English Polski
Akademia Morska w Szczecinie

DSpace Home

DSpace/Manakin Repository

Show simple item record

Author Gostomski, Eugeniusz
Affiliation University of Gdansk, Faculty of Economics Department of International Business
E-mail eugeniusz.gostomski@ug.edu.pl
Author Nowosielski, Tomasz
Affiliation University of Gdansk, Faculty of Economics Department of Maritime Transport and Seaborne Trade
E-mail tomasz.nowosielski@ug.edu.pl
ISSN printed 1733-8670
URI https://repository.scientific-journals.eu/handle/123456789/2650
Abstract The aim of the article is a synthetic presentation of the complex process of financing investments related to shipbuilding and purchase. The first part presents the concept of shipbuilding cycles and the relationship between the shipbuilding industry and the shipping market. The paper then reviews the concepts and literature related to the shipbuilding industry, shipbuilding financing, and ship purchase. Lastly, the current state of the shipbuilding market is described. The results of the analysis indicates possibilities of financing the purchase of new vessels including mortgage bonds.
Pages 9
Publisher Scientific Journals Maritime University of Szczecin, Zeszyty Naukowe Akademia Morska w Szczecinie
Keywords shipbuilding
Keywords financing
Keywords ships
Keywords purchase
Keywords investments
Keywords market
Title Financing the construction and purchase of sea ships
References
  1. BRS Group (2019) Annual Review 2019. Paris
  2. CISION PR Newswire (2019) Citi, Societe Generale, DNB und weitere führende internationale Banken setzen sich für grünere weltweite Schifffahrt durch neue Prinzipien ein. [Online] June 18. Available from: https://www.prnewswire. com/news-releases/citi-societe-generale-dnb-und-weiterefuhrende-internationale-banken-setzen-sich-fur-grunereweltweite-schifffahrt-durch-neue-prinzipien-ein-811762790 .html [Accessed: July 15, 2019]. https://www.prnewswire. com/news-releases/citi-societe-generale-dnb-und-weiterefuhrende-internationale-banken-setzen-sich-fur-grunereweltweite-schifffahrt-durch-neue-prinzipien-ein-811762790 .html
  3. Clarksons Research (2017) World Shipyard Monitor, October 2017. Available from: https://www.crsl.com/acatalog/ world-shipyard-monitor.html [Accessed: July 14, 2019]. https://www.crsl.com/acatalog/ world-shipyard-monitor.html
  4. Czech, T. (2006) Zasada proporcjonalnego podziału w konsorcjum kredytowym. Bank i Kredyt XXXVII, pp. 46–53.
  5. Daniel, L. & Yildiran, C. (2019) Ship finance practices in major shipbuilding economies. OECD Science, Technology and Industry Policy Papers 75, OECD Publishing, Paris. Doi: 10.1787/e0448fd0-en
  6. Danish Ship Finance (2018) Shipping Market Review – November 2018. [Online] Available from: https://www.shipfinance.dk/media/1851/shipping-market-review-november2018.pdf [Accessed: December 15, 2019]. https://www.shipfinance.dk/media/1851/shipping-market-review-november2018.pdf
  7. Department for Transport Great Minister House (2019) Maritime 2050. Navigating the Future. London: The National Archives
  8. ECORYS (2009) Study on Competitiveness of the European Shipbuilding Industry. Within the Framework Contract of Sectoral Competitiveness Studies – ENTR/06/054. Final report. Rotterdam
  9. Girvin, S. (2019) Aspects of ship finance: the market, ship mortgages and their enforcement. NUS Law Working Paper No. 2019/015, NUS Centre for Maritime Law Working Paper 19/05, pp. 1–43. Doi: 10.2139/ssrn.3445340.
  10. Global Shipping & Ports Group. Deloitte (2011) IFSR for Shipping. Accounting for owned vessels by shipping companies. Global Shipping & Ports Group. Deloitte. Available from: https://www.academia.edu/4303865/Shipping_ Accounting_for_owned_vessels_by_Shipping_Companies [Accessed: December 15, 2019]. https://www.academia.edu/4303865/Shipping_ Accounting_for_owned_vessels_by_Shipping_Companies
  11. GUS (2018) Rocznik Statystyczny Gospodarki Morskiej 2018. Szczecin: Główny Urząd Statystyczny
  12. ICS (2019) Annual Review 2019. London: International Chamber of Shipping
  13. IMSF (1994) An International Classification of Ships by Type (ICST 94), June 1994. Available from: http://www. imsf.info/media/1081/icst-94.pdf [July 29, 2019]. http://www. imsf.info/media/1081/icst-94.pdf
  14. Instytut Studiów Wschodnich (2018) Polski sektor stoczniowy – stan obecny, perspektywy, zagrożenia. Warszawa: Fundacja Instytut Studiów Wschodnich.
  15. Nitka, A. (2019) Powstał największy koncern stoczniowy świata. [Online] March 12. Available from: https://www.defence24.pl/powstal-najwiekszy-koncern-stoczniowy-swiata [Accessed: July 14, 2019]. https://www.defence24.pl/powstal-najwiekszy-koncern-stoczniowy-swiata
  16. Polish Maritime Code (2001) Ustawa z dnia 18 września 2001 r. Kodeks morski. Dz.U. 2001 nr 138 poz. 1545
  17. SOLAS (2004) International Convention for The Safety of Life at Sea 2004. Available from: http://library.arctic portal.org/1696/1/SOLAS_consolidated_edition2004.pdf [Accessed: July 29, 2019]. http://library.arctic portal.org/1696/1/SOLAS_consolidated_edition2004.pdf
  18. Solesvik, M.B. (2016) Innovation strategies in shipbuilding: the shipbuilding cycle perspective. Shipbuilding and Marine Infrastructure 1–2 (5), pp. 44–50.
  19. Statista (2019) Wert der im Umlauf befindlichen Schiffspfandbriefe in Deutschland von 2003 bis 2018. [Online] Available from: https://de.statista.com/statistik/daten/studie/ 12407/umfrage/schiffspfandbriefe-im-umlauf-seit-2003/ [Accessed: December 15, 2019] https://de.statista.com/statistik/daten/studie/ 12407/umfrage/schiffspfandbriefe-im-umlauf-seit-2003/
  20. Steidl, Ch., Daniel, L. & Yildiran, C. (2018) Shipbuilding Market Developments Q2 2018. OECD, C/WP6(2018)9/ FINAL.
  21. Stiftung Warentest (2015) Die schlimme Bilanz einer Branche. [Online] September 14. Available from: https://www. test.de/Geschlossene-Fonds-Die-schlimme-Bilanz-einerBranche-4910691-0/ [Accessed: July 15, 2019]. https://www. test.de/Geschlossene-Fonds-Die-schlimme-Bilanz-einerBranche-4910691-0/
  22. Stopford, M. (2009) Maritime economics. 3rd edition. London, New York: Routledge
  23. Stopford, M. (2015) Current and past policies for expanding maintaining or reducing shipbuilding capacity: OECD Working Party No. 6. Available from: https://www.oecd.org/ sti/ind/Item%203.3%20Stopford_ShipbuildingCapacity.pdf [Accessed: July 14, 2019]. https://www.oecd.org/ sti/ind/Item%203.3%20Stopford_ShipbuildingCapacity.pdf
  24. UNCTAD (2018) Review of Maritime Transport 2018. Geneva: United Nations Conference on Trade and Development.
  25. VDP Die Deutschen Pfandbriefbanken (2019) Schiffsfinanzierung. [Online] Available from: https://www.pfandbrief.de/ site/de/vdp/pfandbrief/deckungswerte/schiffsfinanzierung .html [Accessed: July 15, 2019]. https://www.pfandbrief.de/ site/de/vdp/pfandbrief/deckungswerte/schiffsfinanzierung .html
  26. Winter, H., Hennig, Ch. & Gerhard, M. (Eds) (2013) Grundlagen der Schiffsfinanzierung. Frankfurt: School Verlag
  27. Wolf Street (2019) The Stories behind Business, Finance & Money. Latest Act in the Crisis of the Enormous Korean Shipbuilders. [Online] June 23. Available from: https:// wolfstreet.com/2019/06/23/latest-act-in-the-crisis-of-theenormous-korean-shipbuilding-industry/ [Accessed: July 17, 2019]. https:// wolfstreet.com/2019/06/23/latest-act-in-the-crisis-of-theenormous-korean-shipbuilding-industry/
ISSN on-line 2392-0378
Language English
Funding No data
Figures 1
Tables 2
DOI 10.17402/454
Published 2020-12-30
Accepted 2020-12-11
Recieved 2020-11-21


Files in this item

This item appears in the following Collection(s)

Show simple item record

Search repository

Advanced Search

Browse

My Account

RSS Feeds