Sustainability issues in maritime transport and main challenges of the shipping industry
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DOIhttp://dx.doi.org/10.21511/ee.10(1).2019.04
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Article InfoVolume 10 2019, Issue #1, pp. 48-65
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Considering the rapid development of oceanic logistics, the maritime traffic is one of the worst offenders for air and water pollution. This paper primarily aims to explore the key concepts and terms applied to denote the sustainability issues in maritime transport and main challenges for the shipping industry. The present study investigates the existing sustainability frameworks on the relationship between sustainability and maritime industry. Also the author proposes to use modelling approaches to measure the relationship between oil prices, exchange rate, services export and ocean transport value added. The empirical findings indicate that growth rate of the crude oil prices has negative impact on ocean transport value added growth, and it can be traced that the oil industry has a strong influence on value creation in maritime clusters and their competitiveness, especially on the shipping sector. The analysis also sheds light on the impacts of relationship between environmental pollution and maritime cluster activity (through the validation of the EKC hypothesis in Norway). The current paper reveals that there is an inverted U-shaped relationship between economic growth and CO2 emissions. The empirical evidences show that the links between CO2 emissions and ocean transport value added are more significant than with energy consumption indicator. It can be assumed that, due to the energy efficiency policy and technological leadership in the shipping industry, the environmental impact of energy use (renewable energy) has improved.
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JEL Classification (Paper profile tab)O44, Q01, Q53, Q56
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References37
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Tables3
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Figures9
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- Figure 1. Geographical distribution of the most important maritime regions in Norway
- Figure 2. Development in crude oil prices, services export, official exchange rate NOK to USD and ocean transport value added in Norway during the period 1980–2018
- Figure 3. The dynamics of export in sea and coastal water transport services and share of it in total export in services in Norway, 2015–2018
- Figure 4. The cluster’s turnover broken down on the four segments and split by markets
- Figure 5. Deviation from trend of the oil price component
- Figure 6. The results of the check on the stationary time series in the EViews program
- Figure 7. Development in official exchange rate with USD relative to NOK and ocean transport value added during the period 1979–2018
- Figure 8. Development in crude oil prices and ocean transport value added during the period 1979–2018
- Figure 9. Autoregressive distributed lag (ARDL) testing results in the EViews program
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- Table 1. Norwegian-controlled foreign-going fleet composition as of January 1, 2019, by number of ships
- Table 2. Regression results
- Table 3. Regression results
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SDGs and ESG disclosure regulation: is there an impact? Evidence from Top-50 world economies
Alex Plastun
,
Inna Makarenko ,
Lyudmila Khomutenko ,
Oksana Osetrova ,
Pavlo Shcherbakov
doi: http://dx.doi.org/10.21511/ppm.18(2).2020.20
Problems and Perspectives in Management Volume 18, 2020 Issue #2 pp. 231-245 Views: 1601 Downloads: 318 TO CITE АНОТАЦІЯThis paper explores the influence of the ESG disclosure regulation (government corporate ESG disclosure and non-government corporate ESG disclosure) on the ranking in 50 largest economies. Applying various statistical methods and techniques, including both parametrical (Student’s t-test, ANOVA analysis) and non-parametrical (Mann-Whitney U test) tests, simple average analysis, OLS with dummy variables method and multiple linear regression analysis, as well as correlation analysis and Granger causality test, several hypotheses are tested. The hypotheses stipulate whether or not ESG disclosure regulation differs in developed and emerging countries and whether or not ESG disclosure regulation influences the country’s SDGI ranking, as well as the ranking of the country among 50 largest economies. According to the results, the differences in ESG disclosure regulation are statistically significant in developed and emerging countries. The level of ESG disclosure compliance is higher in developed countries. ESG disclosure regulation influences the position of the country in SDGI and 50 largest economies rankings. The more country complies with ESG disclosure criteria, the better position in rankings is. Incorporation of ESG criteria is an important evolutionary step in economic development of the country. It allows increasing position of the country in 50 largest economies and SDGI ranking. Thus, ESG disclosure regulation is vital for the development of the country in the modern world.
Acknowledgment
Comments from the Editor and anonymous referees have been gratefully acknowledged. Alex Plastun gratefully acknowledges financial support from the Ministry of Education and Science of Ukraine (0117U003936). Inna Makarenko gratefully acknowledges financial support from the Ministry of Education and Science of Ukraine (0117U003933).
