In this paper, we consider the benefits of applying system dynamics in maritime economics.
We build an endogenous shipowners' model for the dry bulk sector, incorporating both the …

It is often the case that the investor in the shipping sector faces the dilemma of investing in a
second-hand vessel or building a new one. This happens because an active second-hand …

The Annual Conference of the International Association of Maritime Economists (IAME 2013)
took place from 3 to 5 July 2013 in Marseille. Co-organized by Kedge Business School …

In this paper, we assess the Efficient Market Hypothesis (EMH) in relation to dry bulk
shipping in the short run. The aim is to explain why freight rates in the different ship …

The inland navigation sector in Western Europe has gone through major changes in the last
decade and is to be found high on the European as well as national agendas. Its role is …

Pirate attacks continue to plague the maritime industry, causing incalculable damage to
property and persons, and necessitating naval escorts through dangerous waters in order to …

The Covid-19 pandemic has severely impacted the world economy, generating an
unprecedented shock that pushed carriers to adapt to the collapse of demand. Most of the …

The paper develops and analyses a dynamic general equilibrium model with
heterogeneous agents that can be used for assessment of the economic consequences of …

In this article we derive an equation defining contemporaneous equilibrium prices across the
four shipping markets: the newbuilding market, the second-hand market, the demolition …

Large deep-sea ports are complex environments where different parties work together to
handle ships. The ability to model the deep-sea ship handling process is desired with the …