Merikas, Andreas G.; Merika, Anna A.; Koutroubousis, George - In: Maritime Policy & Management 35 (2008) 5, pp. 433-447
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 market for almost all kinds of vessels exists. We argue that one of the prime considerations for the investment...