Abstract
Sustainable investment in tangible shipping assets is important for understanding investor behaviour and promoting sustainable development in the industry and the global economy. This research presents a framework for empirically testing the existence of the “green premium” for eco-ships and the role of financial investors in containership investments. Real transaction data from over 2000 sales and purchases of containerships between 2005 and 2023 are utilized in this study. A Generalized Structural Equation Modelling is employed to investigate the relationship among variables, including vessel value, eco-ships, investor categories, age, size, and others. The finding confirms the presence of a green price premium for the second-hand container eco-ships. Furthermore, financial buyers, who typically act as lessors in the financial leasing of ships in the shipping industry, have shown a more pronounced inclination towards investing in container eco-ships compared to operating buyers.
| Original language | English |
|---|---|
| Article number | 103658 |
| Journal | Transportation Research. Part E: Logistics and Transportation Review |
| Volume | 189 |
| Number of pages | 14 |
| ISSN | 1366-5545 |
| DOIs | |
| Publication status | Published - Sept 2024 |
Keywords
- Sustainable investment
- Financial buyer
- Operating buyer
- Container vessel value
- Green price premium