The effects of shipping cycles characteristics on the operating cost behavior of shipping firms

Chaidos, Christoforos; Χάιδος, Χριστόφορος

Οι επιπτώσεις των χαρακτηριστικών των ναυτιλιακών κύκλων στη συμπεριφορά του λειτουργικού κόστους των ναυτιλιακών εταιρειών

Master Thesis

Author

Chaidos, Christoforos

Χάιδος, Χριστόφορος

Date

2024-11

Abstract

This thesis investigates the characteristics of shipping cycles and their effects on the operating cost behavior of shipping companies. The primary aim is to comprehend how shipping owning companies interpret, analyze and react to the volatility of the shipping market. Adjustability to the fluctuating demand for shipping transport, different freight rates and the inherent characteristics of the shipping cycles, significantly influence the cost structure and performance of shipping companies. The results of this study demonstrate the primary aspects of shipping cycles, including their stages, their characteristics and their duration. Based on these findings, we observe and examine how successfully shipping firms handle cyclical volatility, through strategic structure and managerial plans. In addition to the theoretical aspects, this research provides practical approaches which are crucial for the sustainability and development of shipping companies, within an unpredictable environment. The comprehension of the market conditions and the selection of an effective cost management strategy are crucial for the accomplishment of operational efficiency, mitigation of financial distress and successful investing decisions. The strategies that facilitate quick adjustability and rabid responses are valuable tools that aim economic growth. In the final analysis, this thesis addresses the effects of different shipping stages and how they are being managed. Policy, fleet size and future expectations are the main elements that determine the company’s approach in the cyclical volatility. This study displays how different shipping companies adopt different strategies that target long-term sustainability and strong presence in the market.

Postgraduate Studies Programme

Shipping Management

Department

Σχολή Ναυτιλίας και Βιομηχανίας. Τμήμα Ναυτιλιακών Σπουδών

Number of pages

117

Language

English

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/17200
http://dx.doi.org/10.26267/unipi_dione/4623

Collections

Τμήμα Ναυτιλιακών Σπουδών

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Except where otherwise noted, this item's license is described as
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα