Version 1
: Received: 23 September 2024 / Approved: 23 September 2024 / Online: 23 September 2024 (10:42:36 CEST)
How to cite:
Ma, J.-H.; Min, H.; Ahn, Y. H. Evaluating the Sustainable Performances of Ocean Carriers in the Global Shipping Market: A Longitudinal Study. Preprints2024, 2024091742. https://doi.org/10.20944/preprints202409.1742.v1
Ma, J.-H.; Min, H.; Ahn, Y. H. Evaluating the Sustainable Performances of Ocean Carriers in the Global Shipping Market: A Longitudinal Study. Preprints 2024, 2024091742. https://doi.org/10.20944/preprints202409.1742.v1
Ma, J.-H.; Min, H.; Ahn, Y. H. Evaluating the Sustainable Performances of Ocean Carriers in the Global Shipping Market: A Longitudinal Study. Preprints2024, 2024091742. https://doi.org/10.20944/preprints202409.1742.v1
APA Style
Ma, J. H., Min, H., & Ahn, Y. H. (2024). Evaluating the Sustainable Performances of Ocean Carriers in the Global Shipping Market: A Longitudinal Study. Preprints. https://doi.org/10.20944/preprints202409.1742.v1
Chicago/Turabian Style
Ma, J., Hokey Min and Young Hyo Ahn. 2024 "Evaluating the Sustainable Performances of Ocean Carriers in the Global Shipping Market: A Longitudinal Study" Preprints. https://doi.org/10.20944/preprints202409.1742.v1
Abstract
Reeling from the global supply chain crisis created by the COVID-19 pandemic, the maritime industry still faces multifaceted challenges for its sustainable survival. Those challenges include shifts in trade routes, congestion at major seaports, container shortages, volatility in fuel prices, the scarcity of skilled maritime labor, and potential technical glitches stemming from digitized maritime operations. To help the maritime industry handle these challenges, this paper identifies major drivers and deterrents that affect the efficiency of ocean carriers’ performances over time using two different versions of data envelopment analysis (DEA) models and the Malmquist Productivity Index (MPI). After evaluating the operating efficiencies of multinational ocean carriers across the globe over extended periods (pre- and post-pandemic periods), we developed a benchmark standard that can guide best-in-class sustainable maritime practices.
Keywords
ocean carrier performance; benchmarking; data envelopment analysis; Malmquist productivity index; cluster analysis; longitudinal study
Subject
Business, Economics and Management, Other
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
