A retrospective review of the average period of ship ownership with implications for the potential payback period for retrofitted equipment
- Submitting institution
-
University of Newcastle upon Tyne
- Unit of assessment
- 12 - Engineering
- Output identifier
- 187658-118810-1293
- Type
- D - Journal article
- DOI
-
10.1177/1475090213486096
- Title of journal
- Proceedings of the Institution of Mechanical Engineers, Part M: Journal of Engineering for the Maritime Environment
- Article number
- -
- First page
- 249
- Volume
- 228
- Issue
- 3
- ISSN
- 1475-0902
- Open access status
- Compliant
- Month of publication
- August
- Year of publication
- 2014
- URL
-
https://doi.org/10.1177/1475090213486096
- Supplementary information
-
-
- Request cross-referral to
- -
- Output has been delayed by COVID-19
- No
- COVID-19 affected output statement
- -
- Forensic science
- No
- Criminology
- No
- Interdisciplinary
- No
- Number of additional authors
-
0
- Research group(s)
-
-
- Proposed double-weighted
- No
- Reserve for an output with double weighting
- No
- Additional information
- This is the first study to quantify ship ownership periods and thereby provide data on which rational assumptions can be made for payback period in the evaluation of retrofitted engineering products on ships. The research has shown that the buying and selling behaviour of ship owners does not fit the generally accepted model and provides a new model based on objective evidence. Crucially, the payback potential is greater than generally perceived and the work demonstrates incentive to develop retrofit propositions for carbon reduction in shipping.
- Author contribution statement
- -
- Non-English
- No
- English abstract
- -
