Ship-owners' decisions to outsource vessel management

Pierre Cariou () and François-Charles Wolff
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Pierre Cariou: World Maritime University - Malmö Högskola = Malmö University, Euromed Marseille - École de management - Association Euromed Management - Marseille

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Abstract: Shipping companies frequently outsource the management of their vessels. In this paper, we use data from Lloyd's Register Fairplay (2009) on 45,456 vessels belonging to 9,580 different shipowners to investigate the extent of outsourcing in shipping and to identify key factors affecting the likelihood of outsourcing. The results of our econometric analysis indicate that ship-owners' decisions to outsource are explained by the characteristics of the vessels in question (age, type, size) and the characteristics of the ship-owner (country of domiciliation, number of vessels). In addition, a specific country effect is identified for Greek ship-owners, which is in line with the findings of previous studies.

Date: 2011
Note: View the original document on HAL open archive server: https://hal.science/hal-00593739
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Citations: View citations in EconPapers (4)

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Journal Article: Ship-Owners' Decisions to Outsource Vessel Management (2011)
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