Purpose: This paper aims to explore the effect of interlocking directorates on agency conflicts and corporate performance in the shipping industry. Design/methodology/approach: The authors use social network analysis to discover central nodes in the network of personal and corporate connections...

This paper explores the business transactions between a company and its own shareholders, or their affiliates, also known as related party transactions, by compiling a unique panel data set of US public maritime shipping companies for 2011 to 2018, a period of ample liquidity due to extensive...

We discover that in each shipping segment the price of scrap, earnings, and the fleet size are jointly determined. Deploying a Vector Error Correction model, we find that international steel-scrap prices explain ship scrap prices, but the price of nickel, crude oil, and seaborne trade have an...

Purpose: This paper aims to explore the effect of interlocking directorates on agency conflicts and corporate performance in the shipping industry.Design/methodology/approach: The authors use social network analysis to discover central nodes in the network of personal and corporate connections...

We investigate second-hand vessel price heterogeneity. Based on a sample of 5,591 purchase and sale transactions in the dry bulk sector over the period 1998-2016, we deploy a nonparametric regression technique to assess the determinants of vessel price and vessel price variability. Next, we use...