Goulielmos, Alexandros M. - In: International Journal of Financial Studies : open … 6 (2018) 4, pp. 1-21
The inability of carriers to forecast “demand for containerships” led them to order larger ships. Maritime economists were also unable to forecast it. The new-buildings cut cost per TEU, but “estimated economies of scale” are exhausted with ships beyond 21,000 TEUs, higher than the...
