The domestic shipping industry has a crucial role in the Philippine economy as it serves as the backbone supporting domestic trade and provides an affordable means of interisland transfer. However, the industry is riddled with inefficiencies with interrelated consequences such as high cost of...

Classification societies play a major role in maritime safety and the regulation of the international shipping market. They have a dual mission, namely the classification and certification of ships. Paradoxically, the academic literature on the strategic behaviour of classification societies...

The shipping industry has been quite successful in reducing the number of major accidents in the past. In order to continue this development in the future, innovative leading risk indicators can make a significant contribution. If designed properly, they enable a forward-looking identification...

The domestic shipping industry has a crucial role in the Philippine economy as it serves as the backbone supporting domestic trade and provides an affordable means of interisland transfer. However, the industry is riddled with inefficiencies with interrelated consequences such as high cost of...

Many public goods like lighthouses and fire departments do not provide direct utility but act as insurance devices against shipwreck and destruction. They either diminish the size and/or the probability of the loss. We extend the public good model with this insurance aspect and generalize...