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Efficiency Analysis of Korean Major Ship Management Corporations  

Jeon, Junwoo (인천대학교 동북아물류대학원)
Lee, Taehwee (인천대학교 동북아물류대학원)
Yeo, Gi-Tae (인천대학교 동북아물류대학원)
Publication Information
Journal of Korea Port Economic Association / v.28, no.4, 2012 , pp. 79-98 More about this Journal
Abstract
There is scant of research regarding the efficiency measurement of the ship management business. This paper aims to analyze the relative efficiency within the Korean Major Ship management corporations, to select the relatively low effective companies, and to suggest the improvement strategies for those. As a research methodology, Data Envelopment Analysis (DEA) applied to the top 20 corporations among Korean and Foreign Shipping Liners in Korea. To draw out the efficiency of targeted terminals, the number of ship managed is used as an input variables while, the number of crews and the total sales are utilized as an output variables. As a result. Haeyoung Maritime services is the most efficient corporations in Foreign Shipping Liners. Among Korean Shipping Liners, Panstar Shipping, Korea Lines, STX marine and Woolim Shipping are relatively efficient corporations which are scored BCC 1.
Keywords
Ship Management; Efficiency Analysis; DEA; Korean Shipping Liners; Foreign Shipping Liners;
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Times Cited By KSCI : 4  (Citation Analysis)
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