21st Century Shipping Markets: From Building to Scrapping and Beyond

Under the Auspices of H.E. the President of the Hellenic Republic, Mr. Prokopios Pavlopoulos

27th Annual Conference of the International Association of Maritime Economists (IAME)


An IAME2019 Special Session on

21st Century Shipping Markets: From Building to Scrapping and Beyond

Session organizers:

Manolis G. Kavussanos – Athens University of Economics and Business
Siri Pettersen Strandenes, Norwegian School of Economics, Norway
Helen Thanopoulou, University of the Aegean, Greece

Since the millennium, rapid technological, economic and regulatory changes have been transforming world shipping through changes in market structures and beyond. This has already had an impact on various dimensions of the different shipping markets in the wider sense i.e. including freight markets, markets for ships, scrapping markets, markets for inputs such as bunkers, etc. The introduction of new fuels along with notable changes in the size of dry cargo and container vessels and, in the wet sector, the emergence of LNGs as a potential replacement of tankers in the future, underline the transformative character of the period in question. The main result of the cataclysmic technological change affecting both the hardware and the software of shipping is the erosion and replacement of traditional factors of shipping competitiveness inherited from the past.

During the IAME2019 conference in Athens, Greece, a Special Session will be organized on the theme of “21st century shipping markets: from Building to Scrapping and beyond”, exploring relevant topics and issues of current and future interest. Papers to be considered for inclusion should enhance our knowledge on the following shipping markets.

  • Freight markets (market form and characteristics of freight rate formation)
  • Newbuildings markets 
  • Markets for second-hand ships
  • New dimensions of asset-play
  • The ship demolition market
  • The significance of current technological change for freight rate and asset value formation
  • Impact of shipper concentration on freight market seasonality and volatility
  • Markets for inputs (human resources, bunkers, software, consultancy)
  • Other

Session organizers are looking for papers revealing and focusing on new aspects emerging in the shipping markets since the start of this century or dawning currently as future key developments. Papers can be conceptual - in which case they should be exhaustive and with an innovative element - or could be empirical making use of statistical/econometric/multi-criteria techniques.

At the time of full paper submission, and before final paper acceptance for presentation at IAME2019, potential contributors can inform the session organizers via e-mail to siri.strandenes@nhh.no; hethan@aegean.gr and mkavus@aueb.gr of their intention to include the paper in the special session.

Following the end of the conference, the organizers will edit a special issue of

Maritime Policy and Management

This special issue of Maritime Policy and Management will include a maximum of 8 papers from, but not limited to, the organized session(s). Authors of high-quality papers will be invited to submit their full papers for the special volume according to this journal’s editorial instructions.