Renewal strategy and policy effect of dry bulk fleer under shipbreaking subsidy policy

  • JIANG Zhen-feng ,
  • PENG Yi-nong ,
  • YANG Zhong-zhen
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  • (Transportation Engineering College, Dalian Maritime University, Dalian 116026, China)

Received date: 2019-04-09

  Revised date: 2019-05-21

  Online published: 2019-05-21

Abstract

In order to plan the renewal scheme of  dry bulk fleet  of shipping company under the policy of ship dismantling subsidy, a fleet planning model of dry bulk fleet was established with the objective of maximizing shipping company’s profit.Taking the dry bulk cargo fleet of COSCO as the research object, the demand of dry bulk cargo transportation  in the next five years was forecasted,and the strategy of dismantling and new construction of dry bulk cargo ships  with or without subsidies was formulated by stages.By comparing fleet renewal schemes with or without subsidy,the impact of subsidy on the dismantling and new dry bulk carriers of shipping companies has been cleared as well as the effects of subsidy on improving the profitability of shipping companies. The result shows that the subsidy policy can promote the early dismantling of old ships.Under the simulation of subsidy policy,the amount of ship dismantling and shipbuilding increases substantially.The study can help the government and shipping enterprises to clarify the policy effectiveness of ship dismantling subsidy,and promote shipping companies to use the subsidy policy to update ships and improve market competitiveness.

Cite this article

JIANG Zhen-feng , PENG Yi-nong , YANG Zhong-zhen . Renewal strategy and policy effect of dry bulk fleer under shipbreaking subsidy policy[J]. Journal of Dalian Maritime University, 2019 , 45(3) : 17 -23 . DOI: 10.16411/j.cnki.issn1006-7736.2019.03.003

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