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Tytuł artykułu

Financing the construction and purchase of sea ships

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Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
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.
Słowa kluczowe
Rocznik
Strony
61--69
Opis fizyczny
Bibliogr. 28 poz., rys., tab.
Twórcy
  • University of Gdansk, Faculty of Economics Department of International Business
  • University of Gdansk, Faculty of Economics Department of Maritime Transport and Seaborne Trade
Bibliografia
  • 1. BRS Group (2019) Annual Review 2019. Paris.
  • 2. Christowa, Cz. (Ed.) (1996) Model inżynierii finansowania budowy statków w polskich stoczniach i ich zakupu przez polskich armatorów. Szczecin: Wydawnictwo Akademii Morskiej.
  • 3. 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].
  • 4. Clarksons Research (2017) World Shipyard Monitor, October 2017. Available from: https://www.crsl.com/acatalog/ world-shipyard-monitor.html [Accessed: July 14, 2019].
  • 5. Czech, T. (2006) Zasada proporcjonalnego podziału w konsorcjum kredytowym. Bank i Kredyt XXXVII, pp. 46–53.
  • 6. 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.
  • 7. 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].
  • 8. Department for Transport Great Minister House (2019) Maritime 2050. Navigating the Future. London: The National Archives.
  • 9. ECORYS (2009) Study on Competitiveness of the European Shipbuilding Industry. Within the Framework Contract of Sectoral Competitiveness Studies – ENTR/06/054. Final report. Rotterdam.
  • 10. 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.
  • 11. 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].
  • 12. GUS (2018) Rocznik Statystyczny Gospodarki Morskiej 2018. Szczecin: Główny Urząd Statystyczny.
  • 13. ICS (2019) Annual Review 2019. London: International Chamber of Shipping.
  • 14. 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].
  • 15. Instytut Studiów Wschodnich (2018) Polski sektor stoczniowy – stan obecny, perspektywy, zagrożenia. Warszawa: Fundacja Instytut Studiów Wschodnich.
  • 16. 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].
  • 17. Polish Maritime Code (2001) Ustawa z dnia 18 września 2001 r. Kodeks morski. Dz.U. 2001 nr 138 poz. 1545.
  • 18. 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].
  • 19. Solesvik, M.B. (2016) Innovation strategies in shipbuilding: the shipbuilding cycle perspective. Shipbuilding and Marine Infrastructure 1–2 (5), pp. 44–50.
  • 20. 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].
  • 21. Steidl, Ch., Daniel, L. & Yildiran, C. (2018) Shipbuilding Market Developments Q2 2018. OECD, C/WP6(2018)9/ FINAL.
  • 22. 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].
  • 23. Stopford, M. (2009) Maritime economics. 3rd edition. London, New York: Routledge.
  • 24. 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].
  • 25. UNCTAD (2018) Review of Maritime Transport 2018. Geneva: United Nations Conference on Trade and Development.
  • 26. VDP Die Deutschen Pfandbriefbanken (2019) Schiffsfinanzierung. [Online] Available from: https://www.pfandbrief.de/ site/de/vdp/pfandbrief/deckungswerte/schiffsfinanzierung .html [Accessed: July 15, 2019].
  • 27. Winter, H., Hennig, Ch. & Gerhard, M. (Eds) (2013) Grundlagen der Schiffsfinanzierung. Frankfurt: School Verlag.
  • 28. 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].
Uwagi
Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2021).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-2f76cd02-8457-42b6-834e-7be09a43a762
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