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Ship Acquisition of Shipping Companies by Sale & Purchase Activities for Sustainable Growth: Exploratory Fuzzy-AHP Application

1
Department of International Logistics, Chung-Ang University, 84 Heukseok-ro, Dongjak-gu, Seoul 06974, Korea
2
School of Economics & Trade, Kyungpook National University, 80 Daehakro, Bukgu, Daegu 41566, Korea
3
Institute of Economics & Business Administration, Kyungpook National University, 80 Daehakro, Bukgu, Daegu 41566, Korea
4
Graduate School of Logistics, Incheon National University, 119 Academy-ro, Yeonsu-gu, Incheon 22012, Korea
*
Author to whom correspondence should be addressed.
Sustainability 2018, 10(6), 1763; https://doi.org/10.3390/su10061763
Received: 21 March 2018 / Revised: 11 May 2018 / Accepted: 24 May 2018 / Published: 28 May 2018
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
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Abstract

Strengthening sale and purchase (S&P) capacity has become a fundamental requirement for sustainable growth and corporate competitiveness in the modern shipping market. However, there is a lack of research related to S&P and its priority when shipping companies attempt to implement ship acquisition through S&P activities. To fill this gap, this paper conducts an empirical analysis to analyze priority factors during the acquisition of second-hand ships from the perspective of shipping companies. Business criteria are considered to be the most important factors in the analysis of the priority of ship acquisition and investment in shipping companies. To the best of our knowledge, this research is the first exploration covering Korean shipping companies’ ship acquisition through S&P activities. This study is expected to contribute to the better understanding of the role of S&P in ensuring the sustainability of shipping companies and to provide stakeholders with valuable insights. View Full-Text
Keywords: sale and purchase; ship acquisition; sustainable growth; second-hand ship; fuzzy AHP; shipping company; priority factor; Korea; ship investment; sustainability sale and purchase; ship acquisition; sustainable growth; second-hand ship; fuzzy AHP; shipping company; priority factor; Korea; ship investment; sustainability
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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 (CC BY 4.0).
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Park, K.-S.; Seo, Y.-J.; Kim, A.-R.; Ha, M.-H. Ship Acquisition of Shipping Companies by Sale & Purchase Activities for Sustainable Growth: Exploratory Fuzzy-AHP Application. Sustainability 2018, 10, 1763.

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