The impact of freight rates on ship scrapping decisions : a comparative analysis of scrapping markets in South and East Asia
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Keywords
Demolition ; Asia ; Steel ; Yard ; Policy ; Ship ; Rates ; EnvironmentAbstract
This thesis investigates the intricate relationship between freight rate fluctuations and ship scrapping decisions, emphasizing the cyclical nature of the shipping industry. It explores how market conditions—including vessel earnings, fuel prices, and fleet age profiles—affect owners' decisions to scrap or retain vessels. A key focus is placed on the comparative analysis of ship recycling markets in South and East Asia, particularly examining the differing economic and operational dynamics of leading scrapping hubs such as Alang, Chattogram, and Gadani.
The study examines a range of influential factors, including global steel demand, evolving environmental standards, and government regulations that shape regional practices. The research incorporates both qualitative insights and quantitative analysis, featuring multiple graphs that illustrate historical freight and scrapping trends. Furthermore, a regression analysis is conducted to identify statistically significant correlations between freight rates and scrapping activity across different vessel segments.
By providing a holistic overview of the drivers behind scrapping decisions, this thesis offers valuable insights for shipowners, policymakers, and industry analysts navigating the volatile landscape
of maritime asset management.
Postgraduate Studies Programme
ΔΠΜΣ στη Διοίκηση στη Ναυτική Επιστήμη και ΤεχνολογίαDepartment
Σχολή Ναυτιλίας και Βιομηχανίας. Τμήμα Ναυτιλιακών ΣπουδώνCorporate Department
Hellenic Naval AcademyNumber of pages
53Language
EnglishCollections
Except where otherwise noted, this item's license is described as
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα