasing new cruise ships and factors that influence it. The most popular methods for raising such capital are also provided. Our research methodology relies on data exploration method, a desk research method and comparative analysis.

Keywords: business investment; capital expenditure; corporate investment (search for similar items in EconPapers)
JEL-codes: G3 G31 (search for similar items in EconPapers)
Date: 2017
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/ijme-2017-0013 (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:vrs:ijomae:v:53:y:2017:i:2:p:69-83:n:6

DOI: 10.1515/ijme-2017-0013

Access Statistics for this article

International Journal of Management and Economics is currently edited by Mariusz Próchniak

More articles in International Journal of Management and Economics from Warsaw School of Economics, Collegium of World Economy
Bibliographic data for series maintained by Peter Golla ().