Suchergebnisse

In this paper we present, for the first time, the price formation of China's dry bulk carrier using vessel prices quoted by major Chinese shipyards in actual shipbuilding orders. This allows us to investigate the relationship of price and determinants in the Chinese shipbuilding industry by including generic market factors as well as Chinese elements. The analysis, employing Principal Component Regression (PCR) approach, indicates that the time charter rate has the most significantly positive impact. While increases in other four factors, namely shipbuilding cost, price cost margin, shipbuilding capacity utilization and credit rate, have descending order of positive influences. Different from traditional perception, we assert that the most important role of time charter rate plays mainly attributes to the 'China Factor' in bulk carrier sector. In addition, simulations are performed to investigate what would happen to the Chinese dry bulk carrier prices under changes of time charter rate and shipbuilding cost. This paper has implications for the Chinese shipyards, shipbuilding industry customers and industry policy makers. Acknowledgment - This research is partly funded by the Chinese Scholarship Council and TORM Foundation.

Abstract environmental concerns have become important in the shipbuilding industry. Governmental expectations about environmental and social performance are much higher than in the past. Public authorities penalize companies that do not comply with the rules. Shipbuilding companies face these challenges by introducing new technologies into their business processes. They do not only start initiatives to green their own business processes but also those of their supply chain partners. This form of environmental management is called green supply chain management (grscm) and its importance is increasingly recognized. Although grscm is growing, companies are experiencing difficulties engaging suppliers in environmental activities.this empirical study analyses drivers for supply chain participation of suppliers in the shipbuilding industry. We explain the participations of suppliers in grscm practice by investigating influencing factors including governmental involvement in greening the supply chain, customer requirements towards green issues, feeling of social responsibility, competitive advantage by going green, and grscm readiness. Hypotheses are tested with partial least squares, using survey data of 93 suppliers of two leading shipbuilding companies. We found grscm readiness, competitive advantage, and social responsibility to be significant drivers in supplier participation. No significant support was found for governmental involvement and customer requirements.

China's growing shipbuilding prowess is very relevant to the analysis of China's defense and dual-use economies. A recent article from the Economic Daily Times says China's shipbuilding development should focus on seeking deeper integration between civil and military shipbuilding to "develop areas of mutual benefit and raise ship technology to new levels." Dual-use aspects of commercial shipbuilding are fewer than in the aviation and spaceflight sectors, for example, and direct civil-to-military technology transfer is limited. That said, the development of maritime industry human capital, indigenous industrial innovation, and the ability to rapidly build merchant-type ships all have important defense implications.