COVID-19 pandemic clearly demonstrates that seafarers are essential for sustaining world shipping services and global supply chain. Understanding the characteristics of supply and demand in seafarer market will be a solution for the bottleneck issues of seafarer change and shipping services....

This open access book explores the history of risk management in medieval and early modern European maritime business, focusing particularly on 'General Average' - a mechanism by which extraordinary expenses regarding ship or cargo, incurred during a voyage to save the venture, are shared...

The aim of this study is to construct monthly coincident and leading composite indicators for the shipping industry in Korea. The coincident and the leading indicators are computed using the generalized dynamic factor model. We use the production index of the water transport industry as the...

We analyze an integrated inventory supply chain and seek the optimal production lot, optimal production rate, and optimal (integer) number of shipments per production lot. An increasing need for higher operational efficiency, as well as growing competition among multiple products for a limited...

Purpose: Although additive manufacturing (AM; 3D printing/3DP) is presently in its infancy, once it becomes economically viable for mass production, it would revolutionize the operation and supply chain network of traditional businesses and manufacturing industries. To this end, approaches for...

During the pandemic, there have been unprecedented increases in the cost of shipping goods accompanied by delays and backlogs at the ports. At the same time, import price inflation has reached levels unseen since the early 1980s. This has led many to speculate that the two trends are linked. In...

I show that the maritime shipping industry – handling above 80% of global trade flows – has evolved over the past decades to systematically evade “corporate responsibilities,” i.e., compliance with regulatory standards and potential tort liabilities. Shipping firms increasingly...

This paper aims to model the probability of a borrower violating an asset value covenant in a shipping bank loan agreement, where the main collateral (the vessel) exhibits very high price volatility. We estimate a logistic regression model on the largest dataset of shipping bank loans examined...