Investigating the Co-Movement and Asymmetric Relationships of Oil Prices on the Shipping Stock Returns: Evidence from Three Shipping-Flagged Companies from Germany, South Korea, and Taiwan.

In the last 2 years, there has been a significant upswing in oil prices, leading to a decline in economic activity and demand. This trend holds substantial implications for the global economy, particularly within the emerging business landscape. Among the influential risk factors impacting the returns of shipping stocks, none looms larger than the volatility in oil prices. Yet, only a limited number of studies have explored the complex relationship between oil price shocks and the dynamics of the liner shipping industry, with specific focus on uncertainty linkages and potential diversification strategies. This study aims to investigate the co-movements and asymmetric associations between oil prices (specifically, West Texas Intermediate and Brent) and the stock returns of three prominent shipping companies from Germany, South Korea, and Taiwan. The results unequivocally highlight the indispensable role of oil prices in shaping both short-term and long-term shipping stock returns. In addition, the research underscores the statistical significance of exchange rates and interest rates in influencing these returns, with their effects varying across different time horizons. Notably, shipping stock prices exhibit heightened sensitivity to positive movements in oil prices, while exchange rates and interest rates exert contrasting impacts, one being positive and the other negative. These findings collectively illuminate the profound influence of market sentiment regarding crucial economic indicators within the global shipping sector.

Assessing coastal bathymetry and climate change impacts on coastal ecosystems using Landsat 8 and Sentinel-2 satellite imagery.

Coastal ecosystems are facing heightened risks due to human-induced climate change, including rising water levels and intensified storm events. Accurate bathymetry data is crucial for assessing the impacts of these threats. Traditional data collection methods can be cost-prohibitive. This study investigates the feasibility of using freely accessible Landsat and Sentinel satellite imagery to estimate bathymetry and its correlation with hydrographic chart soundings in Port Klang, Malaysia. Through analysis of the blue and green spectral bands from the Landsat 8 and Sentinel 2 datasets, a bathymetry map of Port Klang's seabed is generated. The precision of this derived bathymetry is evaluated using statistical metrics like Root Mean Square Error (RMSE) and the coefficient of determination. The results reveal a strong statistical connection (R2 = 0.9411) and correlation (R2 = 0.7958) between bathymetry data derived from hydrographic chart soundings and satellite imagery. This research not only advances our understanding of employing Landsat imagery for bathymetry assessment but also underscores the significance of such assessments in the context of climate change's impact on coastal ecosystems. The primary goal of this research is to contribute to the comprehension of Landsat imagery's utility in bathymetry evaluation, with the potential to enhance safety protocols in seaport terminals and provide valuable insights for decision-making concerning the management of coastal ecosystems amidst climate-related challenges. The findings of this research have practical implications for a wide range of stakeholders involved in coastal management, environmental protection, climate adaptation and disaster preparedness.

Enhancing coastal ecosystem resilience: Investigating the interplay between safety criteria and ferry employee's perceptions to address climate change impacts.

Coastal ecosystems play an important part in mitigating the effects of climate change. Coastal ecosystems are becoming more susceptible to climate change impacts due to human activities and maritime accidents. The global shipping industry, especially in Southeast Asia, has witnessed numerous accidents, particularly involving passenger ferries, resulting in injuries and fatalities in recent years. In order to mitigate the impact of climate change on coastal ecosystems, this study aimed to evaluate the relationship between employees' perceptions of safety criteria and their own safety behaviour on Langkawi Island, Malaysia. A straightforward random sampling technique was employed to collect data from 112 ferry employees aboard Malaysian-registered passenger boats by administering questionnaires. The findings shed light on the strong connection between providing safety instructions for passengers and safety behaviour among ferry workers. Safety instructions should contain climate-related information to successfully address the effects of climate change. The instructions might include guidance on responding to extreme weather events and understanding the potential consequences of sea-level rise on coastal communities. The ferry company staff should also expand their safe behaviour concept to include training and preparation for climate-related incidents. The need to recognise the interconnectedness between climate change, ferry safety and the protection of coastal ecosystems is emphasised in this study. The findings can be utilised by policymakers, regulatory agencies and ferry operators to design holistic policies that improve safety behaviour, minimise maritime mishaps and preserve the long-term sustainability of coastal ecosystems in the face of difficulties posed by climate change.

Implementation of the energy efficiency existing ship index and carbon intensity indicator on domestic ship for marine environmental protection.

The International Maritime Organization has set a goal to achieve a 50% reduction of total annual greenhouse gas emission related to the international shipping by 2050 compared to the 2008 baseline emissions. Malaysia government has taken an initiative to investigate the assessment (cost-effectiveness) of this International Maritime Organization's short-term measure on Malaysian-registered domestic ships although this measure is only for international merchant ship. To achieve this, this paper collected the ship's data from the shipowners from 25 sample ships. Engine power limitation is the most cost-effective option, but low power limits can lead to substantially increased sailing times. Based on cost-efficiency analysis, it creates for the purpose of compliance with the operational carbon intensity indicator. It found that even if it is possible to bring an asset back into service, it may not be possible to do so in a manner that generates a profit or complies with applicable regulations. In these situations, it may be more prudent to scrap the asset rather than run the risk of having it become a stranded asset. This is especially true for older tankers. Alternatives with lengthy payback periods are not desirable for the domestic tanker fleet that is already in operation.

Marine environment and maritime safety assessment using Port State Control database.

Port State Control (PSC) is the inspection of foreign ships in national ports assists in the removal of substandard ship commerce from the global sea and ensures that no ship poses a threat to maritime safety and the marine environment. When a clear ground is discovered during an inspection, the inspector has the authority to detain the ship until the flaws are corrected in order to assure safety and reduce pollution hazards. This paper adopted a traditional literature review method using the selected six (6) years data from the inspections conducted by maritime authorities from 2016 to 2021 and incorporate with qualitative and quantitative analysis to ascertain the influence of each risk factor on the number of arrests, including the relationship between risk factors and the type of detain deficiency, which is a critical part of the study. This study's findings provide important insights into how to facilitate an effective way in selecting the ship to be inspected, followed by identifying the ship's risk profile and designing the inspection area, which plays a critical role in assisting the inspector in terms of time efficient and effective inspection (especially for the ships, which have a short duration at berth) during inspection to further strengthen maritime safety, ship's safety, seafarers' health and marine environmental protection.