Entrepreneurship in the offshore wind shipping segment

Milena Kirilova Tsvetanova

Student thesis: Master thesis


The purpose of this study is to explore entrepreneurial activity in the offshore wind shipping segment. Due to lack of prior research on the topic, my thesis, ‘Entrepreneurship in the offshore wind shipping segment – why and how does entrepreneurship occur within the context of niche segment shipping and who are the entrepreneurs taking part in this process? What kind of competences is needed in order to be able to exploit these new opportunities and what are the main challenges this niche segment is currently facing and how are they being addressed? ‘, bridges the gap in knowledge by extending the application of entrepreneurship theory to niche segment shipping and investigating empirical data gathered by quantitative and qualitative means to conduct an industry analysis and facilitate a discussion of the extant business environment. My thesis contributes to entrepreneurship research by aiding a better understanding of the rationales, approaches and challenges of opportunity recognition and exploitation in the segment, documenting entry by individuals of predominantly maritime and engineering background, multiple cases of corporate venturing, and a locational shift in entrepreneurial opportunity. It furthermore advances the study of maritime economics by identifying areas of convergence between niche segment shipping and traditional shipping trades such tendencies towards commoditization and growing rivalry in all three main subsegments (installation, cable laying and service), heavy reliance on traditional production factors, but also ones of dissimilarity, e.g. the importance of social and intellectual capital to offshore wind’s future development.

EducationsMSocSc in Organisational Innovation and Entrepreneurship , (Graduate Programme) Final Thesis
Publication date2014
Number of pages158