Shipping and investment incentives: a trilogy Part 2. Investment incentives for shipping

This paper concentrates on the shipping industry and considers the forms of fiscal and financial incentives which are used by different governments to promote or encourage investment in their shipping industry. The analysis reduces the various packages of investment incentives and loan arrangements to a common measurement—the net present value of the package—and uses this to draw international comparisons and rankings. The results are based on different values of rates of return in the shipping industry and under certain assumptions concerning the rate of inflation and the rate of discount. Differences in loan arrangements have also been incorporated. The particular results are valid only for the specified circumstances but the methodology is generally applicable.     

货运代理合同案谁是谁非

近日,天津海事法院审结一起货运代理合同纠纷案。原告某储运公司诉称,被告某公司委托其订舱,原告代垫海运费3 225美元和人民币670元,多次索要,但被告拒不履行给付义务,请求法院判令被告给付原告拖欠的代垫海运费3 225美元和人民币费用670元。被告则辩称,涉案业务是和原告石家庄     

Quality shipping — incentives,disincentives

Shipping is the indispensable means of distributing goods between places of production and areas of consumption on our globe and is often claimed to be the most environmentally friendly mode of transport. However, there is a distinguished backwardness of shipping technology in environmental terms due to the hard competition within the globalised shipping business.     

Economic incentives for maritime shipping relating to climate protection

This paper aims to analyze the various policy options for addressing greenhouse gas emissions from international maritime shipping, with an emphasis on the use of economic instruments. The economic incentives provided for the industry are categorized and examined with regard to their effectiveness for climate protection purposes. An analysis of the potential use of market-based mechanisms for the shipping sector follows alongside with the review and evaluation of the various proposals for a Maritime Emissions Trading Scheme that are submitted to the Marine Environment Protection Committee of the International Maritime Organization and are currently under consideration. The importance of the adoption of a maritime global cap-and-trade scheme for climate change mitigation is particularly emphasized. Within this context, it is also considered whether the possible introduction of economic incentive measures on a broader (regional or global) level may cause problems of implementation and how these obstacles can be overcome.     

The potential for British coastal shipping in a multimodal chain

A strategy to revitalize coastal shipping within Great Britain is investigated. An examination of the regulatory environment shows government, at both the EU and British levels, aware of the environmental benefits of coastal shipping compared to road freight transport, if only mildly supportive in tangible terms. The geography of Great Britain and the modern preference for just-in-time deliveries have severely restricted the ability of coastal shipping to compete effectively with road freight transport. The primary objective of the paper is to investigate whether coastal shipping could be integrated into a multimodal door-to-door supply chain, where it is currently hampered by high costs of transhipment, slow transport speeds, and the incongruity of load sizes between land and sea modes. Integration requires the co-operation of all organizations within the multi-modal supply chain. However, coastal shipping companies have been known to be individualistic and mistrusting of alliances. Therefore, a Delphi study is undertaken to investigate the standpoint of leading managers in such companies towards multimodal integration. The results of the Delphi study indicate that managers are in favour of multimodal developments, in particular cooperation between coastal shipping and road haulage. However, there was agreement that the business is highly competitive, and this may prevent the forms of collaboration required for multimodal systems. The secretive nature of the coastal shipping sector could impede joint marketing to promote a mode of transport that is often 'invisible' to shippers. There was little consensus on the relationship that should exist between coastal shipping and ports, a topic worthy of further investigation.     

The potential for British coastal shipping in a multimodal chain

A strategy to revitalize coastal shipping within Great Britain is investigated. An examination of the regulatory environment shows government, at both the EU and British levels, aware of the environmental benefits of coastal shipping compared to road freight transport, if only mildly supportive in tangible terms. The geography of Great Britain and the modern preference for just-in-time deliveries have severely restricted the ability of coastal shipping to compete effectively with road freight transport. The primary objective of the paper is to investigate whether coastal shipping could be integrated into a multimodal door-to-door supply chain, where it is currently hampered by high costs of transhipment, slow transport speeds, and the incongruity of load sizes between land and sea modes. Integration requires the co-operation of all organizations within the multi-modal supply chain. However, coastal shipping companies have been known to be individualistic and mistrusting of alliances. Therefore, a Delphi study is undertaken to investigate the standpoint of leading managers in such companies towards multimodal integration. The results of the Delphi study indicate that managers are in favour of multimodal developments, in particular cooperation between coastal shipping and road haulage. However, there was agreement that the business is highly competitive, and this may prevent the forms of collaboration required for multimodal systems. The secretive nature of the coastal shipping sector could impede joint marketing to promote a mode of transport that is often ‘invisible’ to shippers. There was little consensus on the relationship that should exist between coastal shipping and ports, a topic worthy of further investigation.     

Short sea shipping: a Canadian perspective

Short sea shipping has begun to receive attention from governments worldwide, as they seek to reduce traffic congestion and greenhouse gases. Despite a long coastline and its interest in international maritime affairs, the Canadian government had, until 2003, placed greater emphasis on resolving the issues of other transport modes. In July 2003, Canada and the United States signed a Memorandum of Cooperation on Sharing Short Sea Shipping Information and Experience. Subsequently, the federal government embarked on an assessment of short sea shipping through a series of workshops. This paper explores the key issues with respect to further development of short sea shipping from a Canadian perspective. It examines the critical limitations and impediments to further growth of short sea services in Canada and trans-border trade with the USA, and identifies a number of questions Canadian policymakers need to answer.     

Shipping and investment incentives: a trilogy

Governments may often try to stimulate investment in their own country by altering the climate in which such decisions are made. They achieve this by means of fiscal and financial regimes which may offer investment incentives for particular forms of investment and/or favourable financial arrangements to facilitate the purchase of particular assets. This paper discusses the form which such incentives might take and considers the literature to examine how such incentives have been perceived by businessmen whose actions they are intended to influence.     

Assessing investments in shipping: a modular approach

This paper provides seperate but consistent modules,capable of being combined in a number of ways, for the assessment of investements in shipping with a variety of circumstances in respect of profitability, finance, inflation, taxes and tax allowances.These are accompanied by explanatory formulas and tables.It is thus possible to make comparisons of different financial terms and tax systems with ease and rapidity.A worked example is included.     

Valuation mismatch and shipping q indicator for shipping asset management

ABSTRACT

This paper aims to develop an adaptation of the Tobin Q investment model for the shipping asset management in order to monitor valuation mismatch and bubble pricing of shipping assets. In this circumstance, the market prices of various shipping assets (e.g., Capesize or Panamax dry bulk carriers in different age profiles) are compared to the measured long-term asset value with second-hand ship prices. The mark-to-market prices of shipping assets are led by current market trends and freight rates, while the long-term asset value is estimated by using past data under certain assumptions (mean reversion, trend reversion). The discrepancy between market prices and the long-term nominal value of a shipping asset reflects any mispricing, which in turn sheds light on investment timing and market entry-exit decision.     

Fleet deployment in liner shipping: a case study

The fleet deployment problem is an important planning problem in liner shipping. It deals with optimally assigning voyages to available vessels in the fleet and determining vessel routes and schedules in a way that minimizes costs or maximizes profit. This paper presents a new model for a fleet deployment problem in liner shipping, and we also propose a multi-start local search heuristic to solve the problem. The heuristic has been embedded in a prototype decision support system (DSS) that has been implemented and tested at Höegh Autoliners, a major global provider of ro-ro (roll-on roll-off) vehicle transportation services. The heuristic was able to produce high-quality solutions within a few minutes to a real planning problem with more than 55 vessels and 150 voyages over a planning horizon of 4–6 months. Tests indicated that the solutions suggested by the DSS gave between 2 and 10% improvements compared with solutions from manual planning. What is almost equally important is that using the DSS can ease the planning process.     

践行"三个服务"再促航区和谐

2005年3月,河北海事局率先联合沧州市政府、神华港务集团、中海集团等19家单位在沧州市举行了共建黄骅港“安全畅通文明”航区的签字仪式,构建黄骅港电煤水路运输“绿色”通道,最大程度地缓解了黄骅港单向狭长航道的“先天不足”对港口营运带来的负面影响。交通部海事局常务副局长刘功臣在仪式上,对河北海事局发动社会力量,共建“安全畅通文明航区”的方式给予了充分肯定。他认为,此项活动是海事部门、地方政府、港航企业联手合作,服务地方经济,构建和谐社会的新举措、新探索。     

2050 for the shipping industry

正On April 13,2018,London,United Kingdom,the 72nd Meeting of the IMO Maritime Environment Protection Committee(MEPC72)finally formed and adopted the first initial strategy in shipping industry history to reduce shipping CO_2 and greenhouse gas emissions.For the shipping industry emission reduction targets that are of particular concern to the industry,there are three main conclusions:First,to further implement and