Strategy assessment in investment of a dry bulk tanker

• Simonetta Zamparelli ^[1] ; Mauro Catalani ^[2]
  1. [1] University of Molise

     University of Molise

     Campobasso, Italia

     
  2. [2] Department of Economic and Legal, University of Naples Parthenope
• Localización: Maritime Transport'16 / coord. por Francisco Javier Martínez de Osés, Marcella Castells Sanabra, 2016, ISBN 978-84-9880-591-8, págs. 433-442
• Idioma: inglés
• Enlaces
  • Texto Completo Libro
• Resumen

  • The knowledge of the financial structure of a shipping company consisting of equity and loan is a pre-requisite for the evaluation of a strategic investment. The main objective of this paper is the study of shipowner’s behavior when choosing the best investment among different types of dry bulk tanker. The methodology is based on the comparison of the Financial Costs-Benefits Analysis (CBA) and the Random Utility Maximization (RUM) approaches for the choice of the best strategic decision of a Handy ship investment.

    The choice alternatives are between a new building vessel (from the shipbuilding) and a second hand vessel (in operation by 5 years).

    The effect of the research consists of a method that randomizes the variables influencing the behaviour strategy of the shipowner when choosing