Browsing NHH Brage by Author "Jia, Haiying"
Now showing items 1-16 of 16
-
Analysis of the Cyclical Behaviour of Lending Banks in the Offshore and Shipping Industries
Arnstad, Kristoffer; Lie, Sjur Tronstad (Master thesis, 2023)Traditional bank lending has always been the major source of capital to shipping and offshore. These industries being some of the most capital intensive, the need for financing is obvious. However, due to their cyclical ... -
Are AIS-based trade volume estimates reliable? The case of crude oil exports
Ådland, Roar Os; Jia, Haiying; Strandenes, Siri Pettersen (Peer reviewed; Journal article, 2017)Most global trade statistics in the public domain refer to official customs data, which are not generally available on a micro (individual cargo) level. With the increasing availability and completeness of ship positioning ... -
Asset bubbles in shipping? : an analysis of recent history in the drybulk market
Ådland, Roar Os; Jia, Haiying; Strandenes, Siri Pettersen (Discussion paper, Working paper, 2006-03)The purpose of this paper is to investigate the hypothesis that the supercycle in the drybulk freight market between 2003 and 2005 caused asset values in the second -hand market to deviate from underlying fundamentals. ... -
Does fuel efficiency pay? Empirical evidence from the drybulk timecharter market revisited
Ådland, Roar Os; Alger, Harrison Marshall; Banyte, Justina; Jia, Haiying (Journal article; Peer reviewed, 2017)The time charter market for ships represents a classical example of the principal-agent problem, where shipowners can opt to invest in energy efficient ships, yet any savings in fuel expenditures accrue to the charterers. ... -
First-time acquisition of Sustainability-linked Debt in Shipping : Effects on Shareholder Distribution and Investor Appetite
Løklingholm, Lisa; Schøpp, Jacob Lochner (Master thesis, 2022)The allocation of capital to green projects has increased in recent years, as companies across industries increase their commitments to become more sustainable. In a regulatory environment where sustainability and an ... -
Green bonds in shipping : an event study of green bonds in shipping and their impact on institutional ownership and equity risk
Paul, Anik Kumar; Solli, Kasper (Master thesis, 2021)The allocation of capital to green projects have increased in recent years as focus on climate change and the necessity to transit to a more sustainable and carbon neutral environment have intensified. With decarbonization ... -
Norwegian port connectivity and its policy implications
Jia, Haiying; Daae Lampe, Ove; Šoltészová, Veronika; Strandenes, Siri Pettersen (Peer reviewed; Journal article, 2017) -
Portfolio optimization of chartering contracts : An empirical study of the chartering policies for Western Bulk Chartering ASA in the period from 2016 to 2022
Dalgaard, Magnus Klund; Skjævestad, Øyvind (Master thesis, 2023)This thesis looks at how the shipping operator Western Bulk can structure their chartering decisions through a portfolio approach. This entails looking at chartering contracts as single investments, which are part of a ... -
The Principal-Agent Problem in Finance: Performance Clauses in Shipping Charterparties : The misalignment of incentives for performance between shipowners and charterers regarding ‘Good weather conditions’ in time charter contracts
Vindal, Mathias; Drægebø, Johan (Master thesis, 2023)This study investigates how definitions of ‘Good weather conditions’ influence speed and fuel consumption claims in dry bulk shipping time charter contracts. Using observed weather data, we simulate various definitions ... -
Simulating physical basis risks in the Capesize freight market
Ådland, Roar Os; Jia, Haiying (Peer reviewed; Journal article, 2017)The purpose of this paper is to evaluate the characteristics of the time-varying differential between the Baltic global trip-charter average and simulated earnings from a fleet of Capesize vessels. We interpret the standard ... -
Sustainability-Linked Debt in Shipping : A study on the effects of SLD on shipowners’ cost of capital
Aas, Andreas Olsen; Madsen, Fredrik Lien (Master thesis, 2023)This study analyzes whether issuing sustainability-linked debt (SLD) reduces shipowners’ cost of capital. In light of the existing research on green bonds indicating increased investor appetite for sustainability, along ... -
The impact of regional environmental regulations on empirical vessel speeds
Ådland, Roar Os; Fonnes, Gro; Jia, Haiying; Daae Lampe, Ove; Strandenes, Siri Pettersen (Journal article; Peer reviewed, 2017)Economic theory suggests that the use of more expensive low-sulphur fuel within an Emission Control Area (ECA) should result in lower vessel speeds. The objective of this paper is to investigate empirically, for the first ... -
The impact of regional environmental regulations on empirical vessel speeds
Ådland, Roar Os; Fonnes, Gro; Jia, Haiying; Daae Lampe, Ove; Strandenes, Siri Pettersen (Peer reviewed; Journal article, 2017)Economic theory suggests that the use of more expensive low-sulphur fuel within an Emission Control Area (ECA) should result in lower vessel speeds. The objective of this paper is to investigate empirically, for the first ... -
Using Machine Learning to Predict Port Congestion : A study of the port of Paranaguá
Fadnes, Eirik; Harviken, Espen Åsheim (Master thesis, 2023)Being able to accurately predict future levels of port congestion is of great value to both port and ship operators. However, such a prediction tool is currently not available. In this thesis, a Long Short-Term Memory ... -
Vessel Valuation in Maritime Industry Using Machine Learning
Ebrahimi, Babak; Jahjolli, Arrold (Master thesis, 2021)This thesis focuses on the application of machine learning for vessel valuation. In the following paper, we present four different models and conclude that supervised machine learning models such as Catboost exhibit ... -
Well-to-tank carbon emissions from crude oil maritime transportation
Greene, Suzanne; Jia, Haiying; Rubio-Domingo, Gabriela (Peer reviewed; Journal article, 2020)International seaborne transport of crude oil takes place mainly on tankers, with annual seaborne crude flows totaling an estimated 12 billion barrels. To take into account the carbon footprint on crude oil from its ...