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Trans. Planning Journal
| Title | An Analysis of Key Influence Factors for Bulk Carrier Registrations in Taiwan |
|---|---|
| Author | Cherng-Chwan Hwang, Cheng-Chi Chung |
| Summary | Due to severe international competition, it has become one of the important strategies for shipowners to improve competitiveness by shifting their vessels registration to the country of more comparative advantages, especially to the Flag of Convenience (FOC), in order to avoid motherland government’s regulations and controls, reduce operation costs, improve operation conditions, and/or be released from constraints of certain markets. Although some studies have discussed the phenomenon and causes of vessel flagging out, there is a lack of a systematic and quantified analysis, nor a differentiation between different shipping markets. This study adopts Analytic Hierarchy Process (AHP) to analyze in detail the influence factors of vessel registration of bulk carriers. To understand the degree of influence of the related factors to the vessel registration of Taiwan bulk shipping firms, this study develops a hierarchical analysis framework which consists of four different aspects of objective, including policy, cost, operation, and market. The results of this study showed that among the influence factors of bulk vessel registration decision, ‘reducing operating costs’ was the most important one, followed by ‘adopting to market environments’ and ‘improving operation conditions’. It is expected that the findings of this study can serve as a good reference for related firms and government agencies in making relevant decisions. |
| Vol. | 34 |
| No. | 1 |
| Page | 27 |
| Year | 2005 |
| Month | 3 |
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